The pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.4144, up 0.20%. The Scottish National Party (SNP) handily won the Scottish election, but investors sighed with relief as the pro-independence party came up just short of a majority. This means that plans for another referendum on Scottish independence may be delayed,...
I am expecting to see a double tap manipulation here around this key psychological level before we see a plummet to the downside. Ideally, your SL needs to be at 1.40435 to secure this more. To learn more about this trading concept visit our YouTube channel.
After catching that phenomenal long position on GU, I would now like to sell this move down after the resistance stop is complete.
- UK Interest rates to take a negative hit - Corrective double top on the weekly resistance - Daily Evening Star -I n a short term down trend within an overall uptrend - I want to see a break of the 8H counter trend line - Price ranging within a daily mother candle - Targets 1.27700
This is an idea for an intra-day trade on GBPUSD, if we manage to hold above the previous small resistance level then we can consider a small buy position into the next key level marked. It is quite obvious that GBP has finally reacted to the beating it was taking and on the lower time frames, you can see that price has begun to shift. IG Client Sentiment - 52%...
After watching how price has developed over the last day I am more inclined on a buy bias on this pair. I will be waiting for a confirmed close above the resistance and the key level marked before I place any trades.
Now a short play after the breakthrough of the supporting trendline makes a lot of sense. Price retested the trendline as expected to trigger the order for a bearish run. Order triggered The order: Type: sell-limit: S/L: 58 pips - R:R | 1:5 - T/P: aiming at the resistance level
-Will we see the retest and the continuation to the downside? -I am looking for a daily head and shoulders retest of the neckline. This could take place over night or during early London session due to the UK fundamentals first thing Tuesday morning. -We then need to see how price reacts around the 1.22500 level which is a weekly support level for me and a H4...
Hello Traders The previous forecast for GBPUSD came true and the price went up from the level of 1.278 to the level of 1.289. Now I forecast a drop in price to the support line at 1.28
Looking to sell GBPCAD from the 3 positions. Targeting the target area.
IG sentiments show 72% of clients are holding a long position, which implies a potential breakout to the downside (retail traders are wrong for the majority times). British Prime Minister Teresa May said that if the parliament does not support her plan in the December vote, then the differences within the country around the Brexit will intensify. She said the...
hi all of my friends here is our first target for gbpsud we have domiante on market
GBPUSD Short at 1.3537 stop loss 7pips target 20pips
Let's see this scenairo play out. Lure the people on the false breakout north, then slam it into the abyss.
GBPUSD just broke A HUGE BEARRISH MOMENTUM, meaning that it is finally BULLISH for a few! Lets target 1.36 then 1.39 =) -- Simple trade Make sure to LIKE and FOLLOW for more charts ideas =)