BREACK ABOVE WEEKLY RESISTANCE WITH MOMENTUM
GBPJPY has hit the monthly bearish target early in the month and so we are expecting to see a nice rally up to the 134.000 level with a potential 500 pips on the table. We have a nice 4 hour bullish engulfing candle so we are waiting for price to pull back into support before looking at long opportunities going into tomorrow. Stops will be below the low and as...
*Yellow MA = 200 EMA | Blue MA = 100 EMA In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities: 1. We bounce off of more...
-LOOK FOR A FIB RETRACEMENT SHORT TERM -TWO DOJIS AT THE END OF A DOWNTREND -MONTHLY RESISTANCE HOLD STRONG CURRENTLY -NEGATIVE NFP FIGURES FOR US COULD SEE SHORT TERM GBP STRENGTH
Hi traders.! We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years. There are several reasons for the Cable rebound tomorrow. - The cable is reached major buy zone today. - FED's rate cut is expected tomorrow. This will likely move DXY down. - DXY is forming a triple top, supply zone @98.2X...
The Sterling is struggling with the Brexit and a new deal, but the interest rate won't help so much, in fact the free fall could break a very important level at 1.1917 and go thru 1.1344 and so at 1.1163. Calm down, that's the scenario if we break 1.1917 only. At the moment, this currency looks good but could turn boring at any time. Do you want to know more...
We hit support line on the macro time scale, falling wedge idea failed, however strong rejection from 131.8 so we should see a bullish reversal
Those who have been following the latest Pound trades will know we are already on the sell-side here. Here is the latest wave count on the weekly chart, we are playing the range set between 50.0% - 76.4% of the retracement leg since the January 2016. Dollar strength is coming via yields so we have large money on the move here, the leg will be fast and...
British Pound is expected to have its new low at the trend line or very close to it. If you have a sell on this pair then your tp should be at 1.215-1.22
By Andria Pichidi - July 29, 2019 Sterling has started the week under a lot of pressure, which follows weekend polls showing, in one case, a 10-point “Boris bounce” swing in favour of the Conservative Party. This will up odds for the new prime minister calling a new election, which he needs to do, and win, if he wants to strengthen his negotiating position with...
GBPUSD has been in a decline for a while now Boris Johnson elected as PM - more confidence in shadow of Brexit dilemma US Fed rate cut expected - Dollar expected to weaken RSI divergence Falling wedge identified
By Andria Pichidi - July 23, 2019 Brexit will leap back to centre stage now that the new UK Prime Minister, Boris Johnson, has been selected. Already Moody’s and Goldman Sachs’ analysts, among others, have warned of an increased likelihood for the UK leaving the world’s biggest free trade area without an agreement on divorcing terms or an outline of new trading...
EURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has...
DAY TRADE - EXPIRES AT 9PM UK Trade Idea Trading within a Bearish Channel formation. A break of bespoke support at 1.2341, and the move lower is already underway. Bespoke resistance is located at 1.2387. The bias remains mildly bullish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to set shorts at...
Description on chart.
Pair has been in a bearish trend for weeks now. It touched the lower line of the weekly uptrend channel. Weekly looks bullish. GBPAUD should retest or start a bullish swing soon. 1H chart, 1 bullish pinbar has been formed. Hence, we now buy the pair. BUY at 1.7690 SL: 1.7650 TP1: 1.7980 TP2: 1.8100 Subscribe to my free telegram channel: t.me/rnxcrsignals