Another lunch update, My other idea that ill be trading. By the way, I take all these trades on my real account. However, this is not a signal, just an idea. So trade at your own risk. Remember to keep the risk managed.
Lunch update! This is my gbpcad long idea, and something ill be personally taking. So we have lots of divergence showing up here and the gbpcad is obviously showing some bullish momentum. This is a idea and not intended to be a signal. How ever if you do chose to trade it, use proper risk management!
The highs we are currently testING haven't been broken to the upside on higher timeframes since May 2016. After such a heavy bull reaching yearly highs again, we do need a push to the down side. Two target points initially for me are: TP 1 - 1.8600 TP 2 - 1.84500
AFTER a bullish weekly closure and testing price above the crucial cable 1.3000 mark, I am looking for further upside momentum. After NFP friday's surge we are experiencing a pullback/retracement. I am looking for my 61.8% fib to be tested with some signs of candle stick reversals around this level at 1.30600. I am looking at my monthly resistance to be met at...
Morning! Havent posted anything in a while. I thought id start off with this nice high probability setup.. If the candle closes with that much bullness ill be going long with a 1R reward. This is in an idea and not to be taken as a signal. How ever, if you do. Practice proper risk management! Cheer :D
After a ascending pennant break to the upside I will be looking for a retest/pull back on 40/50 points from this price currently then a 300 burst to a weekly trend line and monthly key level
The crowd may be right on their net long position for a few reasons. Price action has hit support while the Chaikin an stochastic oscillators suggest the pound is severely oversold. The UK is ready to gear up for EU Parliamentary elections on the other hand. Since the center left and center right pro-remain parties refuse to coordinate for an electoral and...
1, HEAD AND SHOULDERS 2, WEDGE PATTERN 3, RSI 4, PRICE FAILED TO CREATE NEW HIGHS 5, TARGET FOR H&S IS ALSO MONTHLY SUPPORT 6, NECKLINE OF H&S IS ALSO A STRONG DAILY SUPPORT
While a falling wedge is forming over the past few weeks, the UK was just granted an extension until October of this year ensuring that we are all continued to be bored to death by it until then. In all likelihood, there will be a general election before then and perhaps a new government controlled by Jeremy Corbyn. God knows what he'll do with this mess. At any...
The EU has made it clear that they are no longer interested in shorter extensions. Therefore, its either no deal or a longer extension which could be many months to almost a year. If this is the case, I would expect a significant rise in this pair as it would significantly alleviate the risk of the UK leaving the EU at all. May never come to fruition and we would...
Today, I'll be starting on technicals and end off on various fundamental factors. So, starting on the 4HR timeframe, we've seen a range of lower lows and lower highs being created with our most recent lower low being formed around the 1.82600 price region. We are now of course, anticipating a lower high to be formed in continuation of the downtrend. The daily and...
Here is a shorter time frame shot of my long term Cable trade (GBP/USD). Thought I would share this 15min time view so you can see an easy set up in my opinion* down to 1.30 support lines. Obviously we have plenty of room to go either side for now, but the trend analysis and patterns on my side seem to indicate again in my opinion that now is a good spot to short...
Macron convinced the Spanish and Belgians in supporting his stance on not allowing a long extension beyond April 12th, just five trading days away, without a meaningful signal by the UK Parliament in asserting what kind of deal they want to leave the EU. While Macron did suggest a short extension beyond the 12th, it is not clear when this would be. What is clear...
Havn't made a comment on GBPUSD in a bit mainly since just needed to sit back and see what the developments were. As expected, nothing new has happened while the odds of a no deal Brexit on April 12th are now noticeably higher according to the betting markets. The pound hasn't reflected this reality yet mainly because a deal is priced in. Dramatic volatility will...
Brexit. Its kind of like a bad tattoo in that it never goes away, yet was almost immediately regrettable. Unfortunately that continues to be the case this week with Prime Minister May meeting with opposition leader Jeremy Corbyn to etch out a deal for the House of Commons to pass her bill which has already been rejected three times. Much ink has been spilled and...
GBPUSD We finally have some clarification for one of the biggest market risks – Brexit. The no-deal Brexit has been blocked in the British Parliament. This sent the pound higher and provided stable footing for traders to speculate from. Additionally, Prime Minister Theresa May has reached out to the Labour party’s Jeremy Corbyn for support. They used to be enemies...