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Conservative

Independence from the Tories: A new July 4th As the UK approaches the July 4th general election, the Labour Party is set to end the Conservatives' 14-year rule. According to the latest BBC poll tracker, Labour leads by 20 points, with 41% of the vote, while the Conservatives hold 21%, and Reform UK is at 16%. Labour's pledge to improve EU relations could strengthen the pound by reducing Brexit-induced trade frictions. This potential easing could boost the UK economy and support sterling. The pound has remained relatively stable ahead of the election, with the GBP/USD hovering near the 1.2700 mark. Despite the broad expectation of a Labour victory, traders appear cautious. A decisive break above this level could see buyers gaining control. Given Labour's substantial lead in the polls, it is plausible that the market has already priced in a Labour victory to a significant extent. However, the actual impact on sterling and broader market sentiment will depend on the clarity and execution of Labour's economic policies post-election.
by BlackBull_Markets
EURUSD Long Opportunity, 1:13 AvailableGoood morning ladies & gents. After taking out an area of buy-side liquidity, EURUSD fell into a multi-day consolidative range - today it broke to the upside. Now, EURUSD remains bullish. I'm looking for a pullback to this area (1.22305) where I'll be looking to take a long position with my take profit at the monthly swing high. Commitment of Traders data report states that EURO is extremely bullish & dollar is extremely bearish; hence, supporting a EURUSD long bias. I'll be looking to scale out at multiple points in this trade. I wish you all a profitable week ahead. - AmplaFX
Long
by Jiraiya_eth
ridethepig | GBP Fast Flows A very simple trigger for those wanting to cover some shorts from the initial elections entry; the key 1.315x support is holding and pressure has been completely absorbed. We are trading the bottom of the clearly defined range from the elections; 1.315x <=> 1.355x and markets rather than going overboard on risk will want to keep their cards closer to their chest until 2020. If we do lose 1.315x this will trigger a panic leg and immediately put us into impulsive territory in the macro chart below. Macro prints today from the UK were better than expectations and will be enough to keep BOE on hold and unlocks another test of 1.35xx. I will continue to use this pivot to position for the long-term flows: A perfect double top in the making? Smells like it... Thanks for keeping the support coming with likes, comments and questions. This is for advanced traders only as we are using the short-term range to decrease risk and scale into our position for a long-term trend . As usual with any questions feel free to open below.
Long
by ridethepig
2
UK Election Strategy For those tracking UK elections we have important updates on the opinion poll front, despite manufacturing declining further Pound will only move on election polls for the coming weeks. Here is a snapshot from the latest Westminster voting intention polls were released over the weekend: - CON = Conservatives, LAB = Labour, LDEM = Liberal Democrats, BREX = Brexit Party - Change from previous poll by the provider shown in () & provided by Britain Elects. - Furthermore, there were two model estimates of seat outcomes released over the weekend, with Datapraxis pointing to a 48 seat majority for the Conservative Party, while Electoral Calculus pointed to a 64 seat majority for the Conservatives. - Polling in the next few days/coming week will be key, and will reflect digestion of two major parties’ manifestos For strategy on the FX board we are going to dissect GBPAUD; a Johnson majority will present a knee-jerk positive reaction for GBP; which can carry cable towards 1.35 and GBPAUD towards 1.94xx. Although this option will guarantee severe damage to the UK economy via Brexit the initial perception knee-jerk reaction will be seen as positive GBP as it will pave a path for clearer pain. This will trigger the outlook switch from neutral in Sterling to sell, eventually cable will slip towards 1.15xx once we trigger the 'buy rumour sell fact' leg in Brexit. To the other side, a Labour majority or rainbow led coalition contains a knee-jerk downside repricing in GBP via Corbyn's unfriendly corporate policy. Capital inflows will dry faster than even the biggest bears on the street expected from Brexit. This will push GBPAUD to test the lows in the range 1.85xx. The last leg to the stool is a Hung Parliament , this will keep the country in limbo and immediately trigger Cable to test the 1.22-1.24 lows. A reset back to the chaos we were trading all year long, a country spending years in debate with no progress is very bearish for the currency. Thanks for keeping the likes and comments rolling.
by ridethepig
3
Time "X" is getting closer, Boris may be celebrating his victoryIn yesterday’s review, we already noted that this week may be decisive for several financial assets, and the global economy as a whole. On December 15, the United States may introduce tariffs on goods from China and thus bring trade wars to a new level. It's entirely up to an agreement between the parties. Even though we have heard positive statements for more than a month, the situation looks more and more menacing day by day. Although the probability of the successful completion of the first phase of trade negotiations between the United States and China is quite high, we will continue to look for points to buy safe-haven assets today. This recommendation will remain relevant until the actual conclusion of the contract. Meanwhile, in the foreign exchange market, is getting ready for Johnson's victory in parliamentary elections in the UK. According to recent polls, the Conservative Party will be ahead of the Labor Party by at least 10%. Recall, for Brexit, this means the end of the story - Johnson will be able to present his version of the deal Britain will finally leave the EU with the deal. For the pound, this is a powerful fundamental positive background. In this regard, we continue to recommend the purchase of the pound. It may well grow in the foreseeable future by several hundred pips. Since we are talking about the pound, we note that today will be published statistics on the UK. So you need to act with an eye on the data on GDP, trade balance and industrial production. Speaking of our other trading ideas for today, they are unchanged. Oil purchases still seem like a great idea to us in light of the latest OPEC + decision. Dollar sales are also promising.
by Trade24Fx
1
BTC Price Prediction March 2018What we're seeing yet again these past few days is healthy price action. I've been calling the ranges since the major market correction early Jan, here we are in March and since I have been finding success short term trading strategy I wanted to share to hopefully help people who are diligently looking for a break. After falling victim to the over saturated market Dec 2017 - Jan 2018 i've taken a much more conservative approach and my charts show how i've been trading and winning. Lets jump right into the price action paired with basic TA i've been relying on for clues. As you can see the price action is healthily breathing between $12,400 & $9,000 for the past 8-9 weeks. This is a perfect opportunity for disciplined and risk to reward based short term trading. The purple dotted lines represent previous support or resistance lines extended. The Red channel is the 12 week bear trend since the mid Jan correction and the green channel is the bull trend recently developed. The current price action is outside of both these channels and is lingering in between. This means the price action is steady and is either going to continue fluctuating within the consolidating range until it either breaks support and falls or regains hype and comes back to the bottom of the bull channel. With that being said for the next 30 days we can use the pitchfork to help us identify the probable price action range. As you can see using previous support lines we can expect the next test of support to be around $10,500. That would be a good place to get in if the price holds around that level for 2+hours if your being aggressive. If it falls through it will test the 2nd support line around $9,600. I'm going all in around $9,500 with a stop loss near $8,500. I've been selling portions of my positions ranging from $11,300 - $11,800. Taking and compounding $1-2% once or twice a month for the past 2 months. Utilizing stop losses minimizes losses while using price action to support predictions and taking humble earnings. If you're someone who has been losing money the past 90 days, stop what your doing, dig in and get humble! gotta start somewhere and it sure feels better to take home 2% profits as opposed to 20% losses. Please follow me for weekly updates where i'll be sharing my conservative trading strategy for educational purposes and hopefully to be the voice of reason for those of you on the brink of a bad decision!
COINBASE:BTCUSDShort
by mattieh14
EUR/USD shortThe market is currently downtrending on the daily timeframe as indicated by the red trend line. Looking on the 4 hour chart, we see that the pair has moved into consolidation indicating a potential retracement to the upside before continuing on its path downwards. Therefore, I've opened a short position where I believe the market may see bearish pressure and could rally down. Stops are placed high due to the risk of the market going up to retest the daily trend line (as so not to get stopped out). In addition, profits are placed conservatively at the beginning of a potential future support level.
Short
by lukasugrehelis
EURJPY Buy IdeaH4 - Price is moving inside a range. Currently the price is at the bottom of this range and we can look for buys as long as the range holds. Two possible ways to enter this trade: Conservative (H1) - Enter after breakout of the trendline. Aggressive (H1)- Enter once a bullish candle pattern forms after the divergence completes itself, which will also complete a false break of the alternative trendline. Protection below last low to be created. Targets 1- Risk Reward 1:2 Final target - Top of the H4 range.
Short
by VladimirRibakov
More bumps in LVS roadHistorically when this indicator surpasses this level, the stock declines by at least 1%. The average decline is 10.85%. There are many fundamentals in play with this technical indicator that will support a decline. There are three levels to watch, my play is always the most conservative one. CONSERVATIVE: A simple 6% drop to around the low from Dec 8 over the next few weeks. HISTORICAL AVG: For historical drops, I try to chose a conservative milestone. Even though the average drop is more than 10%, A safe play is a drop to the 52.10 level. LAST INTEREST RATE INCREASE: Last time interest rates increased. LVS dropped more than 22% in only 10 trading days! That was exactly two weeks about a year ago. Unsure what the reaction will be this time around since most pundits agree a interest rate increase is not built in to the recent BULL market boost. The stock could drop another 22%, but my conservative play is to the psychological milestone of 48.00.
NYSE:LVSShort
by StockSignaler
EURUSD - 2618 Setup+++ Don't forget to LIKE & Follow+++After yesterday's big upward move, now price is in a correction mode on 4H, EURUSD. Price is heading lower to test our structure shelf - presenting to us a potential 2618 Bullish Setup. This will be nice opportunity for all of you conservative traders. If you look left price didn't break current structure level @ 1.1130s, we only got Double Bottom. This Double Bottom is the foundation for our 2618 Setup. Price is giving us nice kill zone and alignment of 0.618% and the inverse "V" of the DB. I'm expecting price to enter in the KillZone and I'll wait for an entry reason. Stops below DB, 1st target will be previous cycle top - I'll trail 2n position. Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose