BXY long Hey everyone, the pound is pulled up from the support level 119... the price will test the next resistance level of 121 and from this point either it'll break or it can slightly pull back to stay inside the falling wedge, regardless I think for long term the price will most likely rise.. Price can hit 126 if we see strong divergences using Macd..
Good luck...
Poundindex
Bull Flag Consolidation For British Pound Index Reason To LONGBritish Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon.
Key Trading Plan:
i) LONG if the price breaks the resistance of 126.00 with the Take Profit Target of 131.00.
ii) SHORT if the price breaks the trend line of at least below 124.00 to the support (Take Profit Target of 122.00).
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
It might be why Cable is acting up ! Hey guys,
I personally am not going to trade this but I saw this and thought it would be nice to share it with you. I personally think CABLE and DRAGON are acting up for this reason and essentially there is a short term bubble in them.
I personally am waiting for a little bit of a push upward and then a return back to the normal descending trend.
Thank you,
Masih