A small-long here looks like a reasonable technically speaking... Breakouts in JPY often have one big counter-thrust before they advance so a wide stop might be necessary.
GBPUD short trade MA200 Rejection Daily momentum down 1H momentum down Pin bar rejection of strong support resitance level Trend line 1:1 risk reward
It is only 1% retracement away from having been a Gartley so may want to watch that completion point as well but I will wait for the entry given by the Bat. RSI looks like it will be in oversold territory if price reaches the D point. Stop is the red dashed line. I will aim for .382 and .618 retracement, and consider trailing stops in hopes of reaching higher...
letZtry;) 4HR EMA seems saved the bears but i prefer this direction atm:)
simple, im short from around 20 minutes ago at 1.2530. watch for h4 close below weekly 0.38 fib at 1.2520
No words needed. Shootinh star at the 50ma and key level. MASSIVE head and shoulders.
Beautiful break and retest on daily of both Moving Averages. 50 crossing 200 great daily level broken to the upside Reversal pattern formed on the 3 last daily candles. WE ARE LONG!
Great oportunity to long euro sterling as the gbps are falling down and showing big bearish momentum. Daily chart for EURGBP closed above 0.8625 giving us an opportunity to go long.
Increasingly the Pound is looking bullish and may break out of its double-bottom type pattern here... Adding to my position.
Pre-positioning for a break of the trend-line and 200MA. If the neckline of the head & shoulders pattern is breached, there's likely to be some bearish price action. Fundamentally, I see all the risks in the Euro vis a vis the Sterling. I think this could be the trade of the year!
The GBP has been doing amazing versus the dollar regarding Brexit news. Believe the GBPUSD will head to the next key level of resistance to test which is the 1.2728 area.
The break of the line is a clear signal for continuation of the upward trend. The momentum is not too strong so be careful with the stop loss. The high Risk/Reward ratio is another point in favour of this long position.
After a massive double bottom on the daily chart, we now have seen a flag formation (from 100% to 0% on white). the retest of the @1.24 level would give us a valid entry to go for the 2nd impulse of this new wave. The first target would be the @1.253 zone, confluence with the -27% fib extension and a intraday key level. The second target, would be the +- @1.27...
After some big news and bearish momentum for the euro pound, we can clearly see a triagle being formed on the H1-H4 charts. Giving us the good opportunity to short this market. To place an easy sell stop below lows, and wait for the breakout. With a decent 1.5 risk reward, this trade is a good bullet. Hope you guys have a good week.
Non-commercial short positions.