GBP/USD - 4H chart. Insta -parker_trading. Weak GBP and rebound of the USD. My preference is the short position but will monitor and see how the market reacts in the morning UK trading session. Let me know your thoughts.
EUR/GBP Swing trade. The virus case worsens in the EU with France and Spains infection rates soaring. I am starting to try swing trade using bollinger bands and moving averages. Let me know your thoughts.
Insta - parker_trading -my analysis, stuck in a trend and rejected price at the bottom level 0.9200 twice.
GBP/USD- Short. Follow parker_trading instagram for live updates. I am expecting a double top of the 1.29 area where it hits a major resistance level. After that I will monitor the chart but I am anticipating a large short back down to the 1.25/27 area for extended TP. My analysis is based on the market indicators and the worsening situation in the UK. Belief in...
USD/CAD - broken through key resistance at 1.316 area after a consolidation period. Been watching this pair all day. I am expecting a small downsdide to about 1.315 then back up to 1.326 area. Just my thoughts.
GBP JPY price has rejected a push above 138.32 area and I have now entered a short position. I am looking for the price to return back down to 136.7 area and then continue on downwards from there. The UK positive test figures are only going to increase and with tighter restrictions the value of the pound should continue its downtrend. Just my thoughts.