short GBPUSD @ 1.2995 for a target below horizontal support. Cable has a lot of downside potential and if the dollar gets cracking then it would be easy to see 1.29.
Hello Traders, Price is forming trend continuation pattern, ther is no momentum to the upside. Look for sell as much higher as you can. Good Luck! Cheers, Jonas
Hello Traders, Price is forming a reversal pattern at the top and we started to see divergence on macd. Look for sell as much high as you can for the next impulse to the down side. Good luck! Cheers, Jonas
Hello Traders, Price is forming trend reversal pattern. Look for sell as much higher as you can. Good Luck! Cheers, Jonas
sell@1.28611
buy @0.83616
sell @ 1.25541 nice daily resistance around X-level as protection
buy @ 0.86618 nice daily support between around D and X (0.85-87) for downside protection
sell @1.26326. There is nice upside protection from daily lows asking as resistance around X. Also this is a good opportunity to hop on the downtrend for trend following traders!
buy @ 0.88146 - nice way to hop on the uptrend for trend following traders!
sell @1.66634 - strong daily resistance at X for protection. Nice opportunity to hop on the downtrend for trend following traders!
short @1.67415 - Nice opportunity to hop on the downtrend for trend following traders!
As expected BOE stood pat on their rate decision reiterating much of which was said last week by Gov M. Carney, the need for more analysis to be done is/ was key - " "Detailed Analysis" of All Policy Options Required" and "Extent Of Additional Stimulus Will Depend on August Forecasts". IMO the notes were very bearish and almost but 100% chance of some sort of...
1. *Id say a 6/10 dovish reaction by markets, GBP falling across the board & FTSE gaining. Carney seems contempt with a lower GBP and is happy to continue talking the currency lower in an attempt to use the exchange rate mechanism as a leading instrument to buoy UK economic stability (GDP, CPI, Unemp) against the potential Brexit backdrop; thus I continue my view...
UK EU Referendum (Brexit) vs Scottish UK Referendum Price Action Forecast: - We will use the difference in ATR and volatility between the 3-day run up into UK EU Referendum (UER) and the Scottish UK Referendum (SUR) in order to forecast what we expect price action to show on the 22nd, 23rd and 24th. 2014 SUR 3-DAY EVENT (17,18.19) 1. 1-Period ATR for the...
Wanted to post a quick message telling people to sell the rally for 100-200 pips dependant on how quickly you get on the short.. Volatility is trading lower (as we expect in a rally) however it WILL pick up again/ reverse once it bottoms out - which i think is now! The trend for all GBP pairs is LOWER hence dont fight the trend with longs INSTEAD when you see...
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense SEE PART 1 ALSO GBPUSD historical Price Action The findings of previous the attached "Price action history posts" led to the conclusion that referendum history clearly wasn't repeating itself however IMO because this is the case it has opened up...