Here we are zooming in for those wanting to track the initial move in this large leg on a small time-frame. Those who follow the account here will know we recently uploaded a Daily chart on GBPJPY with shorts all the way to the bottom of the range. Here we are showcasing an initial impulse move down at resistance. For a more detailed breakdown on the macro and...
A very quick idea update here after a conversation with 'ikovachky' in the Forex chat room. We are approaching the end of the road with Brexit and timing wise it is finally time to get to work on selling the currency again. The Pound is only going one way with a Hard Brexit and if you are a believer in the bearish UK story, then you know exactly what to do here....
=> The heavy selling we have seen here as a result of the 'relief rally' in sterling after expectations of a second referendum entered the picture. This fairy tale is starting to exit the stage via the fire exit and we are heading back to reality. => This means that the odds of a no-deal Brexit outcome are going to once again take the spotlight and we are set for...
*A strong daily candle close above breakout box (red) stops out my short trade and confirms a buy trade. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here....
The British pound is ending the month of February with a bullish move, up 0.50% after rumors of brexit delay in case a deal cannot be agreed on before end of March; offering some market relief and helping GBP/USD recovering almost all its February decline. Looking at the chart, the pair is trading above its main MAs which indicates positive momentum. Also broke a...
Possible break of a flat top triangle for GBPUSD on the M15 Candle Chart. This specific pattern gives a possible signal to the up or the down side. The only thing we can do now is wait and see...
- Sell the Breakout and wait for a pull back for confirmation to Go short - Long term daily chart BEARISH PENNANT Follow me on IG @waynoe
We have a bullish engulfing at 1.28000, from my perspective we have a trend reversal, because we didn't manage to break 1.2800 (crucial level for sterling), I very bullish for sterling until the week of brexit. The buy zone is 1.28500 (Tuesday due to the news of GBP), retest trendline 1.28900 before breaking 1.30000 So my advice is to buy sterling low and sell it...
After breaking the long-term trend line, GBPUSD has built a ground for itself in the 1.2760 area. My view is long GBPUSD at 1.2850 (buy limit) with a stop loss at 1.2650 and targets as shown above, however, maximum target is 1.3490 It is recommended to open multiple deals and close one at each target, as well as dragging all SL orders to breakeven once price...
...we have a very interesting idea on the menu today for everyone. This is a very advanced environment and would recommend only those who are experienced to trade this swing position. => We are approaching steel resistance once more and it is time to get active on the sell-side in the UK. We have fresh headlines this morning from the political side attempting to...
Currently looking to go long on this pair. Price is in a down-trending channel, I want to see it retrace to the .5 fib level.
Pattern: Channel Down on 4H. Signal: Bearish as it was rejected on a Lower High. Target: 1.2750 (the next support on 1D).
Cable is trading in a bearish trend below its 200D SMA and is being driven by brexit uncertainty that is rising day over day, affecting market sentiment and businesses all over the UK. Currently, hopes of reaching a brexit deal are shrinking which will continue putting downside pressure on this pair. Also, a potential head and shoulders can be spotted on the 4...
GBPUSD labeled in a bullish impulse within Intermediate (C) (green), with Minor 1 & 2 (green) finalized. Pound Sterling Dollar should go bullish from here, with an aggressive rally expected in Minor 3 (green). If you like my work, please support me with a like. More details in my signature. Many pips ahead!
I'm being asked by people (I didn't say on Tradingview), "Where is the pound going?" This is the wrong question and I explain why. 'The pound (sterling)' is not simply GBPUSD. In the screencast I show opportunities on different time frames. Overall I conclude that (at this point in time), most significant trends are pointing for the south. That doesn't mean that...
NOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... Ideally looking for this currency pair to enter a sell-off after potential news of the UK's GDP figures (output produced by the UK / economic growth / announced 9:30am UK time). With Italy and Germany recently heading into a recession, it is possible that...
I think GBPCHF target 1.2780 - 1.2580 next hours