GBP/USD : Watch this Area Very CloselyExpecting upside move after Bullish engulfing pattern.
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Gbpsignal
GBPUSD,H4, SHort-GBPUSD is under pressure of all the brexit related pieces come out about everyday, potential threat to a deal one scenario is up as johnson is enduring many ways to hit it. Look for some pips on the pair and get out of the trade as its very volatile in the longer run due to brexit flames splashing all aound.
GBPUSD making first elliot waveAs GBPUSD was falling very hard from last few days because of some fundamental news specially braxit issues,
but now we can see a better reversal and first Elliot wave will start forming here
So You can just fly with the flow on GBP, i will never recommend long term trades but keep getting small profits with small exits, its better idea rather than risking heavy funds
GBPUSD bullish breakoutGBPUSD bullish breakout from positive sign may test 1.2840-1.2860.
This breakout is fade out or real its matter of time but price action suggest positive momentum continue.
GBPJPY Trade OpportunityWe broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.
GBPCHF Signal: 30min Classic Breakout EntryThe strong gains that took place in GBP were triggered by remarks from EU Barnier. Barnier stated that the EU is willing to offer the UK a trade deal that has not been offered to any country yet. These comments neutralized Theresa May's comments when asked about brexit, saying that 'it will no be the end of the world' which weakened GBP earlier.
In GBPCHF 30min chart there has been a 30min breakout as the support (in green) gave way. The strategy would be to wait for a 30min close above the resistance (in green, former support), which may pave the way for further gains, targeting 1.2660.
Although the following may be less relevant for GBP but more for CHF, Canada's deadline to reach a trade deal (NAFTA) with the US is tomorrow (Friday).
FUTURE AS PREDICTED GBPUSDCheck the past few days posts - Spot on
Monster profit accomplished LONG from here.
GBPUSD Pre Vote HikeSo looking at the Long term Medium term and Short term trend analysis for GBPUSD here on my chart you can see the current sideways pyramid structure forming our current price point and pressure zone.
Based on the key events to come my belief based on all current knowledge of current affairs, political/economy/geo-political issues, my take on GBPUSD value is a big strong rise in value and price over the next month post-vote hike report.
For now play the bounce further down as we build up BULL clouds below. See the report drop and watch it run - Like Roadrunner on acid.
