With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our ...
=> The fortress to the real economy has been battered, bruised and left with more than a fat lip. In this idea we are going to be digging deeper into the technical side of the chart so that we can begin to get in sync with algorithms and how they are reacting to Brexit.
=> The initial selloff from the vote in August formed a 5 wave correction which is underpinning ...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=138.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of ...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the ...
Considering all the news, the pound didn't move as some experts thought. May is alive and walks in any "exit direction", but the biggest problem is the sterling which has no clear direction at all, so here's the point, why would you buy dollars? We can't blame Theresa May because a bad deal, indeed, she can't do so much if any deal is considered as not fair for ...
Hi there. Price is moving impulsively from the top of the pattern. If you are not in, wait for the price to form a continuation pattern and watch strong price action for sell. Just be careful trading pound pairs, tuesday is parliament brexit vote day, price can go up or can go down. So, be careful.
Would of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
GBPCHF is been currently overbought on a lot of timeframes, while the pair reach the strong resistance at 1.28600 ~1.29000 zone which is the current 61.8% fibo retraction AND EMA 50 as well ( weekly timeframe ) .
This might be a good opportunity to short this pair with a S.L above the current resistance (1.29 zone) aiming the next support at 1.27500 zone and ...