Hello Friends! Technically Bullish Harmonic Deep Crab Pattern is formed. So, longed it. 1H chart and Entry,Stop loss and targets are represented on on the chart. For macroeconomic analysis you can subscribe me on my Twitter acccount below. This idea is not a piece of investment advice. Regards, Zelal Ada
Hello everyone,hope all is well there. So this week i am on major side,thinking to short it,but waiting a bit quick weird movement or trap somewhere here as it wont be surprising for this pair. will be watching GBPUSD chart comparing with fundamental data,strongly thinking to short it by the mid of the upcoming week. Btw this chart was prepared and was on my...
all i can say for SAXO:GBPUSD is Better to wait a Breaking up or down from This Channel , even my 55% intuitions is still good position for buyer. #StaySave
UK elections pending royal assent, to be held on 12 December few days before Christmas and first time in December since 1923. Sterling went sharply higher to celebrate BR-EXIT in national fervor. But now in stalemate after parliament rejected current EU-UK deal. Boris Johnson did well in his short leadership tenure to get the deal and his own party leaders...
GBP/USD: Fall back to trend line support Sterling/DOLLAR fell over the weekend, with the failure to hold a meaningful vote undermining sentiment that the Brexit bill would pass. Sterling slipped and fell again to the trend line support, suggesting that the pair might turn bullish and that the outlook would remain, unless it fell below 1.284.
Could this be a double bottom for british pound? We will see. If so, the target is 1.68. WOOW
Looking for buy at 1.24 and sell at 1.255 area.
We can currently see Sterling move just above the weekly support at 1.20000 which also happens to be a major psychological round number. Looking at the daily it seems to reject the charted support as shown, however there is a lot of strength to the downside caused by the politics including a possible no deal Brexit in the UK and the ever rising US Dollar as we...
While I have a hard time seeing the Pound gaining much strength over the coming months, right now that is where the technicals are pointing me for the time being. We're above the kumo, we have a bullish kumo twist, and chikou span is above price. So, all the bullish confirmations are there that I need. I've set my entry level right above previous price resistance...
Trade Idea A bullish reverse Head and Shoulders is forming. The medium term bias remains bearish. We have a 78.6% Fibonacci pullback level of 1.2588 from 1.3380 to 1.2373. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy a break of 1.2605 Stop: 1.2560 Target 1: 1.2710 Target 2: 1.2750
Short term plot using small tf screens as a microscope. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth...
Hello Traders, GBPUSD fell into complex corrective pattern. This week Pound find support @ 1.2655 level and could not brake the previous week high. I am looking wave C of B downside upto the support level of 1.2605.
Brexit drama continues but GBP has been less volatile in recent days. Traders are not buying hawkish Bank of England due to uncertainty prevailing around Brexit saga. When many banks are turning dovish and FED is not raising rates further, Bank Of England remain cautious hawk. Mr Carney has hinted strong series of rate hikes in the event of smooth Brexit. That...
Ignoring Brexit and the fundamental rollercoaster madness completely I took it upon my self today to chart out one of my favourite assets to roll long term on - Cable AKA GBPUSD. From a technical standpoint what I am looking for is a proper solid retest of historical lows - I am not of the mind that GBP is going to die, or the UK disappear..... However I do...