View On GBP/USD (19 Jan 2019)
The beauty of the trading is, it likes to trap their prey.
Good Traders are good hunters. They scout, they wait and they kill.
We had 2 two days strong swing and now all the late bull positions are trapped.
It shall go lower first to swing them out first. So, we can expect short-term down move.
If you want to enter long (it is ...
After the Brexit let me tell you that many investors I know have more confidence in the Pound and don't stop to buy after the good news relating to the positive note about the Brexit and the recent vote for Theresa May's proposals.
Now the questions that many traders ask is if the USA will leave the GBP to continue to going up against their money USD?
We know ...
SELL After Breakdown Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The market was too optimistic about Brexit after May's deal was rejected by the parliament but defeated Corbin. It seems more likely that article 50 will be extended or that a second referendum will be held than hard Brexit.
However, May has refused Corbin's precondition that rule out the no-deal Brexit. Actually, EU,Germany,France and Britain are preparing for ...
Price is approaching support and 50% retracement.
200EMA on 1H is also acting as support.
Wait for confirmation and breakout on 5M and 15M and Buy.
2 TPs
currently on a downtrend due to the BreXit meeting . well after hitting support we might have a long position set up for a couple of days for now let sit back and sell
Last week, GBPUSD reached our first target and got a pullback and came very close to a major support at 1.2855
In the coming week, if we continue the price pullback till 1.2855 price zone, we can start looking for bullish opportunities with our target set at 1.3123
Considering the weakness in EURUSD and strength is GBPUSD for the coming week, we can anticipate ...
I expect the pair to go down as shown in the chart. However, there could be a retest of the support above at 1.2900. If the price falls below 1.2852, then further down trend is expected.
In a higher time frame, it is of course a downtrend but you know It will not be able to cross the strong support at 1.28599.
The trend will move up to 1.28930 maximum to retest again and again before it can cross the said strong Support.
And it will then continue its downtrend journey.
The structure of the prize was broked, at the first in the lower time frame, now on this time frame and we have a SHS formed. What I've suppose is that the prize now will going to retest the level of the structure broked, then starts to go down and complete the SHS
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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