Price consolidated starting around the 4th of May and finally broke below it on the 18th. Currently we are seeing a potential retest near 1.35000 which was a strong support zone since the 4th of May. I am waiting for a candle formation on either the 2H or 4H timeframes before going short on this one.
Cable looks poised for some sort of pick-up in my opinion. Elliot-wave theory points at a 5th wave to the upside might be due, and this week is filled with UK economic data. Definitely one to watch out for.
on Cable we have a Break of the Weekly Trendline and weekly Closure below monthly support at 1.3250. A retest to the zone and break below the Moving Averages has indicated a bearish Move potential with a 250 Pip Decline very Possible in the following weeks. I am looking to Short GBP/USD Following the Monday Open
Giving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look. In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said...
After breaking below strong support at 1.3700, we are waiting for a small retracement to be sellers again. BOE will have a meeting on Thursday 10 May and that will be a big day for GBP.
Pound looks a bit weak, but at the end of the day, is it strong enough to break the box and where? Large downward potential, >1.52% bearish. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
GBP/USD Recently broke and closed below weekly support of 1.38000. and his showing heavy bearish momentum on all time frames, after a quick retrace to the support of 1.38000 on the 4HR, Price was unable to close above, therefore I believe we will be heading to our next weekly key level of 1.35500. Price should be able to quickly reach our target as there is no...
Potential sell opportunity for GBP/AUD on 1,83996 Comment below if you agree or disagree!
**TRADE ALERT** SELL GBPUSD -0.41% at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.
**TRADE ALERT** SELL GBPUSD at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.
Yesterday after BoE's Governor Carney hinted that possibility of rate hike is much more lower than previously the GBPUSD plunged from what it was a great run to the heights of 1.4377 for more than a month, and this means also that it is on the border to exit the bullish flag zone if it goes below 1.4000 the next support. At the moment the price pivots around...
GBPUSD: Price is now pushing into the extreme zone which has a defined upper resistance boundary of 1.4423. Price is also sitting just above the 1.4345 high that was established back in January. The probability of a bearish reversal is high, BUT until there is confirmation, the bullish momentum can continue to drive price higher. Keep in mind, if price is going...
Good evening everyone, I'm sharing a potential wet up forming on FX_IDC:GBPNZD , long day trade potentially available tomorrow. I will enter in case of good activity around the 1h/5m pivot, and by that I mean a clear rejection of those levels. I'm aiming for a quick position, possibly closed within tomorrow's session, as current uptrend seems pretty mature and...
Good evening everyone, sharing a great trade I took on Monday on FX_IDC:GBPAUD What initially caught my eye was the rejection of the 1.8200 support level followed by the break of the descending phase line. Entered couple of hours before the London open before the usual volume expansion, TP order was hit pretty quickly. Please feel free to write me a PM if...