GBPUSD Two short Targets to trade. Sell now at 1.29969 > TP 1.29490 Buy low and TP at 1.31337
Afternoon traders, I trust you are all enjoying your weekend after an insane Jackson. Apologies for not getting to post this sooner guys... Ahead of next weeks PMIs and NFP i'm adding looking to add shorts on cable, firstly, congratulations to the beach club who managed to catch the 1.32737 shorts with the spike - sterling bulls are in trouble if economy does...
Wait for price action at bottom before long entry
In last few hours it fell down like a rock, indicators will be oversold soon and price will somehow reach near trendline where on positive price action i will look for long otherwise not interested
GBPUSD can trick you to follow downtrend, but i only see here some big spikes to up and nothing more!
I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD. 15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows. To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's...
I closed 2 short positions and I still have 1 left. When price reaches this area, it's time to make a decision to buy or sell more. Follow your trading and money management rules please. Share your thoughts, ideas and feel free to ask questions.
GBPUSD Long from now! Dont ask me how, just trade it!
Last week, Yellen stated that positive US reports have opened up the idea of a rate hike in September and we will need to see more positive US reports for the rate hike to be confirmed. This acted as a huge catalyst on Friday allowing the US Dollar to break TL on most pairs. As it stands the Dollar is looking bullish with investors waiting for US reports to...
Happy weekend traders! Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire. Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels Above 1.3210...
GBPUSD trying to go bull.. If go up, target is 1.31400 or maybe higer 1.31550
Daily - We can clearly see a descending broadening wedge, which makes this pair Bullish in long term, however I would like to see this pair hit the bottom of the wedge before it heads up, if we do break the blue trend line, its a safe to say to sell after a small consolidation, if we don't then we shall continue heading up. 4hr - The 4hr time frame also shows a...
Just a little food for thought... 4HR cypher pattern hidden behind a blatant H&S pattern. Any takers?
Hey Traders, I'd really like to know what any Faders think about about this chart. July 2016: Lowest Low Recorded Ever. What do you think is next based on your experience and expertise. All opinions are welcome!
Pivot: 1.3235 Most Likely Scenario: short positions below 1.3235 with targets @ 1.3100 & 1.3045 in extension. Alternative scenario: above 1.3235 look for further upside with 1.3330 & 1.3425 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.3235.