On the UK side, we are still on track for a NDB and loss of market access in the short-term. As long as the June highs are holding at 1.281x then I favour the sell-side, watch for 1.252x and 1.228x below as we enter into the ‘eye of the storm’. For those in EURGBP a simple leg from 0.900x => 0.913x is in play to kill the week.
📍 EURGBP What are we trading here? A counter any false conceptions that we will see a Brexit deal. All headlines produce an immediate effect for trading: wait patiently and quiet and justify fades: Here the static weakness of GBP can clearly be recognised. Any idea of pullbacks into support will be short-lived. These remain our key loading zones with...
Stock has seen a breakout from the 3 month range in yesterday's session. The breakout happened with good volume as well. RSI is also in alignment with the breakout. Now if stock sustains above 2400 levels, there is high chance it is moving towards 3000 and 3300 levels. Trade type : Positional Risk Reward :
The long run positional struggle for buyers which comes from their immobility to find positives in the Brexit debacle. It is extremely important to note the coming years of UK growth are harmed via the presence of protectionism, the fundamentals have widely been discussed here: With Brexit headlines entering back into play, focus will shift towards NDB...
📈 Failed to breach through the highs, but the fight ain't over yet! Downward channel identified. Seeing a lot of rejection at this channel top as we approach a critical level of support at 143.47. You want to long when the downward black Resistance gets cracked. Otherwise short 143.47 break and see if the bottom channel support holds. Critical to use the ema...
This share closes today at its top price $155.51, for the first time of history. I think we have a good support at $154. If the share moves up above $154, then BUY. It would have a potential to hit $160. Like and Follow to see more. Johnson & Johnson is an American pharmaceutical company founded in 1886. It produces pharmaceutical and medical devices, hygiene...
Limited coverage lately as @ridethepig is spending more time on calls these days than in my entire career. Trying to get a sense of productivity, expectations and capital structures before making further comments. On the UK side, the mood is low and with PM Johnson still in ICU it does not look good. All rallies should be sold in cable towards the highs in the...
Here tracking 1.295x as the level to recycle and load more shorts. Well done those following from the original short-term swing which was triggered on the cabinet reshuffle (see diagram below). As widely expected GBP suffering as markets began to look towards the EU negotiations kickstarting in March. Both sides are very wide apart and no-deal Brexit looks set for...
A weak session for EURGBP, soft hands continued to bring better sellers in from leveraged accounts and yet the important 0.8300x support still held. I am once again in BTFD mode as pound remains more vulnerable in the entire process as a result of financial services replacement. Risk markets will put more pressure on GBP in general over the coming sessions. Here...
A timely update to the FX strategy for GBP with particular focus on Cable. On the UK side, we have loud messages from Europe around the difficulty for both sides to reach an agreement by year-end. Although typical in a game of high-stakes chess, this is a heavy weight on Sterling. On the US side, a solid round of data prints last week from wages to...
The power to breakdown has been developed knowingly and systematically, unlike chop/consolidation which frequently occurs. The effect of the breakdown is heightened by BOE turning very dovish and calling up for Sterling devaluation, which in their eyes must be required for offsetting the loss in UK market access. Compare the following two diagrams: Sellers...
Yesterday Boris Johnson turned British politics upside down. By the way, labour market data came out mixed. On the one hand, claims for unemployment benefits increased (+ 28,800 versus + 26,400 in October), and on the other hand, employment rate was higher than expected (24,000 with a forecast -14,000), and unemployment rate turned out to be better than experts...
A very simple trigger for those wanting to cover some shorts from the initial elections entry; the key 1.315x support is holding and pressure has been completely absorbed. We are trading the bottom of the clearly defined range from the elections; 1.315x <=> 1.355x and markets rather than going overboard on risk will want to keep their cards closer to their...
GBPUSD rejected at 1.35xx which acting as major resistance after the country went back on the leadership merrygoround. Here actively selling into all rallies in GBP crosses, although there is a caveat to Pound shorts in the immediate term. With Johnson and a ruthless Downing Street in full control of the press and hitting the “right” headlines the positive...
UK Election Chartbook With longs already getting nervous ahead of the exit polls, let's get started by digging deeper on the political side first...For all those tracking and trading the main event this evening we have only two realistic scenarios in play which makes capital flows easier...
Pound continues to be hijacked by politics in “election mode” with GBP trading higher on the Conservatives lead in weekend opinion polls. Overshooting the resistance here is cascading soft stops although momentum and sizes are not impressive and here I look to fade the highs and trade back to the inside during the election campaign and into the new Brexit...
As widely anticipated over the weekend Conservative lead widening and reflecting in Cable strength. The 1.292x - 1.282x remains of interest to me, here expecting 1.30 to hold ahead of elections as momentum in Pound looks apathetic at best. The "People vs Establishment" narrative continues to pick up steam: This sadly is a necessary component in the collapse...
Accurate *BUY & SELL* Signals with *EndBuy & EndSell* Signals work with all markets and all time frames.