GBPUSD new high momentum is expected to rally toward the 1.3100 price range .
Higher lows price action pegged at support levels of S3= 1.272 and S2=1.260.
H4/D1 short sellers can take advantage of the S3 and S2 price action downturn, subject to D1 market volatility.
GBPUSD uptrend indicators signal a strong bullish market sentiment.
SHORT PRICE TO MEDIAN LINE
Uncertainty on US-SINO TRADE DEAL. TRUMP RELUCTANT TO ROLLBACK TARIFF.
EXPECTED BETTER CPI AND RETAIL SALE IN US
China's producer price index declined by 1.6 percent year-on-year in October 2019.
LOWER Euro Industrial Production m/m
PRICE RE-TEST AND CLOSE ABOVE MEDIAN LINE WILL EXPOSE TARGET PRICE TO 110.00
The biggest driver of currency flows this week are US / China trade headlines. Early on the outlook was grim with talk of the phase one trade deal delayed to December. However sentiment shifted dramatically overnight after China's Ministry said they agreed to lift tariffs as the deal...
Same Shiff Pitchfork as posted earlier in my Idea linked below is still dedicating the short term swings correcting last week's 43% pump.
Hey guys, let's agree at least that this pump was worth its money, even if we retrace 50% in a few days. I mean come'on guys, I have been trading Bitcoin since 2016 and this is completely out of the ordinary. In fact, at this...
Double confluence with the 1.272 Fib and blow off the top exhaustive candlestick after earnings. Last two earnings, we saw pops as well followed by weekly drops. I would like to see AAPL hit $258 before shorting back down to EMA 20. Purely technical setup not fundamental.
My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)