I can see a possible Sell on GBPUSD, as we see a touch in top of trendline
I'm predicting there may be an opportunity to short GBP against other currencies Sunday evening, before the JPY interest rate announcement Monday Night. GBP is differentiation on USD, showing weakness compared to the other currencies. The other currencies gained strength, and are all above their Simple and Weighted Weekly Moving Averages against market low USD....
Looking to see if GBP can pullback to hunt for some liquidity before pushing lower, could possibly be a decent trade to the upside for about 50-60 pips but I find that when market sell-off they sell hard and fast don't want to be on the side where there is a clear downtrend on the H1 chart. Will see how this one plays out next week. #gbp #gbpnzd #gbpnzdshort
Our first take profit target is hit! We have now closed half the position and will look for continuation of trend. I will update analysis when we have more information available. If you like this idea or traded it with me please like and follow for more ideas. ORIGINAL TRADE IDEA BELOW
ENTRY : 1.37521 STOP LOSS : 1.38950 FIRST TAKE PROFIT : 1.36450 RISK : 1% CAPITAL Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis. GL. Please feel free to comment and discuss. If you like this idea or traded it with me please like and...
The pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10...
Hello everyone! GBP/AUD has closed below the previous support on the 4H chart. My TP will be all the way down at 1.74200, the SL is at 1.78550. Good luck with your trades!
I have annotated the relevant levels. Equal highs being formed so I'm expecting price to fly past them to take out stops and capture the remaining liquidity from the supply zone above where we seen a strong imbalance in the price. I am going to be very active on this channel from now so follow up for more set ups and content!
Even though GBP has been crashing the pairs left, right and center, we believe it's time to turn the tables. Time for a deeper correction! Enter at 1.352, SL is at 1.358 while TP is right at 1.34 Good luck out there! Follow for more.
Consistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
Whats up guys, back with another idea. Dont forget to leave a like and if you wanna stay updated with my ideas go ahead and follow the page! We are getting better everyday. Now, on with the idea: So, we see that pre NY session, the pound was stuck in a consolidation zone. We can take from that, price is getting ready for a major play. WE can see the tall wicks...
UK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter. It's not a secret that...
The overall trend is bearish bias, in the meantime, however there will be a moderate retracement to the upside from 1.80794 (23.60%) to 1.84025 (78.60%) according to the 2nd Fibonacci sequence. From the retracement to 1.84025 (78.60%), the forecasted projection is set to be completed at (1.75766).
Whats up guys, back with another idea babyyyy, been dealing with some stuff is why im absent yet again. Life has been crazy but thats what makes us wiser, but lets hop right into this one: So as we can see, GBP has taken an extended drop and we can clearly see this from the hourly chart. Price wasnt being decisive about dropping until the very end of the trading...