Greatbritain
GBPNZD Bounce Back or Keep Dropping?DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
I've been looking at the British Pound/New Zealand Dollar pair for a while trying to think of where it might go. It's been on a down trend for quite a while now. Now the price actually dropped to a new low on November 8th since 2009, with the whole Brexit of it all. Now, seeing as how thats a new low, will it bounce back on the long run or keep heading south?
On one hand since the 8th of this month, when it hit that new low it seemed like it would bounce back. But the price didn't go too high, it hit a previous resistance (blue line) from September 28th. But on the other hand, the pair set up a support level as well (orange line).
Looks like I'm gonna have to show a little patience. If it doesn't break that resistance, if it breaks support, and my indicators are strong on the new trend, I'm gonna look for a short. As far as looking to see if it will be a buy that might take a lot more time and patience for something that might not come.
GBPJPY LongReasoning:
-Support lines + previous structure on that level
-Fib level
-Support line on RSI, crossing MACD
Time for GBP to finally bounce up a little?
GBPJPY 4H - Bearish SwingGBPJPY 4H - looks like we are looking for bearish swing on Monday.
SL: 134.254
Entry: 133.540
1st TP: 132.369
2nd TP: 130.289
GBPUSD Weekly PredictionGBPUSD is like a Thrilla in Manila (Ali vs. Frazier). GBP is trying to get up but USD keeps throwing hard punches. GBP is very persistent and trying to get to his knees at price 1.36340.
GBPAUD : Short SetupShorted rising wedge within the channel.
Now wait to break the lower wedge of the channel.
Enter below after some consolidation at break of wedge.
Potential +500 pips trade.
If it bounce the wedge long there to top of the channel.
GBPTRY Long Opportunity DAILY CHARTOversold RSI combined with 0.5 Fib Retracement and Extention
Strong past structure at that level + could be viewed as support level of a trend which started in late 2013
Brexit effectsdisappear, hopefully!!
GL
GBPJPY SUN-MON EXECUTION 30min VISIBILITYLook to buy on a 1hr candle break and retest of 161.35 levels. If it fails to break 161.35 levels you can be almost assured sellers will take it down to 159.70 levels...
GBP AUD ShortPound had a huge run up.
Looking to take a power move short 1:1
Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line.
Fib retracement from the last big move up. TP is just above the 0.618 FIB level.
Will monitor, may TP at .5 if no strong momentum to push through.
SL above key 1.95 level
let me know your thoughts and feedback???
$GBPAUD Bearish Wolfe Wave: 60 Min Time FrameHello Traders,
The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave.
Best,
Chartistry
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
GBPJPY moving on up inside H1 uptrend channel bullishGBPJPY moving on up inside H1 uptrend channel bullish
GBPJPY moving on up inside H1 uptrend channel bullish after a deep correction, following the ECB rate decision,
mainly due to safehaven flows into JPY.
Bad news for shorts?Volume means activity. These volume spikes concern me - something happened. While I will never find out what exactly that was, judging by the fact that the first spike occured almost on the very top (left shoulder, even before I was bearish on this pair - which makes sense) and that we have just had the second spike at the bottom, after the pair fell considerably, I suppose... someone made a lot of money. Now why this someone has just closed his/her profitable short here? I guess he/she knows something. But what?
Actually I really want cable to drop to 1.35 and below, if possible. Sorry, good people of the UK. Hi, Mr. Soros!
P.S. Spikes like these can also be found of other pairs. And put together they make little sense ;)
GBP/AUD: long playConfluences:
1/ trend
2/ 50 ema bounce
3/ doji
4/ deceleration
5/ fib play 61.8%
6/ Bullish MACD
7/ 2.145 as support
Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20
