GBPAUD LongHey traders, in today's trading session we are monitoring GBPAUD for a long term buying opportunity round 1.88 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Bullishgbp
GBPUSD LONGChart explains it really. In line with higher time frame bias and confluence with bearish DXY I'm expecting.
Long position GBPUSDLong position setup GBPUSD, target at 1.3755-1.3775, extended target at 1.3800-1.4000
Bullish GBPAUD, retracementLast trading week displayed huge bearish pressure or weakness of the British pound. There was a massive sell off, with the issues surrounding "Brexit" further weakening the pound. I'm expecting a retracement then a continuation of the original trend.
Reason for Bullish move:
1.) Price is currently in a demand zone.
2.) Price broke below the monthly trendline
3.) Price made a new low, now it needs to retest the previous low.
*this may be looking to far into the future, but i'm thinking price may create an Inverse head and should pattern. If you look on my chart, you will see a possible left shoulder has formed. (don't take my word for it, just something to think about).
GBP/USD Eyes 1.34 HandleFundamentally :
Sterling refuses to push much lower, despite growing talk of a 0.25% interest rate at the end of the month.
Turnover is limited with the US market closed in observance of Martin Luther King Day but any selling pressure is met by buyers and the downside for now looks limited.
Technically
Key level of 1.30 Psychological zone seems to be keeping the Pound above Bearish territory. Price Action suggests along with fundamental backing that Sterling will continue seeing a Bullish run amid post General Election Business sentiment.
Break and close Below sees Bears return with next Bearish Target of previous Support at 1.28 - Although unlikely price may be pushed back into Demand zone of 1.22.
This unlikely but still possible - only with unexpected high impact news driving a reaction validation towards this extreme low.
For now, Bullish bias remains as Sterling creeps toward the upside.
GBPJPY Long Opportunity Chart Explains it all.
This is one of the strategies I use to catch swing moves on an intra day scale.
All confirmations in place for the buy once my yellow order block on M15 has been broken.
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LongTerm and ShortTerm Analysis of GBPCHF,
This monthly chart is a possible bullish bias I have for GBPCHF over the long term. A bullish upmove to my 382 @1.76048.
You can see that here:
What is my fundamental reason for this? My theory is that if the vote for new british leader is lost by Boris Johnson, then the Pound is bullish.
Now if this fails, odds are the pound will continue bearish, but if the Pound is currently bearish I have an alternative below:
If price manages to break 1.2938 then bullish bias is confirmed for buys all the way to 1.34
But if price is BEARISH:
Assuming Pound breaks 1.269 then confirmed down trend to my short term 382 and 618 take profits, 1.26158 and 1.24445 respectively.
Short EURGBP Looking at a trend continuation trade market currently within my kill zone looking at initial targets at 0.88143 with extension targets at 0.87001
GBPUSD BullishAs you can see, our prediction from Sunday played out almost perfectly this week. At this point, buy on dips, at least until we get a potential head and shoulders formation. At that point, whether this reverses or continues upwards will depend on how hawkish the Fed is looking for a rate hike.
It looks like retest on 1.47 to 1.48 level seen Before June 23It looks like a retest for the all time high may encounter next week. as seen in the RSI GBPUSD RSI not yet reach the 80% to 95% during Strong bull control. Be careful traders. Need to break the 1.46 level as initial target, followed by 1.47 and 1.51 long range target. Cutloss below 1.4007 level as their is no known support for the pass 5 years...
