GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding...
Managed to get a nice entry as you can see on the chart but missed the reversal at the triple bottom. Interesting to see if the strong white trendline breaks, if yes then I see this pair to go around 0.86. 1:10 RR looks good. You can have a safe entry if breaks the white trendline, then maybe wait for a pullback to the trendline and look on lower timeframe (30m...
I'm posting this trade set-up a little late sorry!
- GU has been on a bearish trend for the past 6 months
- GU is heading down to 1.33500 to make a double bottom on the daily timeframe
- GU is preparing for a big bullish reversal soon
- GU could potentially start heading up towards the end of this week
- Watch out for FOMC news tomorrow
Hope the markets are treating you all well.
Here's my analysis for GBPUSD, price action has rejected the weekly support. I believe we can see a little bullish push up towards the daily resistance and 78.6% Fibonacci level; before price, action follows market structure.
I have shown my risk management on this trade, I only risk 1% per trade.
Please comment...
The Pound is getting a boost from traders who expect the Bank of England (BOE) to hike their interest rates on Thursday.
Markets are split, with most expecting no change at this time, but CME Group's BOE Watch Tool shows that markets have priced in a 55% chance for 15 basis point rate hikes.
It might be enough alone, even without any other actions taken by...
The GBPUSD is within close proximity of the 200dma, and just below that was today's highs at the 50% retracement at the 1.3829 level. Overnight, the risk may be for a probe into the 200dma, but the bears may attempt to hold the 200dma to keep the Sterling holding lower highs, which is essence is keeping the bearish trend in tact near term. A move below the 1.3700...
any pullback on the pair GBPUSD will be a good opportunity to long.
if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen.
will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!
The British pound has found the bottom. Time to open long positions. I think that a full recovery awaits us by the end of next week, at the end of this week I expect the beginning of a correction. Don't forget to subscribe)
uk afected from some serious shortages lately: petrol, food, truck drivers
usa will have to start easing their QE policy rather sooner than later.
entry at 1.36 retest and at neck line retest.
possible entries at resistance retests.
tell me what you think.
Hello my beauties.
I think that the cable has just broken a massive falling wedge. I believe it might kiss the trendline goodbye before leaving for good.
If the pattern is set to complete, the opportunity could be massive.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider...
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis .
1% Risk - 2:1 RR
The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up....
As we can see from the chart, GBPUSD has been respecting the highlighted zones well.
I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.
