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Gpb

GBP/AUD short setup, target 200-DMAGBP/AUD weakens after UK PMI services misses forecasts. Markit's Services PMI dropped to 50.1 points in January, reflecting meager growth. Recent data from the UK haven’t been impressive and Brexit progress is minimal. On the other side, Aussie buoyed after RBA stood pat and sounded optimistic about the jobs market. GBP/AUD recovery rejected with a 'Gravestone Doji' formation on daily charts. Bears' next major target lies at 200-DMA at 1.7880. Violation there will see downside till 61.8% Fib at 1.7710. Good to go short on upticks, SL: 1.8125, TP: 1.79/ 1.7880/ 1.7710
Short
by FxWirePro
Possible trend shift in GBPUSD – going shorthe Tidal Shift Strategy has just sold GBPUSD at 1.30447. The system recommends entering this trade at any price between 1.30227 and 1.30667. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.00116, which suggests that the GBPUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00176, so the stop loss has been set at 1.31326. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 61562 Time Issued: Friday, 01 February 2019 10:00:16 GMT Status: open Entry: 1.30227 - 1.30667 Limit: N/A Stop Loss: 1.31326 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
Possible trend shift in GBPUSD – going longThe Tidal Shift Strategy has just bought GBPUSD at 1.29371. The system recommends entering this trade at any price between 1.29128 and 1.29614. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.04339, which suggests that the GBPUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00194, so the stop loss has been set at 1.28399. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 61235 Time Issued: Thursday, 17 January 2019 17:00:16 GMT Status: open Entry: 1.29128 - 1.29614 Limit: N/A Stop Loss: 1.28399 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
1
GBPUSD Broke Out Of Support, Sell On Strength!Sell below 1.3914. Stop Loss at 1.3998. Take Profit at 1.3742. Reason for the trading strategy: Price broke out of our support-turned-resistance at 1.3914 (horizontal overlap resistance, breakout level). We expect a strong reaction to occur below this level, pushing price down to our major support at 1.3742 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish view. RSI (34) is seeing a bearish exit, a good precursor for a potential drop in price.
Short
by MEX_Exchange
GBPUSD Bounced Nicely Off Its Support, Potential BreakoutBuy above 1.3930. Stop loss at 1.3848. Take profit at 1.4176. Reason for the trading strategy (technically): GBPUSD bounced nicely off its support at 1.3930 (100% Fibonacci extension) where we expect it to rise further if it breaks out of its immediate resistance at 1.3992 (horizontal overlap resistance, descending channel). Once this level is broke, a bullish acceleration would be triggered, causing price to rise to its resistance at 1.4176 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). We do need to be cautious of the intermediate resistance at 1.4090 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) shows a corresponding bounce off its support at 2.6%.
Long
by theforexarmy
1