Rationale to trading plan (Long GBPJPY one) : 1. There was a news release that claim UK and EU have struck a Brexit Divorce deal which will be confirmed next Monday. UK officials denied this however but further reports after that "reconfirm" about the divorce deal 2. Equities Market have been up, signal potential Risk-On (hence Yen will be less demanded) *The...
A break of current short term trend will see the price test the rising long term trendline below. Selling this scenario and then re-buying once complete will result in the most profit. If not, these steps may be skipped and price will see another spike up (less likely)
After breaking out of the monthly wedge and retesting we are seeing another breakout this time of the daily ascending wedge. Currently we are seeing the pair ranging sideways but I am confident that we will see a break above the box and onto 1.77000s.
Hi guys. We can see a potential long term trade coming up on the GBPUSD. Will we break the trendline and go Bullish or will we see another bounce and see the pair fall to the downside?
Will need a few things to be met before entering long
In this pair i am seeing some good long entries , and as USD losing it's strength it can be give some Extra Boost to reach target much early . Best of luck . Trade carefully even trade is 100% sure . Thanks .
Short UK100 due to Pound strength and EMA's.
Price keeps on respecting the current bullish channel, we have seen a closure above the 1.33070 resistance which last happened in September, we are now seeing a retest meaning that resistance could now turn into support so if the current 4H candle closes above it I will enter long targeting the resistance trendline around 1.34000s.
Last week marked the 7th week of the GBPUSD range and as a result we simply look to play the range next week. A test of the range top at 1.32696 will provide a chance to look for Short opportunities first of all down to the range equilibrium point at 1.31550 with an ultimate view to key support at 1.30342 and 1.29799 respectively.
Green lines are targets Red line is SL Black line is entry point I will only be posting 1 trade per week at the most on tradingview from now.
I had already decided to short this pair before realising that this weeks candle closed as a huge doji. (!) I rode the retracement wave up towards the trendline and the 60fib, and was waiting for a rejection of this area. (yes I do trade NFP) Both EMA, 60fib, daily res and the trendline are right in this zone and it was rejecting it on the 1H timeframe before it...
SL@1.32694 TP@1.32257 1% RISK/ 1% RIESGO
Shoulder - Head - Shoulder pattern. Textbook like on this chart. Bulls also broke a strong downward trendline. We are clearly seeing a change of strength. Hop on the train on any dips. 1.67-1.66 is a strong support area with several confluences. I am expecting around 1.70 mild sell pressure and profit taking that could take us back toward the above mentioned buy...