That is my positioning on GU. It didn't quite hit the 1.618 extension so I would allow it to break the low to that level. My stop under the quarters hesitation zone. We will either get a flag probably 23-38% for another sell, or, being GU, it could just keep chopping up to 62-78% collecting buys and taking them out. I will TP 1 at 23% andjust let the rest ride and...
GN broke out and corrected, gave you Londoners a nice buy. Entering right this second extended like that, not the greatest risk to reward. But it looks like it is in an uptrend and if it continues up in this pattern, both sets of trend fibs are lining up for it to break the major high. It may want to come down and correct. Pound pairs might retrace this morning,...
At the moment undecided with this pair don't know where this pair will break: so I'm leaving this pair and looking at others : once we see a clear break I will let the market come to me and then I can decide what the best strategy to use is
Happy trading Kris
The Pound has well and truly lost its shine, having fallen over 2% from its post-Brexit high of 1.4377. Losses continued for the currency after some relatively cautious comments from BoE Governor Carney who acknowledged the recent mixed economic data, while he also suggested that the May meeting is not a done deal. Market pricing for a May rate hike is just shy...
this is what I currently see pound cad doing at the moment , however the market may hit either orange tp short and start breaking up higher as the main trend is still bullish: so in my analysis this market going down is just a correction for the major market going up
Happy trading everyone Kris
any questions let me know
EURGBP broke down through the consolidation support level only to return back to consolidation again.
This forex pair has been in consolidation for some time now and rarely trends, but when it does trend there
is usually a lot of profit for the taking.
At the moment, price is above the Weekly 200 simple moving average and below the Daily 200 simple moving...
Hey guys,
like I was expecting, there was a bullish intra-day run on FX_IDC:GBPNZD , unfortunately price did not reach my planned entry level @ 5m pivot point, so no trade for today.
Feel free to contact me if you're interested to know more about my trading strategies, I'd be glad to help you to become profitable
Short On This Pair Coming Really Soon Guys!
Right, I've been looking at this pair for a while now guys.
I believe that we're in for a lucrative short here guys, prices could head to lows of 1.39000.
Let's wait and see what will happen next!
TP: 1.39000
This is a Wyckoff topping pattern.
We are going to unwind the move that led to the rally in EUR vs Sterling.
Brexit fears have been price in on the most part, and the Eurozone is looking pretty weak, if not for the ECB propping up the currency with QE still.
I do not think this propping up will end, either.
As the markup demonstrates, GBPAUD has double topped on H4 and has been in a consolidation for more than 3 weeks. Aussie has held gains even with Gold falling but I believe this is partly due to Crude rallying (as the Aussie is a commodity strong currency) and dissipation of trade war fears. Taking the simple technicals and overall market fundamentals into...
The Pound/Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The Swiss Franc is considered a benchmark safe haven currency due to its history as a refuge for wealthy individuals from foreign shores looking to safe guard capital. In turn, the British Pound is one of the premier reserve currencies and...
I BELIEVE THAT PRICE FOR GBPJPY MAY LOOK LIKE IT IS MOVING SLOW BUT IT IS CREEPING ON A BIG BEAR RUN. THE FACT IT CANNON GET PAST THE DOTTED (WITHOUT THE ASSISTANCE OF NEWS) I STRONGLY FEEL LIKE THIS PAIR WILL HAVE A NICE BULL RUN.
