GBPUSD Intraday: Buying dips with 1,3000/3020 as targetHello,
The pound is gaining towards the end of the month / quarter, one reason may be the continuation of the EU / UK Brexit talks starts tomorrow (shorts profit taking ?).
GBPUSD strongly up from the beginning of the day, I hope for a slight pullback around the opening of the session in NY:
Longs 1.2860 / 40
stop below 1.2830
Target 1.3000 / 3020
Good luck
Fxtrading
NZDUSD sometimes is too fast and too high.... Selling some...Hello,
Commodity currencies are the greatest beneficiary of "unlimited" printing all around the world.
GDP from NZ weak, RBNZ cautious, and the chart "says" if not here, where?
Selling inside the zone 0.6730 / 80 (scaling?)
Stop above 0.6820
1st target: 0.6525
Second target: 0.6375
Good luck
GBPCHF Hawkish BOE is it possible ? Buy the breakoutHello,
sideways. Range 1.16 / 1.1500 from the bottom and 1.2050 / 2200 from the top.
in case of a surprise hawkish BOE statement (possibly in combination with a Brexit warming) this pair has a chance of a sharp / rapid rise towards 1.2080 / 2200
A breakout and a rise towards 1.19 is the number one point on the checklist
The return and retest around 1.1850 / 35 is number two and long entry
Stop at 1.1770
1st target 1.2080
Second 1.22
Good luck
EURGBP Buying dips but first wait for stop hunt....Hello,
from the intraday perspective, we are testing the potential demand zone.
BOE interest rates decision is great event for more market manipulations, so we can see stop hunt below 0.9080 / 60.
If so, then we should see a quick return above 0.9115 / 25, and then a retest of 0.91 which would be a confirmation of long positions :)
1st target 0.9180 / 9210
Complicated ? Maybe a bit, but the chart means more than 100 words :)
Good luck
EURGBP H1EURGBP M30 - Saw a break and retest of this pennant last week, but this was quite late during the week and markets then closed, and also failed to set new highs beyond the breakout high. I'm neither bullish or bearish on this until we hear more from the vote later on today. This will then set the tone going forward for the GBP markets and to a degree the EUR markets
USDCAD H4 - Short Trade SetupUSDCAD H4 - Slow markets like I mentioned in the video rundown, typical Monday, USD bear setup here on UC. New lows being set is required, nice break and retest already seen, CAD was an out performer last week, and USD was weak, trying to established whether this is a continued theme into this week too.
EURGBP Intraday: buy dips... again, 9140 first targetHi
what we have seen lately it was aggressive defend of 0,90 after some stop hunt below, more weak short to be shaken out in my opinion so for now Im looking t buy dips:
towards 0,9010 and 8980
tight stop below 8970
first target 9140
second target 9340
good luck
NZDUSD the correction not over yet NZDUSD weakness extended overnight, breaking below the early
August low and uptrend form March, currently at 0.6597/75, thus
completing a small top and finally managing to follow through on
the recent bearish “outside day” and the bear “wedge” that is still
in place.
Beneath .6503 could see weakness extend even further with next
support seen at .6466, ahead of .6450/41. It’s worth highlighting
the ‘wedge measured objective’ is at .6400.
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Nice strong GBP rally for the last few weeks, performed excellently, saw a bit of exhaustion towards the latter part of last week as we failed to set highs, that being said, we haven't set new lows, so we are technically range bound until we see a breakout. Generally would like to catch an opportunity to buy from support and hopefully break new highs (as indicated on the chart).
USDWTI H4 - Long Trade SetupUSDWTI H4 - Really want to pulldown to this support retest zone, we pulled down to 40.10, but think ideally 40.80 is optimal entry, seen an existing pullback in the last 15 minutes of circa 30 points. But don't want to jump in prematurely, patience pays, patience always stops FOMO fuelled losses!
GBPJPY shorts in play, 132,50 and 130 as medium term targetsHi,
yesterday evening news hit the market:
UK press reports the UK is close to abandoning a post-Brexit trade deal with EU
and thats one of the helping hand for sellers...
Selling between 135,80/136,40
Stop above 136,50
Targets:
1. Intraday 134,30/20
2. 132,5
3. 130
Good Luck !
GBPAUD H4 - Long Trade SetupGBPAUD H4 - Broke the interim S/R zones as we kicked of this weeks trading, rejection the major resistance at 1.80800 and have since seen an aggressive selloff, mentioned in the rundown video we would like to try and catch bid at 1.79800, relatively tight stops and great take profit extension. Potential 7.6RR.