The No-Deal Brexit jitters potentially pressure the Sterling in mid-term. I am picking two directions within a general GBPUSD mid-term bearish bias. Left Hand Side Chart is H4 Timeframe. Right Hand Side Chart is H1 Timeframe For Plan A : I am marking yesterday's daily pivot + 1.29000 price and I want to see how the market will react upon reaching it. A bearish...
I am expecting the Brexit No Deal issue will sooner or later pressure the sterling and also the issue about renewing Carney "reign" at the BOE. Technically, I believe GBPUSD is in a downtrend. I will short GBPUSD if I see a Bearish Engulfing Candle or Dark Cloud cover in one of these levels I've marked with red arrows. Target(s) are based on the average daily...
Here is our roadmap for starting another trading week strong. So, after hitting our first profit target on the buy last Thursday, GBP/USD has failed to develop stronger bullish momentum and finished the week in no man's land. We have set the consolidation box for the pair with bottom around 1.28000 and the top around 1.28800 price level where the price should...
GBP/USD has been taken over by the bulls after days and days of falling. We are now in momentum with potential to reach 1.3000 resistance. Today Sterling has been falling from the first hour and we belive it's pullback before continuing to the upside, buying off the Fibonaci retracement line 38.2% which is 1.2860 area. We have to be careful about brexit news and...
Well well, thats quite a jump in one hour don't you think? USD data came out today without any huge surprises, and now we are seeing cable jumping up. Is this the start of the bullish momentum? I still belive to see 1.2670 price before it but on the other hand It could be bulls takeover, but it's not happening without the pullback, and that's where we come to...
The projected monthly range low had been exceeded. My belief in the market is that price should "normalize" and goes back inside the range (Banks profit taking). The monthly range has been hit and exceeded and also the weekly range was hit (set default bias = retracement/reversal bias). Currently, I am setting a bullish bias for this pair and it will remain true...
1:4, Supply zone located on top + SNR + Compression
GBPUSD is in a solid downtrend and short term trades should still focus to the downside However, support from 1.265 and a weekly oversold condition could mean the market is ready to bottom out
we will see buying in sterling if market break above 1.2800 in H4 timeframe .
Hi my friends, This is our new pound trade,hope be successful at the end. First of all this trade must start after first reversal in RSI Daily and when RSI can break line i draw in 4H.See charts bellow: If it can't achieve,we will drop from channel to test yellow box bellow ,as support.See chart bellow: I will update this idea and notify new signals.Do not...
Sterling very cheap. Buying up when finding valid entries.
GBPJPY continues the downward move after breaking below the trendline support that held up twice before, the next test looks to be the previous swing lows 143.769 143.195 Today we've bounced off the first level at 143.769 so far getting as low as 143.811 (pretty darn close). Notice that both of these previous swing lows brought multiday rally's so the risk at...
If I see a set-up, I'm gonna pull the trigger but not walking away for so long. Sidenote: "Top-notch entries are exclusive to members of Cream Live Trading" Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
Nice little bear flag forming on this pair here. With the Aussie maintaining it's poise in the face of a hawkish FOMC and falling commodities, the dovish BoE will drive the pound down which I believe will be the catalyst for this flag breaking out nicely. Good luck!
Just like its parents pair (GBPUSD), The pound is just consolidating at the moment and a potential break to the upside is on the cards!. What is preventing the breakout at the moment is that the price is confined in wedge. To add to the list of confluence factors a flag has also been formed and the violation of the upper trend line would see a GBP push to the...
As can be seen from the chart, the old uptrend was broken, retested, and rejected. The pair will continue to fall within the downtrend. We may seem some spikes here and there on news but overall, I believe it will be a slow bleed down.