We are longing this pair based on :
- Broken trendline.
- On major and last support.
- Broken minor trendline within our major trendline.
- At the bottom of the channel.
- Broken trendline in RSI Divergence.
Doves should be singing @ the BoE monetary policy meeting. Depending on the ears the doves could be crying, fact of the matter remains being short until further notices makes the most since.
Double whammy! I normally ignore crabs, simply put I don't believe there is much value in the pattern, but I am a biased dollar bull in this moment in time. Hawkish Dove sentiment from the FED will bring the potential butterfly into fruition wwithout a doubt. That being said trade @ your own risk.
Fellow traders, We all see the massive tumble of the FX:GBPUSD and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol.
This pair is tremendously...
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...
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
