OVERALL VIEW: SHORT. The pair moves in long deep waves. Failing to break the previous highs, we've seen the market begin a new downward cycle of lower highs, held only by 38.2" fib on the weekly chart. This acted as resistance straight after the Brexit rally, and has since been tested three times and held as support. Demand is doing well to hold this favored...
The time has come to delve further into what could be an 800 pip reversal pattern on the EURGBP. I’ve mentioned this potential bearish reversal formation several times over the past few months, but the pair had never been so close to capitulating as it was yesterday. Tuesday’s surge in the pound led to an intraday move of more than 200 pips for the EURGBP, the...
EURGBP at the end of the week sitting at the bottom of a well tested range. For the next 10 days, markets are likely to be preoccupied with Euro uncertainty regarding the French elections, and so are unlikely to see a significant BreakOut until after the 23rd, and potentially the 7th of May. I plan on buying at around .8445, with a first profit take at the top of...
Nzd is gaining strength against the other currencies. a break of the trend line will signal a sell of to the 1.74 area. Shooting star giving us a good entry.
A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge. Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing...
Hi everyone, Short setup on GBPUSD. Trade with care.
My original chart on GBPUSD was published on TalkMarkets just before the BREXIT vote in June 2016. I have recently published an update which you can read here to save me having to type all again - www.talkmarkets.com However, in addition to all the details already highlighted in those 2 publications, to support a bullish view, consider the historical...
Short trade opened on FX:GBPUSD . - Trendline Upward trend line has broken. Price is now stalling around a previous daily demand zone. - Pin bar Price has printed a 4hr pin bar suggesting a potential reversal. - Bearish Flag Bearish flag pattern on the 4hr suggesting a short continuation. The 1hr is still bullish so entry could be really early here but the...
5.4 RR - Rejection @ 1.253 trend line level with an aim to TP1 @ 1.229 key level. TP2 1.223. Lets see how this setup plays out. Could be a longer term hold across a couple of weeks potentially.
Last week saw the GBPUSD gain nearly 300 pips from Tuesday’s low at 1.2108. However, the pair finished Friday’s session just below key resistance in the 1.2400 region. This area has acted as a pivot since November 22nd and will likely attract sellers in the coming week. With that said, buyers managed to carve out a weekly bullish engulfing candle. This alone...
1. Its been 359 weeks from May 2010 Low , two more weeks before the sq of 19 to be complete 2. Bearish move from Oct 2015 up to current month is a completed sq of 9. 3. I'm expecting a breakout on 236 Fibo on April 2017 going LONG 4. Once TL breaks for the 2nd time. im expecting the price to move up to 1.89716 5. Based on 2 prev swing in expecting a 151...
We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115
Strenght in the usd this couple past days. Probably due to the fact that it is so obvious that the Fed will make the rate hikes. We will be careful this week, nevertheless, this trade looks really good. let's see if a good buy set up comes up, and if it does, BANG IT.
GBPUSD 4 hour chart still gives us some more momentum to the downside before the up move it is believed that price will eventually reach the 1.24000-1.24500 area if the area breaks the market structure we could see it go all the way to 1.2650 if it fails to break market structure we can see a further downside of 1.1990-1.1850 PS: This is not a trading signal just...
The Euro has been losing ground across all of its pairs. With UK yields at a possible area for a buy I'm assuming a short position on the Euro / GBP cross. There are multiple layers of confluence on this trade which stack in my favor of bearishness. Pivot area, .85000 whole level, bearish engulfing bar, fib retracement, etc. Possible 3R
Sterling felt oversold on recent scottish independence news. In fact, price seems to be reacting favourable at the current levels, with seemingly higher lows and taking out minor supplies. A potential for long, with a stretch target of 1.75000, stop right below the recent low.
Expecting a 800 pips movement! Time to break the triangle and go down... Targeting to a strong support--> 133.200 Risk reward 8.33 :) Stop loss: 143.000 Lets see how it does! Albx