British national GDP was released at the level -0.4% (MoM) or +1.3% (YoY) . Manufacturing has declined to 3.9%, that had the strongest impact on the fact. Production was released at -2.7%.
Trade balance in April was released at -12.11 B, which is slightly better than the forecast (-13.10B) but we still see the deficit.
On Tuesday economists are expecting the...
WE HAVE A CLEAR FAILURE OF THE MARKET IN PROCEEDING HIGHER BUT GIVEN THE OVEREXTENDED PRICE WE WILL FIRST WAIT FOR A RETRACEMENT ON THE DAILY BEFORE LOOKING FOR A VALID ENTRY ON THE 4H TIMEFRAME
Unemployment rates in Switzerland released on Wednesday, are published at the level 2,4%.
On Wednesday the Swiss franc started strengthening against the British currency. Even good news from the British housing market did not help the GBP.
Technical analysis
On 1W TF the British pound reached the 200-EMA, which is heading down....
BASED ON THE ANALYSIS ABOVE WE HAVE A BULLISH VIEW ON THIS PAIR AND ANY VALID TRADE OPPORTUNITY WILL BE TAKEN TO PUSH THE MARKET TO THE MENTIONED TARGET
Hello Traders,
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In this video I just go over the possible trade setups from my Watchlist.
Stay Tuned for my upcoming weekly watchlist!
Make It A Great Day, A Profitable Week & Happy Trading!
~ SpiffyPips ~
It doesn't look like the Brexit deal presented to the UK parliament will pass muster. Therefore I see a lot of down side to the GBP in the medium term. Where should you look for the best trading opportunities. Spend 5 minutes to find out.
This is not investment advice
Steve Nixon
Trainer & Mentor
Video contents
1) Recap of a losing trade (why the trade was selected. negative points against the trade and positive points for the trade)
2) The sneaky entry! (combining stop loss element of a lower time frame setup with the targets of a higher time frame setup)
3) My trade management style
4) The eternal battle of risk to reward vs accuracy
Hi Folks welcome to my daily analysis video. Today we look at what's happening with the Dollar index, how that affects to EurUsd and we also have a look at the GBP.
With the BOE interest rate decision on Thursday what should we expect for the pound currency pairs?
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This is not investment advice
Steve Nixon
Trainer & Mentor
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside.
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GPBCHF is Standing on D1 Resistance zone
There are several reasons to short this pair
Reason 1: D1 Resistance Zone
Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing"
Reason 3: H1 Ascending channel downside Breakout
Reason 4: Bearish RSI divergence
Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...
![GBPCHF: [GBPCHF] Scalping shorting opportunity](https://s3.tradingview.com/f/FMmxKejz_mid.png "[GBPCHF] Scalping shorting opportunity")
