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Brexitkeylevel

MTF killer zoneThis is a MTF killer zone, its drawn when yesterday or the last period closes, it so powerful. The way I use it is buying and selling as a support and resistance (but it's not support and resistance ), or at a retest when it break, and if it not being touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or period in the future). You can use it as a target if you already have an open position in the market, or use one time frame for entry and other for target. I can send for you on request different time frame key zones, such as monthly and also good for yearly. I recommend major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities). Enjoy the setup please! :)
by ghattas360
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
Brexit All you Need to Know about the UK Leaving the EU 🍃📌 Brexit: What happens now? The UK left the EU on 31 January 2020 and is now in an 11-month transition period. During this period the UK effectively remains in the EU's customs union and single market and continues to obey EU rules. However, it is no longer part of the political institutions. So, for example, there are no longer any British MEPs in the European Parliament. 📍 MP's back Boris Johnson's plan 📍 What is Boris Johnson's deal with the EU? Future trade deal Negotiations on a trade deal with the EU have been proceeding for several months. The UK wants as much access as possible for its goods and services to the EU. But the government has made clear that the UK must leave the customs union and single market and end the overall jurisdiction of the European Court of Justice. Both sides say there a still significant areas of disagreement - for example, on EU proposals for a so-called "level playing field", which would see the UK and EU maintain similar minimum standards on things like workers' rights and environmental protection. 📌 Brexit: What is a level playing field? The deadline for the two sides to agree an extension to the transition period has now passed. If no trade deal has been agreed and ratified by the end of the year, then the UK faces the prospect of tariffs on exports to the EU. The prime minister has argued that as the UK is completely aligned to EU rules, the negotiation should be straightforward. But critics have pointed out that the UK wishes to have the freedom to diverge from EU rules so it can do deals with other countries - and that makes negotiations more difficult. It's not just a trade deal that needs to be sorted out. The UK must agree how it is going to co-operate with the EU on security and law enforcement. The UK is set to leave the European Arrest Warrant scheme and will have to agree a replacement. It must also agree deals in a number of other areas where co-operation is needed. It's also important to recognize that major changes will take effect on 1 January 2021 whether or not a trade deal is agreed. Free movement of people will end and businesses trading with the EU will have to follow new rules. 📌 What are the big issues at stake here? Top of the list is a trade deal to ensure the tariff and quota-free flow of goods between the EU and UK. But the EU will only agree to zero tariffs and zero quotas if the UK pledges zero dumping – that is, not lowering social and environmental standards to outcompete the EU. Negotiators will almost certainly clash over the EU’s refusal to bring services into the trade deal, leaving the City of London reliant on a patchwork of market access agreements that can be withdrawn at any moment. Another early fight will be over fish, as the EU seeks to link goods trade to maintaining the status quo on access to British waters, a demand seen as outrageous in London. The non-trade topics sound easier, but are full of political landmines. For instance, agreeing a replacement for the European arrest warrant will require Germany to change its constitution. The UK will struggle to achieve the historic first of securing outside access to some EU crime-fighting databases. 📌 What will happen to the economy? It depends who you ask. In the short term, much of the risk seems to have been priced in, at least on currency markets, where sterling still languishes compared to where it was in June 2016. The stock market is well ahead. 📍 Sterling is still down on its pre-Brexit vote position 📍 Shares have rallied recently, partly fueled by greater Brexit certainty 📍 Investment in UK business has fallen behind other G7 countries Share your Views and comments ideas below to make things more better. Thank you
Education
by Ridethemacro
GBPJPY - AUG 17- 21ST BULLISH CONT ? OR CORRECTION?!HELLO TRADERS, HERE'S OUR ANALYSIS OF GBPJPY WE COULD SEE EITHER A CORRECTION TO THE 135-136 HANDLE OR CONTINUATION TO THE 141-144 PRICE POINT PRICE DID CREATE A NEW WEEKLY HIGH THIS WEEK AND HAS SURPASSED MARCH HIGHS BUT FAILED TO CLOSE AT THE HIGHS THIS WEEK SO WE COULD SEE CONTINUATION COME SUNDAY MARKET OPEN AUGUST 16TH INCREASING WEAKNESS IN JPY NOTICED DUE TO ECONOMIC FACTORS. ANYHOW, WE LIKE TO KEEP IT SHORT AND TO THE POINT. THE TRADING REGIME!
Long
by EvaultFinancialGroup
Pound Sterling Massively Overvalued if No Deal Brexit We are fast approaching a conclusion to the Brexit story. While no deal Brexit chances greatly increased over the past week with a short extension of April 12th, UK Parliament is still weighing over whether or not to pass May's deal, a rejection of which would even further heighten the chances of a no deal Brexit. If the House of Commons can pass May's deal, then a major crisis is averted and pound sterling may trade at higher levels or may stay muted as a deal between the two is largely priced in. If however a deal cannot be concluded and pound sterling dollar is overpriced, then we can expect to see dramatic swings lower in this pair as a no deal Brexit would certainly bring chaos to the foreign exchange and equity markets. The politics of this situation are a bit tricky. Both sides want a deal which incentivizes some amicable conclusion to this. However, such a deal is not necessarily in the offing. Shorter duration trades could be made to the upside, but the politics remain key in price action since economic indicators and technicals are being dominated by the headlines. Much more analysis on how the politics could play out here: anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
EURGBP Scalping Strategy, How to exploit BREXIT volatilityLet'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 you want to wait for the perfect storm. When we say scalping and FX usually it means some badass leverage, and when that's the case I'll give you a golden tip, I don't want to explain it because it takes time, but use tight stop-losses. It's much better being stopped at any price then liquidated. It preserves a lot of capital at the end of the trading month. Once you get in, your stop-loss is the very first Spectro Auto Fibo Level after your entry point. The reason why I chose Scalping instead of a fundamental trade here is simple, fundamentals take time and research, for a scalper that doesn't matter. What it matters is that there is volatility, and that's something the whole BREXIT deal is giving us, doesn't matter the direction, as long there are moves that's what we're looking for. This strategy works both ways, with the same logic. Unfortunately, I took to long writing and preparing this and the price already breached two levels while I wrote this, that's the problem about sharing scalping strategies, it moves fast. Bear with me. In this case, since it's a strong downtrend on D, close to strong resistance, that's why we are shorting and not longing. Big timeframe trend dictates the type of trade I'll do - I'll only short this asset, not long as long as we have a bearish bias on bigger time frames, trading with the trend shift the odds on your favor. In this trade, there are many good bearish indicators, Omega Bearish Reversal on 15, XConf bearish arrow on 60 and the trend analyzer + Fibo Bands are very bearish on D. That's why shorting. If you don't understand how this indicator works go to my related ideas. Good luck with your trading.
Short
by spectertrading
GBP/USD struggles to bypass monthly PPGBP/USD struggles to bypass monthly PP In line with expectations, the overall optimism related to progress made on tax reform and decreased probability of a government shutdown continued to push the cable downwards. Although the pair has crossed the 200-hour SMA, the further plunge was temporarily stopped by the monthly PP at located at the 1.3372 level. But since information background remains positive and the currency rate is located within junior descending channel, it is expected to continue moving to the bottom towards the 1.3340 mark. In any case, an active surge is unlikely as northern side became protected by a combination of the weekly PP, the 55- and 200-hour SMAs. The only factor that might break the above resistance would be political news especially the one that are related to Brexit.
by UnknownUnicorn890690