This is my expectation of EUR/GBP. I think there are too many seller (24% buying - 76% selling) This is a no brainer for big players to bring this pair back to the recent highs. Lets see how it goes!
Still a very bearish tone from the market. On the sell zone, there is a bearish shark completion, I will be sharing if this is a great trading opportunity for my subscribers. The completion at Point D is important to see if the trade is valid. To Receive the Weekly Market Analysis, Subscribe to our YouTube Channel & Click the BELL Notification to receive alert...
The EUR/CAD currency pair is currently moving in an ascending channel. The price is nearing the upper channel resistance and we can expect sellers to come in and drive the price further down towards the channel support trendline. Be yea careful as there is too much noise caused by the Brexit issue along with Theresa May's cunning tactics. I would expect to enter...
The FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The...
GBPUSD shows a persistent downtrend, however, it is well supported at the Blue Line, breaking below and closing below the blue line may hint a further downward movement. Within the Red Box is the sell zone and within the Green Box shows a sideway bounce movement. It will be a good consideration for counter-trend trader to see if their trade plan fits into the...
London Breakout Trade. Follow risk reward. Happy Trading!!
The Pound may hit these lows although i think a strong pound rally is coming the beginning of next year, or sooner. I would have buy Limits at the last Resistance level as I do not think that will be broken.
Today the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals...
But on the Stop hunt. This will be very volatile so do your risk management accordingly. Watch for Brexit Headlines.
Weeks ago Brexit seemed to be at an end. Maybe now is Theresa May's leadership's sinking. Buyers took the ball or is it still sellers game? Breach looks like done, but what about that recent high at 0.894? Can it resist at the government uncertainty? Buy signals on track. Next will be a key-week for UK and May future.
Based on price action as well as the Fibonacci retracement level 0.786 we are expecting this to advance nicely until November 21st when a potential update regarding Brexit is to be announced.
We have recently broken above the downtrend line. I think the 1.30 price level will start to offer a strong support, just as the previous downtrend line will. I will be looking for a Take Profit at the 1.35 level. If the Brits get a decent deal - which is possible as the EU are beginning to see the negative impacts of a bad Brexit deal or even worse no deal - you...
Theresa May is expected to give unusual statements in today's session, some suggesting it may be linked to National Security. The immediate reaction was GBP weakness to the news, Manufacturing data countered. Based on the 30min chart GBPUSD has found some support. However, it has attracted some buyers, we suspected stops are being accumulated around the green...
The price has just touched the resistance level of the channel and we could see a massive bearish candle follow the touch of the resistance level, this is not solely because of the resistance is strong. This bearish candle has happened due to the UK parliament losing some of the main cabinet members over a disagreement about Brexit. These ministers did not agree...
After this idea was hidden by Tradingview for adding YouTube channel, I was very angry with them so I decided to move out of here. But I re-post this idea because it did exactly what I anticipated since May 8th 2017. Non of these movement are coincidence. What to expect now? If you see my twitter you will see where I sold and expected for this pair, meanwhile...
At first I thought Carney was very concerned with inflation and yet it seems he is more concerned with Brexit and given the BOE independence, they can divert from the original inflation target i.e. withstand more inflation or GBP weakened to smooth the Brexit experience. Given his talk, I don't think the PM will reverse her tone.
Use investor skittishness about British politics this week (maaaybe into next week) to get into some great potential GBPUSD buys.