Long Term Bearish Short Term Bullish Only Time Will Tell
I opened short position on 1.2866 and it SL is 1.2886 - 20pips. Short stop and good volume can be used. TP - 1.2710. Far target but interesting. So RiskRewardRatio very good - 8.65 but i think that it is not achieved simply. Lets try catch profit :)
GBPUSD Target Entry Sell @ market SL @ 1.282 TP @ 1.2600 RRR min 1:2 Trade at your own risk
Price seems to have respected the downtrend channel by forming a bearish engulfing candle illustrated in orange. Price could make yet another long drop toward the support trendline of the channel. Best of luck!
So, we have a standard Head and Shoulders pattern, and we are currently at the Right Shoulder, "almost" at the end of the pattern. Price is currently inside a Box Area, containing many Supports and Resistances from a while ago. In the RSI , at the current moment, price may be confirming a Trend-Line, right after a Bearish Divergence. A Bearish Divergence is...
Target 1 hit - channel break measured move Target 2 - next key price level Target 3 - measured move from previous range break - coincides with 0.236 fibonacci retracement Wait for break below 0.382 - supported on lower time frames Supported fundamental analysis - rising dollar
Fundamentals:- We had quite a turmoil last week with the trade war possibilities and then at the weekend with the strikes on Syria. I was up in arms about what to trade this week when I realised the Retail sales figures for the US on Monday are expected to come in much better than previous. Not only that but the strikes on Syria are supposed to be a single message...
Fundamentals:- As posted in the last trade signal we expected the GBP/USD to sell off. Due to Brexit pressures and the US moving further away from a trade war it is likely we could see a further sell off in this currency pair. Technicals:- As you can see from the Chart I have put a fibonnaci retracement on the recent downturn which give a 50% pull back at 14150....
Hello Traders, This pair needs more time to correct, watch price action at the top of the continuation pattern. I need to at least see overbought conditions on RSI. I will manage to sell as much high as possible. Good luck! Cheers, Jonas
Hello Traders, I hope you guys enjoy this impulse. There still a lot of room to the down side. Now watch for trend continuation pattern to sell it, same as the previous one. Good Luck! Cheers, Jonas
Hello Traders, It looks like price has found a top. We have the impulse and now price is forming trend continuation pattern. We aslo have nice divergence on macd, perfect short setup beeing form. I'm looking for sell as much high as possible. Good Luck! Cheers, Jonas
The long range Weekly TF looks ever more BEARISH for the GBP. The TDI sees the RSI crossing south over the upper volatility band and the signal line. From here a move back to the market line looks inevitable and this means this pair (and all GBP pairs) are likely to be headed lower. The DTF seems to confirm the BEARISH picture with price over 200 pips off recent...
Good Evening Traders, Cypher Pattern has completed on the GBP/USD. The 14- Period RSI is oversold adding to the confluence. TP - 1.23706 Follow me on Twitter - @BrightForex Thanks and Good Luck! Ike
Good Morning, Afternoon and Evening Traders A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently...
Following today's Service/ Manufacturing PMI miss (worst contraction in 88 months - since 2009) the Sterling market has come under significant pressure as BOE rate cut expectations increase with OIS rates markets pricing a 94% chance of a 4th Aug cut vs 85% before the PMI's were released. Further, the PMI misses has attracted attention from UK Politicians e.g....
Reuters Analyst Expectations: FOMC 1. IMPROVING DATA POINT TO SEPTEMBER RATE HIKE - - The Fed is very unlikely to spring any surprises at the upcoming FOMC meeting, which concludes next Wednesday 27th July, but a September rate hike is a distinct possibility. The statement next week should acknowledge the apparent pick-up in second-quarter GDP growth,...
IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...