The new low formed at the end of last week failed to break the previous low but has held at the same 1.3080 daily support region. This can be taken as the neckline of our potential head and shoulders formation. Moving averages have been holding price down nicely but the last H4 candle has broken the first level of resistance as price headed towards the 1.3150...
Bears are looking to pull GBPAUD into the orange box area. Some nice pips to be made here. Be sure to always keep an eye on the price action on smaller time frames (30, 15) to ensure the market doesn't go against you whilst unprepared to adapt your plan.
Sterling has taken a battering most recently but is holding on by the skin on its teeth to the longer term ascending trend line while also holding into a key support area. We will be looking towards America's job reports including NFP and average earnings on Friday to dictate where this pair will be heading. If the trend line holds we can see some bullish price...
The pair's uptrend seems to be coming to an end. Yesterday provided us with a big sell off and the major moving averages have rolled over on the smaller time frames. Moreover, as highlight below, the Stochastic crossover (10,6,6) has also occurred. I'm now short and any rallies that occur will be shorting opportunities.
Continued rejections from this region. Aussie has also begun to make higher lows and higher highs which is indicative of a nice bottoming formation. All in all, this pair should head down once this cluster of consolidation breaks on the larger timeframe.
Continued Bullish movement yesterday as price broke and closed above daily moving averages. The moving averages haven’t yet crossed to the upside so we haven’t confirmed further bullish moves but these may now provide a level of support as we look to retest the downtrend in line with the refined Fibonacci retracement region. This could form the lower high in the...
This pair has been forming what seems to be a bear flag for quite some time now. With the Kiwi now finally showing signs of life, my bias is that this pair will break out down soon.
Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level. GBP/AUD
Pound has been moving strong but without any real long-term direction. We are approaching another key lever which is around 1.3175, it is also a 61.8 fib retracement level from previous bull run and the one before, seems like everything is lining up for a bullish run through the resistance we have touched yesterday. But also if we go below this level, we could see...
Hi guys,i wanted to post this idea earlier but couldn't access laptop. I saw Bullish signs in GBPUSD for a long time,we have a bullish wedge here. First need to break this wedge at 1.325,if we can do it,have a target around 1.34 . If you want to long don't forget stop loss.
With pound has so many news coming this week, seeing this pair I am bias to sell the weak sterling ahead of it's second Brexit's news. TP 1 = 1.9375 TP 2 = 1.9300 TP 3 = 1.9100
There are a few things in life that you think will never happen. Brexit was one of those things. With the continued uncertainty surrounding the exit from the EU, will we also see Parity with the US dollar or will the UK Government strike a deal? Trading Forex / CFDs is High Risk.
The British pound has fallen sharply lower against the US dollar, hitting 1.3169, after US President Trump warned British Prime Minister Theresa May that a soft Brexit plan would harm trade-relations between the US and the UK. The GBPUSD pair has now broke its established trading-range between the 1.3200 and 1.3300 levels and is turning bearish. Sellers will look...
The orange line is our first target. If this support breaks, we will look for another short entry.
The British pound has fallen sharply lower against the US dollar, hitting 1.3188, after the British Foreign Secretary Boris Johnson resigned from the Conservative party in protest of British Prime Minister Theresa May’s soft Brexit plan. The GBPUSD pair had looked increasingly bullish prior to the news of Boris Johnson’s resignation, soaring to 1.3361. Sterling...
With similarities to Aussie on the weekly time-frame we saw price form a bullish retracement to retest the downtrend at the back-end of last week. This was off the back of positive fundamentals and price seems to have formed it's lower high, rejecting the trend which is also in line with the refined Fibonacci region. Price has already broken the simple moving...
Cable has been in a long-term down trend for 10 years, it never recovered from the highs of the 2008 crash up @2.1 (those were great New York and Chicago shopping trips), we had a 50% fib pullback into 1.7, continuing the downtrend to 1.6 by the end of 2017, Cable was already falling before Brexit. Since 2017 we've been in an uptrend within the boundaries of an...