Good evening Traders, Now, after all the FOMC jazz, let’s have a look at the sterling-dollar. GBPUSD is in an intact uptrend from the 2017 lows making higher highs and higher lows. Which is an indication of a bullish trend. However, don’t get fooled. In the weekly chart, the GBPUSD is bearish and every up move you can see in the daily is just a correction. ...
Pound looks a bit weak, but at the end of the day, is it strong enough to break the box and where? Large downward potential, >1.52% bearish. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
I love crypto but i love forex too , so let's talk about the pound against the australian , from more than 1 month is moving inside a rectangle , waiting for a breakout , i love this kind of situations , cause looks like the '' calm before the storm '' if a breakout should occur the move might be really fast ! So watch that closely in these days.
Looking at the 4h Chart of the GBP versus Australian Dollar we clearly see a triple top. Price is always testing the 1.84714 zone. This gives us a nice indicator for a trend change on this chart. Looking for a short in this scenario we also see that the RSI is showing price weakness. Our take profit is at 1.61780.
A list of bearish Signals: Hidden Bear Divergence Top of BBands Existing Downtrend Rejection of Resistance after upward retrace
The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of...
Hi everyone this is what I see at the moment with pound if this markets changes from this situation then I will need to reassess Happy trading Kris
Inspect PRice action at this 88.6/161.8 confluence level of the Bullish Shark Goodlcuk
Pretty close to the resistance level where seems to have the real chance to see an upward move, but would be nice to see a clean entry point first. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
With the recent bearish action the Pound continues to show weakness. The major resistance at the Monthly Pivot Range has held but now we need confirmation to see if the price will hold at current lows as we are approaching a test of this level at the time of this writing. The action to take is to place a sell order to enter the market short if the market trades...
Still into the zone, but 2 different targets, it seems to be going lower before taking bulls and an interesting battle booming out though. If that's the case, a short position first. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!
GBPJPY has been following this channel for a while. as you can see whenever it does escape the channel so far it was come back. When it starts reaching heavy resistance then we may see a shift in the channel. Keep in mind GBP is getting out of the Brexit Zone and back into normal territory for the pound which is usually much stronger than most currencies. we can...
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...