The previous idea "Strengthening the immune system" received a lot of traction and it is time for a quick update here ahead of the vote in HoC today.
Volatility remains very high in the cross, and after the sharp drop overnight the ladder has been cleared for a move back through
resistance at 0.8670.
Watching this very closely and we have the potential for a...
Here we are tracking a very similar move to before (see attached: "GBPJPY Shorts on Hourly Chart") on the hourly as bulls become exhausted and unwind their positions for the triple whammy votes this week.
Brexit continues as the driver of Sterling for now, on the UK side we have more votes coming next week so eyeballing a test of the lows beforehand. For those...
Here we can see from the Elliot wave perspective a good example of an expanding leading diagonal. The market is aligned for wave 3 in the sequence to the downside.
From a catalyst perspective, we have a vote on the support of an Art.50 extension today from HoC. This is likely to be approved by the UK today, what is not so clear is whether the EU will allow...
As mentioned in my previous idea, GBPAUD formed an harmonic pattern and a little pullback. However, the pair suffered a bigger pullback towards the reversal zone where it bounced. We should now see the pair dropping to lower levels.
daily downtrend has been exhausting after a push and is currently nearing a trend resistance level. Here i believe that price will start another push to the downside after the very big bearish engulfind candle last week.
GBP/CAD -- heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380!
Patience and timing were key to avoid heavy losses.
Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses.
Target 1 +160 points.
Target 2 +320 points.
Target 3 +480...
As expected… PM May defeated on her Brexit deal. Although a smaller margin than the first time, with highlights coming from David Davis switching sides and a softer Jacob Rees-Mogg.
Round 2 is in play for the House of Commons tonight. The house are voting on whether it supports leaving the EU without a deal. Markets are overwhelmingly expecting this to be...
At this point markets have priced in the support for a Brexit extension of at least one-quarter. The votes today and tomorrow are unlikely to affect EURGBP significantly.
We are still tracking the same break to the upside that we have been for the past few weeks. There is a chance of a small move lower here with the headline on the extension of A50, however,...
The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February.
A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing.
n the downside if this pair breaks below 1.3170 then it will open door for 1.3000 area. if it breaks below 1.3150 then i will look for my entry...
Trend-line joining September high to November high, at 149.00 now. But Brexit news can make this pair so volatile and it can affect our analysis so beware and take your calculated risk.
We have a very similar setup to that in GBPNZD (see attached: "Expanding Diagonal in GBPNZD" for more information on the technical side as we will not be covering that here).
As expected the House of Commons rejecting the idea of a no-deal Brexit yesterday (although by default unless there are any changes we are heading for this outcome so it still remains in...
Round 2 is in play for the House of Commons tonight. The house are voting on whether it supports leaving the EU without a deal. Markets are overwhelmingly expecting this to be rejected, leaving the possibility of a Brexit extension (round 3) tomorrow the most likely scenario.
Expecting a soft rally on the thought of no-deal being removed. A nice pipe-dream and...
We have some time ahead of "House of Commons: Chapter 2" later today so it is a perfect opportunity to start dissecting the moves in cable that have been traded live in Tradingview.
Our first position on the sell-side came in at 1.329 (see attached idea "Selling cable with incoming dollar strength") as we were expecting the highs to be set as markets finished...
A slight uptick in Euro PMI's is taking off some more of the pressure here and we are beginning to see a base forming.
Those looking to pull the trigger on a simple break of the trendline which will unlock a return to the previous upper range and also a re-test of the highs at 0.91.
Best of luck hope all are positioned appropriately for Brexit.
Good afternoon from the UK. Personally my favourite time of the week, Sunday setups. In particular I've decided to explore Sterling after its great momentum to the upside this week. With the possibility of a no deal Brexit being nullified this benefited several sterling pairs with 3/400 pip bull legs. Looking at GBPNZD from the 15/02/2019 we have a fibonacci...
