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...
Pound yen long is what I see at the moment Happy trading Kris
Hi everyone I see the pound aud hitting the following tp if we don't see a further break down further of this market . Happy trading Kris
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...
Pullback anticipated Further decline expected at retracement levels / previous high W formation at support indicating a potential bullish expectancy
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...
If we're able to come into buy zone this is a substantial r:r potential setup
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.
Red Balls = Targets? As we see, the price is breaking the box of tiny consolidation to go higher, but strong enough to hold it? We have trend resistance, 200 MA (red line) and double top (dotted blue line). Enough? Just >1.2% bearish. Tradingview followers have a half-price discount on my Forex Primary Course just for April. Only 25 seats available Learn...
Gbpusd formed a heads & shoulder pattern + broken neckline + broke out of an ascending channel in H1 timeframe Wait for 2nd retest to neckline + broken Trend line for shorts
Hi guys, as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I...
I see this pair to be creating the elliott wave structure upwards. It appears to be making the fourth wave, and I have drawn the fourth wave down to the lowest possible point it could correct to. If price action passes the fourth wave marker then this count is incorrect. I also noticed that the Fibonacci retracement marks the 61.8% very close to where I drew the...