Get started

Gbousd

GBPUSD will go down.. unless there will be a miracle news...We observe the golden cross in the price however, we must consider the long term trend which is in the C wave. If you will also check the daily chart, it will be clearer to see the direction of the price. On the fundamental side, investors are looking for stability in the market before they invest in risky assets. In such, we see that the BREXIT is still in the shadow. We all know that brexit is bad for UK, the worse scenario is no deal which will give a chilling signal for the pound. Again, I'm currently trading on the short term goal and staying away from both day trading and hold strategy.
Short
by kingsanjose2011
GBPUSD SHORTAs I mentioned in last weeks post, we are currently testing that 1.29-1.30 support. This area is going to be extremely crucial in determining what comes next but I am expecting a retest of the 1.305 ish price mark before a continuation of the downtrend. The MACD bearish Divergence is now currently confirmed signaling the just now start of that downward trend. The break of the trend line indicated will see us looking to retest the 1.28 zone which may or may not hold and failure to do so will find us headed back down to the 1.26-1.24 range. With HEAVY GBP and BREXIT news next week, I expect a crazy amount of volatility so we want to be very careful trading GBP pairs. Remember, patience is KEY! GL DISCLAIMER!!!! My Ideas are mine and mine alone and are only to provide my perspective of the current market situation. Do not take my posts as trading decisions for entries or exit. Trading the FOREX market is very risky and indulge in it at your own risks!
Short
by TazTrades
Range trading: Forex as for 31/10/2018Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1281 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.1261 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.1242 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1405 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1425 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1444 GBPUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.2619 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.2591 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.2563 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2792 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2820 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2848 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 112.63 Long position 2 (The price today will not fall below this mark with a probability 95%) 112.43 Long position 3 (The price today will not fall below this mark with a probability 99%) 112.22 Short position 1 (The price today will not rise above this mark with a probability of 68%) 113.72 Short position 2 (The price today will not rise above this mark with a probability of 95%) 113.92 Short position 3 (The price today will not rise above this mark with a probability of 99%) 114.13 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
GBP/USD Long Term Trade OpportunityGBP/USD broke its 1st major resistance level and may soon be on its way to breaking another resistance level. The US Dollar is at a weak point right now but the GBP is looking healthy. Future economic news could push the U.S. Dollar further down and GBP well much higher. You might want to keep an eye out for this pair; I see a lot of good opportunities coming. P.S. I created a key so that you can reference my line work and understand the fundamental part that each one plays. I apologize for not being too elaborate on this post but it is currently 12:06 GMT and I have work tomorrow. Anyways good look trader, and feel free to ask a question if you need help conceptualizing any of my content.
Long
by austinlmkc
BEARISH TRENDLINE BREAK GBP/USDAfter a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward. if market does not retrace, a strong close below 1.23113 will also provide a decent shorting opportunity with slightly lesser risk reward gains with targets also down at 1.2500
Short
by Joe_Keegan