🔸 An 'ingenious' saving move from Europe and finally they are able to get debt mutualisation through. It will be very bullish for EURUSD in the Medium and Long term horizons, although the ST will become a lot more cloudy via Covid as we enter into the Autumn / Winter for the Northern Hemisphere.
I prefer to play EUR on the crosses and vs. GBP is a no-brainer...
GBPUSD www.tradingview.com - DOWNTREND buiding progress
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📍 The following position comes after a temporary concession break of 0.90x strong support. After sellers came crumbs away the first time, buyers felt at liberty to allow the breach and trap more on the counterplay.
The mysterious trap is coming and buyers wish to occupy the 0.90xx handle rather fast to rule out any cheap entries. At the right moment, we can...
Pound has been recovering for some time already, but since making double bottom pattern and forming new/old support at key daily confluence level we got that much wanted last swing high breakout. Pair is aiming towards 1.84 level, which is next vital area to look at.
GBP is banking some gains since equities and markets cheer risk on sentiment. Aussie seems to slow...
Short Opportunity July 7th CONT.
Here after review on the higher time frames I have found reason to anticipate a bearish day for the GBPUSD currency pair today July 8th, 2020.
As stated on July 7th, I have found a supply/ resistance zone along with price action indicating a significant rally approaching from the 107.500 level.
Continued throughout today price...
Welcome to another post of Elliott Wave analysis, I truly love analyzing charts using the EW principle. If hope that y'all can benefit from this setup.
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Cheers to many pips.
📌 The affinity between 'resistance' and 'overextension'
Light and summery flows continue with GBP in purely technical moves.
Very little to update on the fundamental here; a weak macro and political picture persists as activity remains incredibly low in the absence of confidence. There’s a lot of support stacked on the 0.90 🔑 pivot in EURGBP and 1.252x in...
What are we trading here?
A counter any false conceptions that we will see a Brexit deal. All headlines produce an immediate effect for trading: wait patiently and quiet and justify fades:
Here the static weakness of GBP can clearly be recognised....
Lately, the market has been somewhat bearish on the Sterling but we are approaching some very interesting levels across all GBP pairs.
Looking at Cable - the technicals are suggesting that we may see a shift in momentum following from this latest bearish leg. Depending on your style/strategy, there would be multiple ways on how to enter this...
As u can see in the chart and my analysis, price was already at the strong key level for reversal. To make my analysis more strong the D1 chart also have form the perfect bullish engulfing as a alert before price make a rally. Goodluck guys and happy trade. Kjndly text me on my personal telegram account to join my channel for signal.