Start of the pound recovery? Possible idea if 134.000 breaks
Last week GPBJPY broke down below a cluster of supports and presented a roughly 350 pip selling opportunity. Since then, the Pound has rallied and created a bear flag on the Hourly chart (as shown above). The price is now sitting at a long term support that has now turned into resistance. Any rallies from here will be good opportunities to short this pair....
Hi, We like being prepared and adapt ourselves to the reaction of the market in case it diverges from our initial cenario. Here we are looking at a bullish movement on the GBPJPY. Happy trading. HiZi.
Hi, We are expecting the Pound to be Bullish after the positive release last week. Nevertheless, there could be an opportunity to go short for a very little period of time.
Price completed a 3-wave structure, forming a flag pattern. This completes the corrective structure, and giving us a reason to look for a potential short trade with the upcoming UK Services PMI being a catalyst to move price. **Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is...
The pound is bouncing back at the moment, but remember we're in a downtrend, that means we must be patient to find a level of weakness to sell it back down, and the Aussie has bounced back too, so at some point one of them will lose and it will be the one that cannot sustain long term growth without indecision and with Brexit looming, that can only be the...
Haven't kept up with posting here as I could've guessed. Too busy pumping out signals elsewhere. Medium risk. Medium/High probability.
I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this! 142 is the target, but with eyes on 140, this pair is hard-work, so...
As we can see from the chart, the uptrend from last July has been broken and we've also completed a triple top pattern. The broken uptrend was retested and failed. Additionally, the Kiwi has been sold off heavily as of late and is bound to rebound. This is a longer term trade but the reward will be well worth the wait. Good luck and thank you for looking!!
The neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline. Waiting for a SERIOUS signal to confirm the break after re-test of the neck, remember, both these currencies...
Nearing the end of the month and accumulating several confluences for shorts, a pullback seems pretty likely with 38.2 / 1.775 being an ideal pullback zone We can expect further decline in the weeks and months to come but a long beforehand seems favourable. Will watch over the next few days
If May closes we have ourselves a evening star formation from resistance on the Monthly in addition to the MA crossover and a 2017 strong TL breach. A pullback to 147 can be expected and profited from counter trend traders before a well needed melt to the downside. Higher timeframes indicate a long overdue descent is expected in the coming months. 142,5 & beyond.
Volatility is currently low within EURGBP and we've seen the price ranging for some time now. We should witness a bearish breakout should fundamentals and reports back it up. If Bollinger bounce occurs, we will see price go bullish up to the 0.87900 region.
Two different targets: Long: 1.37335 Short: 1.33600 Do not forget the main idea posted on January 22nd. Learn how to beat the market as Professional Trader with an ex-insider! Next one on June 4th, Book your seat, just 25 available. Have a Nice Trading Week! Cream Live Trading, Best Regards!
There's still room to move down on this pair. First target: 147.444. Second target: 145.900. Final one: 142.200 Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
Going to 1.33600, where my old trend line is. However, keep in mind the idea on DXY. Learn how to beat the market as Professional Trader with an ex-insider! Next course on June 4th, Book your seat, just 25 available. Have a good Trading Week! Cream Live Trading, Best Regards!
Long GBPUSD with 3 target.