Watching right now, thought i share this one with you all.
I am waiting for a clear breakout bar, and with it clear fundamental reasons to buy the pound.
Price might stay for a little longer in this range until it makes up its mind.
You can also crossanalyse all GBP pairs, and you will see some sort of similar consolidation pattern, that suggests a possible GBP...
Interesting textbook continuation pattern. Watching for now, might enter on the US open if the opportunity presents itself.
As always with a tight stop and a big reward.
Also look at nasdaq and dow, both suggest higher prices are coming.
Fundamentally i see a weak CAD and relativley stable EUR for now.
Expecting a move above 1.5120 for big stops to get hunted.
Playing this idea with a very tight stop and a good reward possibility.
Please trade with care and do not overrisk.
As mentioned in the NZDUSD trading idea, i am playing this position with a tight stop and a position split on NZDUSD Buy and AUDNZD Short.
Its the same rationale behind both trades, but i am seeing a bit more potential for a bigger profit on AUDNZD.
The risk reward is also to my favour so i am seeing a potential good trade with small risk on this one.
Impulsive upwave yesterday, followed by a flag correction.
Anticipating the end of the correction, spliting my position 50% on NzdUsd buy and 50% on AudNzd short.
Centralbank was suprisingly bullish yesterday, and i am playing this idea.
US markets are strong, we are in a risk on sentiment, with gov. shutdown seemingly avoided and trade talks going in the right direction.
I see a beautiful opportunity to play a long position with nice risk reward on the DAX Index.
I entered this position with a tight 30 pip stop below the recent shortterm consolidation range.
I am not willing to risk a big stop...