The situation looks very dismal for FTSE100 as since June's High, the index has been trading within a Channel Down that has already lost almost 50% of the post March gains. Additionally, the MACD on the 1W chart just made a Bearish Cross. The whole sequence from start (Death Cross) until now, loos very similar to the 2008/2009 credit crunch. Have the markets lost...
HELLO TRADERS, QUICK UPDATE ON GBPUSD. OUR VIEW ARE BEARISH BELOW 1.300000 KEY LEVEL. LOOKING FOR 1.27800 TODAY IF POSSIBLE WITH MARKET NEWS. IT IS FRIDAY WHICH TENDS TO USUALLY BE A SLOW DAY. OANDA:GBPUSD THE TRADING REGIME.
GBPJPY completed 5 waves, set up for ABC correction. Like, Comment, Follow
HELLO TRADERS! ITS THE LAST WEEK OF THE MONTH OF JULY AND WE AREN'T USUALLY VERY ACTIVE AROUND THIS TIME DUE TO MARKET CONSOLIDATION AND ACCUMULATION DURING THIS TIME LEADING INTO A NEW MONTH. OVERALL BEARISH PATTERN ON GBPJPY WEDGE FORMATION HEAD AND SHOULDERS VISIBLE ETC. ETC. WE ARE USING ONLY 1.5% RISK ON THIS TRADE WITH A 1:4 RISK TO REWARD TARGET....
FA: Britian have failed to strike a trade deal with the USA due to Covid and that being a priority currently- however, this was something that they were relying on after Brexit. Therefore, there may be downward pressure on the Pound. Response to the outbreak was rather lackluster and a Brexit deal is looking more unlikely with the EU prioritising their response...
After a nice pull-back on EURGBP which is an overall bullish trend, we expect continuation to the upside in this pair! Lets go! happy trading The Trading Regime!
On Friday I analyzed GBPUSD for a short opportunity, I was wrong. After the currency pair was broken down, I identified a strong sell opportunity as displayed with my technical chart work. The GBPUSD currency pair was in a 4hr range for the past few weeks and is now showing signs of a breakout emerging. In my opinion that breakout was to be to the downside seeking...
Hello Traders. Stochastic RSI is sky high. Would like to bring to your alert that Tesla is a "Castle in the Sky". I have done the fundamental analysis on Google and bring to you a message. Facebook and Google are both funneling money into Tesla. Tesla is the last castle in the sky for the "New World Order". Apparently, Elon knew the whole time. This was an...
Long Entry criteria met Oversold Indicator triggered Held above 150EMA Tp 1 1:1 Tp 2 1:3 SL Below the low
Just before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE...
The Supreme Court has ruled that Boris Johnson suspended UK Parliament unlawfully. Also, Johnson gave the Queen illegal advice to suspend Parliament. On the one hand, the news is not good for the pound, because it means another domestic political crisis, on the other hand, such a court decision should lead to Johnson's resignation. The pound has recently followed...
Wait for correction to the weekly central Pivot/M3 of next week, then Sell between the 55/100 EMA and below the weekly M3 of next week . Conservative target is M1 of future weekly Pivot which is also S1 of this months pivot (PLAN A). If Pullback is stronger then sell at monthly pivot point/trendline/top of regression channel (PLAN B).
The GBP pair in my opinion has began to form an harmonic pattern. This pattern to be formed is a bullish butterfly and has currently completed XABC-leg and I am expecting a rally unto D, which will form the last CD leg at which point we will look to buy this currency pair or possible even continue our sell positions. NFP will be the momentum push to complete this...
As i mentioned in my previous post, this pair is correlated to the GBP/USD pair. Prices are also moving in a downtrend, after having breached an ascending trendline. . The price also broke out of a symmetrical triangle to the downside and completed a retest. Price is making a series of lower highs and lower lows. May the bears take over the world!!!
GBPJPY sell emergency stop loss @ 147.00 to give space for volatility. manual close if hourly/H4 candle close above 146.550 use proper risk to follow this trade plan.