British
GBP/USD Lowest Low Ever! Hey Traders, I'd really like to know what any Faders think about about this chart.
July 2016: Lowest Low Recorded Ever.
What do you think is next based on your experience and expertise. All opinions are welcome!
GBP/USD - Breakout. It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting.
Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be 1.301 (the top of the rectangle), likewise if the wedge breaks bearish support will be at the 1.2891 level.
Gbpjpy supportsimple long term support, if holds we will see a good bounce. Chart is self explanatory
GBP/AUDBREXIT. Sitting on my hands to be fair. the uncertainty isn't my portion. Anyway my thoughts on possible outcomes. i believe the target I've set can be hit on the exact same day of the decisions, looking back to the Swiss move previously, market is much more prepared for volatility than previous.
GBPJPY LongWe have a broken trend line on a very unstable pair, considering brexit and all.
Don't risk too much on this pair as GBP acts really randomly, but with all that being said, this trade has a great ratio and we have already pulled back and am expecting upward movements to 157-158.
GBPJPY Time for Long?Completed its downward leg
Hits 0.5 Fib
Hits support and previous resistance which could be seen as another support now
If breaks, would be a good idea to sell the break (unlikely though)
GBPJPY Formation of a new trend?GBPJPY broke downward trend from previous months.
Hitting 0.7 Fib, retracement back to structure line which from resistance becomes support and then up again.
GL
GBPAUD SHORTGBPAUD currently hitting resistance line of a bearish trend since September last year.
Taking Fibonacci from the highest point of the current trend (in August last year) and lowest point from April this yea), it hits 0.3 Fib level.
Structure + 0.3 Fib + Over-bought daily chart, all indicate short.
Good luck!
EURGBP - Bearish Gartley Into Wave 4 Before Catching Wave 5!We have a nice potential Gartley about to complete around 0.79284, you can look to sell right there with your stop loss at 0.79550.
Your first take profit on this one will be 0.78660.
Once you close that trade, you should be looking to buy EURGBP into around 0.80000 which will most likely be the completion of wave 5.
Good luck! (Wave count may be wrong, however the Gartley still looks like a solid sell for everyone.
Watch out for GBP news tomorrow!
If you are in profit tonight around 30 pips, put your stop loss at break even so that way you can ride it through the news tomorrow.
British Land symmetrical triangle breakout and gap fill at 760I expect British Land to break out from this triangle formation next week. Brexit selling in the short-term has been absorbed by value buyers. It's trading at a wide discount to it's net asset value. There is a gap on daily at 765-770 which should get filled and you could scale out there. Trix Ma is about to turn positive on weekly
GBP AUDGBP AUD pair was trading in channel with impulse waves, could possible sell from here to repeat impulse with atleast two waves.
Sell GBP AUD
@1.8825
Target: 1.8730
Stop loss: 1.8875
Gud luck !
GBP USD BUY AND HOLD REGARDLESS of it drops to short will wait for price action but I think long term it will be long... checking from monthly and dialy there might be a lower swing... but price has never broken that key support area and I don't think it will... I think it will bounce of the resistance from short and hit a long... this might not be tomorrow but long term long
GBPCHF reversalThe price and 2 indicators MACD, RSI formed the divergence. ADX falls and shows that bears have no power for moving the price lower. The entry level is 1.3912, Stop Loss 1.3715 with Targets 1.4138 and 1.4520, if price breaks MA50.
Short GU Following the recent fall in price, ill be shorting at 1.43822 IF resistance is found in the blue area again for a third time.
$GBPAUD Bearish Wolfe Wave: 60 Min Time FrameHello Traders,
The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave.
Best,
Chartistry
