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Brexitdeal

GBPUSD - Brexit drama? How can I trade GBP? GBP - What a great currency - I say it's like marmite you either love trading this currency or hate it...It's been a tricky pair due to brexit drama. I remember trading on demo account when Brexit was announced shorting it with a good well established friend of mine in Africa...It was great fun even on a demo you do learn a lot as yrs go by . Now I do have a nice real portfolio I manage, and I look at GBP and all that comes into my mind is first is go and look at monthly chart and secondly - 1.40 could be coming shortly....! It's a very headline driven market for now However, let's not get carried away let me break it down for you. Technically we are bullish within the monthly - which I will go through my yr ahead outlook video of 2021. There are so many bullish formations for GBP that reaches towards 1.40 area, but we need to pass 1.36-1.37 areas first those are next resistance areas and the daily close we got above 1.35 technically we are BULLISH! But does this mean you just get in now? Well no, go to lower charts find a good entry point using price but I am now going to speak about fundamental impacts on Brexit. (Use your own trade plan) Fundamentals: I know, I know for yrs we've been talking about this Brexit - Will it be over by 31st December or will we continue into 2021?- Sure I won't be working on Christmas day only day I am taking off but I will be looking at my desk looking to see updates, fishing out any information I can get - I would recommend you to even invest in a good squawk service head-lines will be coming out and the price of GBP the moves be interesting, keeping a good amount of stop I would recommend for this pair for now. I feel if we do get deal the euphoric energy will come in we should hit 1.40 areas but then I do have other views where I feel at 1.40 things could take a turn and if we don't get deal sure GBP will decline - Now, why 1.40 Why and how will take a turn? - Well, wait for next week for my 2021 outlook tune in - I will be explaining further why!! Also keep in mind if we do get QE from USA - that will increase GBP and other majors too. Lets see what congress does....! If you are interested in the UK market - Check out my FTSE100 analysis post as well! All the best, Trade Journal
by Trade_Journal
4
GBP JPY - Brexit 'Deal' scenarioHello, With current events and fresh levels looking likely on Monthly timeframes - we can see GBP & XXX major, minor pairs to see heavy movement for appreciation for Sterling. As the UK is seeing the vaccination being used from Monday, most likely and last minute negotiations for Brexit. If the parties can agree a deal at all, the surgence of relief will allow buyers or GBP USD and EUR USD to surge in order to high monthly highs and create a fresh zone. Alternatively, Where a sell scenario - expect the previous depreciated low to be the bottom out scenario. The EU & UK, ideally want a deal - as this steadies recovery and while creates barriers, it also loosens barriers at the same time from a lobbyist perspective and in terms of acting rapidly in response to change. Keep a look out for Key levels - where price can consolidate. The higher timeframes show us the direction where price has a distinct probability of where price will move. Let's await. Many thanks, Team Lupa
Long
by LupaCapital
EURUSD Bear going to catch and eat a Bull fish tonight..!!??We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see. On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon. Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came. This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
Short
by Anatta0
4
ORBEX:GBPUSD,EURUSD -A Real Brexit Deal, OR Another Failed Vote?In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors! Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend! Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie all up! Meanwhile, the #EUSummit continues. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: Syria Operations Weaken TRY, Brexit Looks Good Pre-SummitIn today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal through better than May's - New customs border in the Irish sea; proposal - EU likely to agree on that deal, then through parliament Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Possible EUR/AUD Short position !!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.621 C - Fundamentals that may affect the pair AUD Unemployment Rate on the 17th Oct @ 10:30 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.621 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
FTSE100: NO DEAL BABY The technical side The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points. The result of a " no deal " Brexit   In the last three sessions it seems that this second hypothesis is becoming the most plausible one: the fundamental scenario remains strongly bearish both for the English index and for the pound as for now the exit from the EU with a "No Deal", without agreement between London and Brussels, seems to be the most likely option. This will entail a series of negative consequences both at the bureaucratic and institutional level, but above all at the economic level. Our target! We remain strongly convinced that, if there were no significant changes, the target of the FTSE 100 from now to a month is the support placed at about 6700 points and in the short term will lateralize between 6700 and 6900 points. Join us for further analysis on: Instagram : www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
OANDA:UK100GBPShort
by BFCMInvest