Short GBPAUD at the top of the channel in anticipation for positive trade deal result. Breakout possible however low risk trade since stop is tight just above the channel. Target TP: 1.8280
GBPJPY TD Sequential buy signal (13 bar). Rebounded sharply on support at 130.5. Proposed deal rejected by EU however UK odds of crashing out on 31 Oct remains low. Extension or referendum --> bullish GBP. Trade talks this week could affect JPY significantly and determine outcome of this trade. Set SL below 130.5 . TP at 135 for +350 pips
DXY appears to be respecting a weekly channel for exactly 2 years now (since Sep 2017). It is also within a rising wedge on the daily chart. A breakout of the wedge will drive it to bottom of the channel, resulting in sharp moves for all USD pairs. The catalyst for a breakout of the daily wedge could be something like big US-China trade deal/no-deal...
GBPAUD seems to be in a well-respected channel beginning 30th July. Trading the range may be a valid strategy for the past 2 months. However,outcome of US-China trade talks this week will affect AUD. If effect is significant, that paired together with supporting Brexit headlines as deadline draws near, could be the catalyst for the big breakout. Worth watching.
Short GBPAUD upon confirmation of break. Probable false break. Brexit 3rd parliamentary vote ahead.
Brexit update: Britain would be forced to join a customs union with the EU if no agreement were reached on frictionless trade by 21 January 2019. This should be sterling positive but cable and GBPJPY are down. Deadlock.
Senate to Vote at 10 p.m. on Bill to Avert a Government Shutdown; Graham Proposes Three-Week Extension. Break of support @ 90.00? Or H&S?
2014 low and 23.6% Fib lvl @ 164 Stop @ 166
Simplejack's H&S has once again emerged and he has broken its neckline. However what lies just ahead is the monstrous support at 175.5. Will he demolish it..sending it plunging downward where the motherlode awaits thee? Or will he succumb to it, yet again. We shall see in the coming days... Simplejack might wait for a break of support and a simple retest before...
Look for the break of 175.4 support. If this level breaks, retests and continues to plough through,we might see a massive bearish reversal take shape. We shall wait and see in the coming days if the dragon bounces on this strong support or destroys it (where the motherlode can be reaped). - Potential R/R @3 - Potential TP @ 171.75, 169.486, 167.981 and 163 -...