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Perfect Fib match up along with a beautiful head and shoulders pattern to finish before the inevitable fall.
Who knows, maybe we might get an all time historical high while we are at it at 2135 or beyond.
"who ate all the pies"
I don't have a potato.
There is never just one single price direction for very long in the Capital Markets.
Here we have a perfect example. The SPX500 is due a new historical high, and it will fall in time nicely with the retrace due on GBPUSD.
I am wishing hoping and praying for a price of 2120 or above to get shorts onto, for once we touch heaven it will be back down into the depths...
Quite obvious that the bears are out to try and slaughter what remains of the pound.
Losing politicians, losing football, losing trade....not to mention the shit weather!
Here is a simple retrace action trade. Perhaps 1.33 is a little optimistic but we will see a retrace. Check out my SPX500 trades to work out why ;)
End of hour, end of day calls on GBPUSD - That's my 50p
Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break.
In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop.
Not really sure how far I want to let...
For just a few dollars GBPUSD went down - Time for some retrace action
It's about to be July4th, retrace on all majors until then with a forecasted serious drop off next week right around NFP payrolls.
Enjoy and speculate with conviction!
I thought forget dinner, I'll just have a LONG night out with my favourite new bitch GBPUSD ;)
Pushing some simple Long trades until Euro market open.
Also locked into a sick battle with the SPX500 but that's a story for another day ;)
So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe.
With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions.
So everyone and their mothers are having it in for GBP right now, right?
So, let's seperate from the herd of sheep, and break out for a nice reversal here. Think of it like the best manga porn you have ever seen. You think it's finished, but oh no! It keeps on going!
I'm recommending to my clients to Call this sucker for end of day, end of week and end of month...
Pre-BREXIT as usual I posted up some truly simple analysis for all to enjoy and hopefully profit from. My aim during this last few weeks has been to shuffle as much of my client wealth as possible away from FX pairs and into GOLD.
Fortunately it was indeed the correct decision. For all intensive purposes I "predicted the future". As for the right here and now...
So taking a look at the USDCAD right now after some banter on the chat :)
My lines represent where I suggest you short or PUT the asset.
For binary its all about 15-60 minute expiration.
For FX its all about adding more points on for each new line crossed.
See the predicted potential drop off zone, potentially a huge amount of unsupported price there. Plus check...
"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib.
Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION.
So many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs.
My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever...
After the birth into a brand new not so shiny market, I can happily say a vast majority of our active clients listened well and entered into XUAUSD positions with our platform <a href="http://www.STBinary.com">http://www.STBinary.com</a>
Moving forwards we will see no doubt a large accumalitive growth pattern with GOLD. Uncertainty is king remember. Trade re-negotiation deals are coming. Scottish and Irish...
Janet Yellen, you are a total fool.
Mario the ECB is a joke.
Camoron? Enough said.....
QE has failed. Fear is back to stay. GBP is down in the basement and not coming out for some time.
There is only one place to be right now. That is, if you want to profit.
Tired of getting margin calls? Liquidity issues?
Lack of results? Consistentcy?
<a href="http://www.STBinary.com">http://www.STBinary.com</a> - The...
So it is the day of. The day of no return. The day we find out what we all knew to be true from the start...... The UK is going to STAY.
So, during the build up this morning, DO expect 100-150 PIP swings.
DO expect havoc on open trends. Fake breakouts. Fake reversals.
The moment the word "Remain" is uttered get ready for the largest move up in price for GBPUSD...