BXY
GBPAUD SELL TARGET 1.8000 (HEAR COME THE BEARS PART 2)-SELL OFF DUE IF WE CAN STAY UNDER WEEKLY RESISTANCE
- DONT FIGHT ANY CONSOLIDATION BATTLES AWAIT GOOD CONFIRMATION
BXY under bearish pressure! BXY is facing bearish pressure from our first resistance where we might be seeing a further drop to our first support level. Stochastic is also approaching our first resistance where we might be seeing a further drop in price.
BXY Approaching Support, Potential Bounce! BXY is testing our support where we might see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
BXY Approaching Support, Potential Bounce! BXY is approaching our first support where we might see a corresponding bounce in price to our first resistance level.
BXY under bearish pressure, bearish below first resistance levelBXY is approaching our first resistance where we might see a corresponding drop in price to our first support level at 6.974. Stochastic is also seeing bearish pressure from its resistance line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BXY - GBP - Avoiding Until Confirmation on Direction BiasAvoiding GBP if possible due to all the uncertainty.
Going to keep a close eye on BXY to hopefully get a sense of direction bias.
BXY appraoching resistance, potential drop! BXY is approaching our first resistance where we might see a corresponding drop in price to our first support level. Stochastic is approaching resistance level as well.
BXY approaching resistance, potential drop! BXY is approaching our first resistance at 7.0216 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9631 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BXY approaching resistance, potential drop! BXY is approaching our first resistance at 7.0216 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9631 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chances of Accidental No Deal Brexit Increased SignificantlyTraders are now aware of the April 12th deadline and that it will be extended into May if Parliament passes Prime Minister May's deal she made with the EU earlier in the month. However, the last deal she presented to Parliament lost by a staggering 150 votes. That's quite a bit to make up in 20 days. And what traders are probably not pricing in yet is the possibility of a no deal Brexit which the chances of over the past 24 hours just dramatically increased. Chances of accidental no deal Brexit were already elevated before Tusk's ultimatum. Overall, I'm now quite negative on every pound pair. Technicals at the weekly view also suggest GBPUSD is a bit overpriced. Here's more words and charts on the topic if you're interested: anthonylaurence.wordpress.com
