EURGBP: This is what will happen with BrexitBoth sides will concede and we will ultimately have a Brexit that looks something like a Bremain.
GBP (British Pound)
Week 14: Trading planThese are the pairs I am currently watching and am interested in for the coming week.
Happy a nice week!
Exclusive Elliott Wave Video Update: EURUSD, GBPUSD, AUDUSDHello traders,
I hope trading goes well.
Well, it's been sometime since I made video analysis, so after looking at some old charts I came up with an idea to update you on some of the FX market since December video analysis.
Also, I see some very interesting developments on EURUSD at the moment. I really think it's worth to keep an eye on it.
Please, if you like a video, pres LIKE below.
Thank you,
Grega
WEEKLY RECAP AND GBP/CHF OPPORTUNITY RECAP OF THE IDEAS POSTED THIS WEEK AND THE LAST TRADE IM IN, GBPCHF
GBPCHF MULTI-TIMEFRAME ANALYSISBASED ON THE ANALYSIS ABOVE WE HAVE A BULLISH VIEW ON THIS PAIR AND ANY VALID TRADE OPPORTUNITY WILL BE TAKEN TO PUSH THE MARKET TO THE MENTIONED TARGET
GBPJPY: My First Trading Video!!!I hope everyone enjoyed the video and please let me know if you want me to do another one. **excuse my german english haha
POUND GAINING STRENGTH??GBPAUD Technical Analysis. Aussie losing strength on all pairs coincidentally ;)
GA H&S in Peak Resistance area.I love trades like this, a cheeky Head & Shoulders formation at the top of a potential Range. Nice big round number, very simple trade.
GBP CAD the proper way of analysis.watch video till end and try to understand the proper way of technical analysis.
GBPNZD Weekly + 4hr Entry ShortWould of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
GBPMXN - early next weekGBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time.
Losing? Big time? Ooops - nobody want so hear about that! Right? LOL.
I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two months. This time around I'm more controlled and more disciplined.
So, early next week I'll decide what I do. Gonna study this one more over the weekend.
This is not a 'revenge' trade - if I get involved. I don't do revenge. That's novice stuff.
I may well stay out.
GBPCAD - ranging market with underlying potentialI'm stalking GBPCAD and other Sterling pairs for action next week, as Brexit talks have yet again broken down.
Stalking is about vigilance, and investment of time in being prepared.
Pound Kiwi (GBPNZD) Long!!!Hey Everybody, Alex Here!
As you can see I'm currently eyeing a nice long set up on GBPNZD. I know everybody is bearish (bad) on the GBP at the moment due to all the discord concerning the Brexit talks currently taking place in Brussels. Even thought the overall sentiment towards the GBP is bearish (bad) and this trade is favouring GBP strength over the NZD, the economic out look for NZD is not looking good either, terrible actually. Thats the key here! For all you traders that really like your fundamentals to be in order before taking a trade, this isn't a trade of one currency being positive and the other being negative, its more of a... which currency sucks the least. So with that being said I do feel that UK is in better shape then the New Zealand art the moment.
Now that we got the Fundamentals out of the way, lets just clarify the Technical confluences outlined in the video.
as you can see price broke to the upside of the wedge it has been forming, and has been on a sharp trend upwards ever since.
On top of that a last leg of the Eliott Wave is looking likely, with nice doji candles forming at an area of prior resistance now turned support which also happens to be the %0% fib level.
As you can see there are decent Fundamentals paired with many Technicals supporting a move upwards for this pair!
Hope this idea helps, and please feel free to like or comment as long as its positive!
Happy Trading,
Alex
GBPCHF Short Trade EntryGBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside.
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GBPUSD & EURGBP post BoEBoE Vote split comes in at 6 - 3
BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively.
- Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B
- Haldane, McCafferty and Saunders dissented, voting instead for a June hike
- Majority on MPC still reassured Q1 softness was largely temporary, but preferred to wait for further data on economy
- Dissenters saw greater likelihood erratic Q1 growth would rebound, saw upside risk to wage inflation
- MPC will not reduce stock of QE until Bank Rate reaches 1.5% (prev 2%)
- Reduction in QE stock will be at a gradual and predictable pace; over number of years
- Ongoing tightening of MonPol remains appropriate over forecast horizon
- UK economy to develop in line with May QIR forecast
- Global data since May QIR was mixed, financial conditions had tightened
GBP vs USD Ichimoku C-Clamp Trade Setup 5-17-18GBP/
In this quick take video I want to take a moment to show you a C-Clamp trade opportunity with the GBP vs USD.
GBP Consolidating Further After that Huge Sell Off. Whats Next?GBP/USD GBP/AUD GBP/JPY GBP/CAD
Pound Meltdown now being subdued a little? Can we continue to fall?
EURGBP About to start the next move upEURGBP About to start the next move up - As it breaks out of its flag formation we can look long on a break of the 200EMA
GBPJPY SHORT RUNI BELIEVE THAT PRICE FOR GBPJPY MAY LOOK LIKE IT IS MOVING SLOW BUT IT IS CREEPING ON A BIG BEAR RUN. THE FACT IT CANNON GET PAST THE DOTTED (WITHOUT THE ASSISTANCE OF NEWS) I STRONGLY FEEL LIKE THIS PAIR WILL HAVE A NICE BULL RUN.
GBPCHF BreakoutIs it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
GBPCHF Potential Sell Trading PlanGPBCHF is Standing on D1 Resistance zone
There are several reasons to short this pair
Reason 1: D1 Resistance Zone
Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing"
Reason 3: H1 Ascending channel downside Breakout
Reason 4: Bearish RSI divergence
Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick pattern confirmation this will be 5th reason
GBPNZD Carbon Copy of last nights tradeBe wary of the breakout to the upside owing to the Daily EMA's
GBPJPY Clean Breaks & RetestThis looks like a really clean set-up on really strong PRA - Must be careful of the potential bull flag forming now but bias is down for sure.
