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Britishpound

GBP/USD Forecast | April 21, 2020Hello Traders! Considering the current status of COVID-19 and the upcoming UK Claimant Count Change (Unemployment Claims) that will be released in a few hours (Around 1 a.m. Central Time), we could expect to see a downward movement of the GBP. If unemployment rates are worse than expected, we can take this opportunity to make a profit by selling the British Pound. Again, due to the extremely high volatility of the markets in these past weeks, there still is a possibility that the markets could bounce up instead. For that reason, I would suggest using "Sell Stops" at a lower price point instead of current market execution so that you can add a layer of risk management in case the markets don't move downward. Thank you for considering my opinion on GBP/USD! - ALPHALICIOUS Disclaimer: This is my personal opinion on the upcoming markets. I am not responsible for any trades that you place. Please trade using proper risk management and your own analysis. Thank you.
Short
by alphalicious
1
Bull Flag Consolidation For British Pound Index Reason To LONGBritish Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon. Key Trading Plan: i) LONG if the price breaks the resistance of 126.00 with the Take Profit Target of 131.00. ii) SHORT if the price breaks the trend line of at least below 124.00 to the support (Take Profit Target of 122.00). ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors. ‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
TVC:BXYLong
by SIDCapital
Fantastic Golden Pocket Fib Opportunity on GBP/USDIn this idea I will explain to you how to use one of the lesser known strengths of the Fibonnaci Retracement, called the Golden Pocket. We will use it to show a LONG opportunity on GBP/USD, including two different fib based targets. The “golden pocket” is the name of the area in between the 0.65 and 0.618 Fibonnaci retracement (Where 0.618 is related the golden ratio, which gives it the name "golden"). I usually make the area a bit bigger which is why I charted it here from the 0.618 and the 0.786 level. This area is known for its high likelihood of trend reversals. The fact that the price is now in this golden pocket means that there might come a stop to the temporary downtrend on GBP/USD that we have seen in the last two weeks. I suggest a long trade set-up here to the 0.382 level for target one and to 0.236 level for target two. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
5