-TRENDLINE BREAK RETEST CONTINUATION
Clear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar. Nothing much is...
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential...
strong year support resistant flip + quasimodo level put stop 1 @ 1.3820 stop 2 @ 1.4400 tp open
Let's keep this short and sweet. Three charts, D for trend direction, 60 to spot trades and 15 for precision entry. If you look at D we're close to strong resistance(the big red circles), we're not quite there yet, that would be closer to 0.86, so now is not the VERY best optimal entry timing. However, this strategy applies to future trades. It's up to you if...
Added to current short position, decent risk/reward. Let's chat! -Ryan
Hi Traders, The 1-hour chart of EURGBP shows a broke out of a support level with a textbook five-wave impulse. . Currently, the price seems to be making a three-wave zigzag corrective pattern which is most likely to terminate around 38.2 and 50.0 Fib ratio that lined up with the broken support turn resistance and moving averages. . Given that the correction is...
As discussed previously, the value of the American Dollar is expected to fall in the coming weeks and months. On the other hand, the notion of a "No Deal Brexit" supports the belief that the British Pound may be getting weaker. However, despite the political and economic turbulence that Great Britain may be facing due to the idea of a "No Deal Brexit," the...
GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state,...
We could see price test 142.733 area, if price tests and the bounces we can see a lovely little run upto 148.000 area, if price breaks our 142.733 support then the next area of interest is the 141.428 zone which could be used as a turning point for a bullish run. Our view is price will bounce off our 142.733 support area and make a good run to the upside and...
Gold priced in British Pounds has made a tentative break today. This is not necessarily a Gold trade, but a warning that the British Pound is weak, and a further breakdown is imminent. Gold is caught in a bullish Dollar's crossfire, but Gold relative to GBP is telling is that a substantial currency move may be coming. The GBPUSD has been grinding support for...
GU wicks have been crazy, but we cannot ignore the fact that it has failed to close the 4 hour candles above key daily level, that keeps my interest peaked for a short, now that brexit hype is over and DXY is hovering around support. Targets are clearly marked, entry for a short at key daily level marked in red and stop loss is flexible for me. I would like to...
In a Weekly chart of the EURUSD we can see a bearish trend where the price accumulation is in the 1.09000 zone. All this accumulated with the Brexit we can see a strong fall for the Euro and the Pound for several weeks. Trade by your own discrection.
There are a few things in life that you think will never happen. Brexit was one of those things. With the continued uncertainty surrounding the exit from the EU, will we also see Parity with the US dollar or will the UK Government strike a deal? Trading Forex / CFDs is High Risk.
According the technical analysis there can be 2 ways. I mostly believe that the price should go down. It suits for both Binary and Forex traders.
HI guys! my idea is If the news release and pound regain strength GBP/USd could shoot up to an initial high of 1.2790. This was the first post brexit low and the Resistance awaits at 1.2850 IF the scenario turn upside down, GBP/Usd could fall sharply 1.2415 the initial support and followed by 1.2360, 1.2250 and 1.20. Please trade carefully while trading using...