Gbpshort
LongTerm and ShortTerm Analysis of GBPCHF,
This monthly chart is a possible bullish bias I have for GBPCHF over the long term. A bullish upmove to my 382 @1.76048.
You can see that here:
What is my fundamental reason for this? My theory is that if the vote for new british leader is lost by Boris Johnson, then the Pound is bullish.
Now if this fails, odds are the pound will continue bearish, but if the Pound is currently bearish I have an alternative below:
If price manages to break 1.2938 then bullish bias is confirmed for buys all the way to 1.34
But if price is BEARISH:
Assuming Pound breaks 1.269 then confirmed down trend to my short term 382 and 618 take profits, 1.26158 and 1.24445 respectively.
An idea, Short on GBPAUDlooks like bearish divergence across the Sto.?
Shorted for financial freedom! Fingers Crossed.
GBPCHF planAnalisa Teknikal masih mencadangkan saya untuk Bearish kesemua GBP pairs. Risiko besar bias ini adalah perkembangan terkini Brexit & suasana politik di United Kingdom. Berdasarkan data-data yang lepas, market seolah-olah "react" jika news tersebut berupakan news yang tidak baik bagi No Deal Brexit ataupun apa sahaja yang kena mengena dengan Boris Johnson.
My technical analysis suggest that I should be bearish the Pound Sterling. The risk for this bias is any development of Brexit that usually led to Sterling to be bid. i.e No Deal Brexit, any bad things happen to Boris Johnson
Price action yesterday was exactly what I wanted. Since I am bearish GBPCHF, i was looking for a bull trap at the levels that I have marked today on the chart. P2 bearish had been activated, I am still waiting for a bearish trigger signal and/or another test on the upside, preferably breaking yesterday's high.
The daily range yesterday exceeded the 20-day ADR upside projection hence I am anticipating a more subdued price action today. Just anticipation. I love volatility, I wish there is one every day.
GBPUSD SHORTAfter seeing 3 rising peaks previously, price moved down significantly. I assume a similar pattern will occur now also.
Short GBP/USDSelling from the OB to below equal lows and a daily level where price will be rebalanced before going higher into the week
GBPUSD SHORT-Long wick formation on support suggests going long until 1.22040 and rejection of TL back down.. or market re-opens and pushes through support to continue short.
This coincides with my EURGBP analysis, as GBP loses its value, we'll see the opposite for EURGBP.
Sell Stop GBPCADfundamental weak GBP with a strong CAD. Strong bearish momentum.
i do 300-500 pips per week. Check my bio for proof.
GBP/AUD SHORT (wait for confirmation)FX:GBPAUD This morning this pair is giving us a short idea, but I would be patient, I expect a bounce from this level but I want price action to tell me more clearly that the price is actually tired and wants to keep falling.
We are in my fav level 50-61,8% Fibonacci, pin candle is about to form (let's wait) and we approached a resistance level, let's see what happens.
Just my vision.
Much more weakness is likely in GBPEURTwo chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region.
As it is long term pattern, be ready that this scenario may play out over next few years, and not something to expect in next few months. However, with brexit deadline getting closer, more volatility certainly is likely.
As of now, short with stop at around 1.125 may be attempted for more downside.
GBPUSD Potential Short OpportunityHTF GBP Bearish
USD semi-bearish
15m fibs show a possible retracement to the .7 level and then bearish momentum
GBPUSD WAVE ANALYSIS 12 JUN 2016Hello Traders,
GBPUSD fell into complex corrective pattern. This week Pound find support @ 1.2655 level and could not brake the previous week high. I am looking wave C of B downside upto the support level of 1.2605.
I could be wrong but do you see a short on GBPUSD 15 Min?I zoomed in on to the 15 min chart and I can for sure see what I think is a possible selling opportunity. It might now trend down for long but you can for sure catch a few pips off this move.
I would enter now and set a stop a few pips above the resistance. In that case if the trend is directly up from here you won't risk very much capital.
GJ EW UPDATE1. Truncated wave 5 means the current wave is making abc correction upwards
2. This impulse and correction waves can be constitued as wave 1 &2.
3. Further downside is expected to finish up the C leg.
