This trading idea is only valid if Bank of England rise interest rates. In the mean time will be moving inside that yellow channel. Be patient and wait for thursday.
Confirmation of a completed wave 4 has yet to be confirmed. AO cross below 0 confirms the completion of the 4 wave weekly. Channel traders can use a channel brake for confirmation. Wave 1 equality and fib 1.618 extension gives us a projected price of the 114-113.6 area. Our trade zone will be the blue box to protect us from a truncated fifth wave. At that point...
I already made a bearish forecast for the GBPUSD but maybe with the BXY can explain my point clearer. In march 27 I made a forecast of a Cypher pattern, but it really was a Butterfly, anyway it was a great trade.
For now, in the chart you can see the rising wedge we had been trading in between those gross pink lines since early 2017. The most important thing, is...
GBP: Sterling Index BXY: GBP is caught in a near term tight decision range: when it breaks, probably as early as tomorrow but doesn't have to be, it will be worth following via USDGBP
Hey traders, here's an opportunity I've been scouting for a few weeks. It seems as though we are about to see some bearishness in the pound next week. I will be looking for short opportunities as we may confirm a triangle breakout and potentially fall further down the bearish channel.
For me, this should be one of the best trades for next week. I see a falling wedge in the 1D frame, and right now we´re touching his top. Since beginning jan 2017 we had been trading the thin pink channel, and right now we see a trangle ready for us in between those gross red lines. Also remember that dobule bottom we´re in since october last year showing us how...
ive decided to start using my black charts again, the break from them was nice, but here we got a nice cypher pattern coming up for the pound index! meaning pound pairs must be setting up to buy. i trade structure before anything else and structure indicates we may see some bulls coming into play!
look at some british pairs and pick your setup!
thumbs up for more...
