AMEX:IWM As we continue to embark on this epic economic bubble , there will be varying components that will be mixed in so the trend can continue. To allow some normality to the markets, profit rotations still seem to be taking place and tech seems to be the one market that is becoming exhausted. With that said, I think we continue to see those absurd profits...
don't inter Quek please use risk management 0.02 lot is mad us 90$+
Short sell for GBP - USD... After looking at the past trend for this pair it's shows that after the resistance line is tested the pair goes down ( SELL ).
My expectation of this pair is for it to continue up towards the top of the longer-term ascending channel for a third touch. Once the price is at this level My bias would then be short, that is probable. However, what is possible is a long term break, this is why I will wait for confirmation before taking a position. A break from the descending channel confirms a...
NASDAQ:PZZA Title says it all. This looks to be a short term top to me on the 1D chart and a potential H&S in the making, currently in the process of printing the head. $PZZA broke to ATH's after consolidating from May-June. Typically once you breakout to new ATH you will get a retest of the prior consolidation, hence why I am looking to short here with a...
We can see an ascending triangle forming here on USDGBP. This formation means that buyers are out performing sellers. As you can see the buyers keep pushing there lows higher but sellers cant push there highs lower. You can see my predictions on the chart with the arrow. I will be getting in on the retest of resistance turned support/the primary line of the...
Most obedient resistance line. 3rd wave complete harmonic pattern.(Bullish Bat) it will be crate a triangle.
always drops, and markets always pump as a result. Note this is used during RE (key) elections. During the other cycles, it is evident that DXY does quite the opposite (gets pumped) and thus making the markets dump. This results in the "other side" using the economy as a bargaining tool for their elections. (Or rather 1 party who seems to be controlling all of this!)
Beautiful break of structure in the USD/GBP pair. Pullbacks to the upside should be used for shorting entries at the moment. Good luck
Dow Jones FXCM Dollar Index was a measure of the U.S. dollar’s value equally weighted against four of the world’s most liquidly traded currencies: Euro (EUR), 25% weight British Pound sterling (GBP), 25% weight Japanese Yen (JPY), 25% weight Australian Dollar (AUD), 25% weight
Looking at the macro, we can see the GBP has been in a bear market against the USD since 2008, and then after Brexit it felt even more pain. So what happens next? The UK is currently applying a lot of fiscal and monetary stimulus to the economy, and negative interests rate could be on the way. This is a bearish signal for the GBP. You may say well the US is...
I saw some analysys presuming GBPUSD would move up in the near future. However, now I do now see much evidence of possible strong upward impulse. We have 2 most probable options: 1st - there is a corrective Elliot wave which after impulse downward is possible, and 2nd - there is a new channel is being constructed, so the price would move inside of it. My advice is...
Clearly Bullish as above all 3 major EMA's on the daily Go long once overhead Resistance is broken and watch for fake outs.
GOOD DAY TRADERS HERE'S AN IDEA ON THE GBPUSD, IT WAS ANOTHER BAD WEEK FOR THE POUND THIS PAST WEEK PROBABLY DUE TO RISING BREXIT FEARS, BAD ECONOMIC DATA FROM THE UK AND THE PANDEMIC PUTTING PRESSURE ON RISK ASSETS AND ALSO THE BANK OF ENGLAND RAISING THE PROBABILITIES OF MORE STIMULUS MEASURES. > GBPUSD IS TRADING AT 38.2% FIBONACCI LEVEL ON THE 4H CHART >...