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J-GBP

London Watchlist: Expecting a strong GBPSo... the UK data coming out today is pretty important, if bad it increases the chance of a rate cut by the BOE, but if positive it kinda kills it! So there should be pretty big movement on the GBP if the print is better than expected or worse thane expected! The video pretty much explains our thinking here and our trading tactic, we are long on GBPUSD and we are targetting the 120% mark seen on the chart on the right, a solid 100+ pip move! Right now the GBP is tanking, but thats just due to expectations of the analysts, who are rarely right and they don't even trade for a living, the charts say GBP is long and we will TRADE WHAT WE SEE ! If you like the video give us a follow!
Long
by PrimedGroup
New York Watchlist: Expecting a weak USD & Buying GBPUSDHey traders and good people of the internet! The New York trading session is fast approaching and before we get going to trade it, here's what we believe might be a big mover in the FX markets... thats right we are long on GBPUSD again! Before we go into the GBPUSD setup... lets talk DXY a little bit. We have been waiting for a reversal on the USD for a few days now... maybe a week. This contraction just keeps going up and up... but it looks like it is coming to it's end which means a sharp weakness of the USD! The chart on the left shows exactly what we think might happen there! Regarding GBPUSD we have a beautiful CUP AND HANDLE bullish chart pattern which is really ready to go up based on the test of the 61.8% (the way we use fibs). In anycase we can't wait to see if this all works out!
Long
by PrimedGroup
GBP/USD - Multi-Time Frame AnalysisHello Everyone, What’s going on? This is Jordan with Conquer Trading & Investing providing simply the very best education and analysis on the internet. Here is the full analysis and outlook for this pair. If you have any questions or insights you would like to share feel free to share them in the comments below. More and more this is looking like a sell the news type of event after Brexit is now official. Negotiations have begun and will go on for a full year. Both sides are not close. This will weigh on the pair. Important data on the GBP arrives 3rd week of Feb.
Short
by JordanLindsey
When you catch a trend, ride it till the end [LIVE TRADING TIPS]Hey whatsup guys!\ Denis here the lead trader at Primedtraders! In todays lesson I want to go over our idea of trend trading in day & swing trading environment! DAILY TRADING LESSON When you catch a trend, ride it till the end When momentum is on your side and your system agrees with the move (up or down), then by all means ride it till the end (next key level). Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. (i.e. whats happening with GBPJPY right now) But I have reasons to be in this trade and until those reasons change, im a short-seller of GBP vs JPY. Here are just some reasons: On the technical side we have a breakout of a key level and a solid bearish continuation pattern, momentum is down and there are strong reasons it will continue to stay down... On the JPY side Coronavirus is increasing uncertanity and that makes the JPY a buy as its a safe-heaven asset especially in Asia (where the virus is hitting the hardest) On the GBP side we have uncertainty with Brexit and how things will work out for the GBP.. Don't get scared by random noise... wait for real confirmations based on the close of each candle.... worst case just let a trailing stop take you out of this trade and don't get back in when you get out! "The rend is your friend except at the end where it bends. - Ed Seykota"
Education
by PrimedGroup