Consumer Price Index news coming out at 9:30, after some analysis expecting all GBP pairs to sky rocket after news release.
The long position is there just to give an idea, I'll enter at london session and use 1:3 RR or more for most trades, TP around +40 pips.
After a big decline for the sterling price made a nice bullish retracement to the upside giving us potential short trades, but couldn't follow thorugh, looks like the bullish momentum will prevail the fall. Our buy zone is set in the 1.3135-1.3170 area for the profit targets up to 1.3260!
GBP/USD seems to be running out of steam for continous pushes to the upside. We are taking aggresive short trade to the downside with high risk reward ratio. Our sell zone is the 1.3130-1.3150 area where we should consider selling the pair. Price is currently in our zone so trading is already active! Happy Hunting Wolves!
After a beautiful buy on the neckline break last week EUR/USD has developed downside momentum, it has broken the supporting bullish trendline and doesn't look like it will slow down. We consider 1.1580-1.1587 area as a sell zone for the continuation downside. Area confluences with bearish trendline and 61.8% retracement from the previous push down. We should be in...
Here is our roadmap for starting another trading week strong. So, after hitting our first profit target on the buy last Thursday, GBP/USD has failed to develop stronger bullish momentum and finished the week in no man's land. We have set the consolidation box for the pair with bottom around 1.28000 and the top around 1.28800 price level where the price should...
We have a potential neckline break in the head and shoulders pattern on EUR/USD. Neckline is set at 1.1625 area and a potential break could result in skyrocketing the price, we have a Bullish trendline set for stop-loss so it's a high reward low risk type of trade. Agressive traders can enter the market at current price level but if you want to be more...
Well well, thats quite a jump in one hour don't you think? USD data came out today without any huge surprises, and now we are seeing cable jumping up. Is this the start of the bullish momentum? I still belive to see 1.2670 price before it but on the other hand It could be bulls takeover, but it's not happening without the pullback, and that's where we come to...
