Awaiting GBPUSD to come into golden zone and find support before placing short term long position.
BUY GBPJPY for a nice buy trade position. Targets and stops are almost at a 1:2 risk to reward ratio.
BUY GBPCHF as its moving in an uptrend. I do believe it has way more room for profit but Im being conservative with my trades.
GBPNZD looks good to buy for a nice long trade. targets as shown.
With all the uncertainty in the UK economy due to BREXIT with have seen a shape decline of the pound against the US during 2019, with a sudden surge in the last quarter of 2019. What I see playing out is a cup and handle formation appearing in the chart as shown by the blue line in the chart. All the pullbacks on low volume testing the 1.3000 level, we have a...
Looking at GBPCAD for long(buy) opportunity as seen from the charts I decided to show every reason as to why I am looking to go Long on this pair
If we see the movement of price action US Dollar / Pound Sterling then it giving easy profits within the channel by hitting bollinger bands support and moving up even most of the times it is not hitting the channel's support but moving up after hitting the bollinger bands. But this time it is hitting the channel's support and the lower bands of bollinger bands...
While a falling wedge is forming over the past few weeks, the UK was just granted an extension until October of this year ensuring that we are all continued to be bored to death by it until then. In all likelihood, there will be a general election before then and perhaps a new government controlled by Jeremy Corbyn. God knows what he'll do with this mess. At any...
The EU has made it clear that they are no longer interested in shorter extensions. Therefore, its either no deal or a longer extension which could be many months to almost a year. If this is the case, I would expect a significant rise in this pair as it would significantly alleviate the risk of the UK leaving the EU at all. May never come to fruition and we would...
Macron convinced the Spanish and Belgians in supporting his stance on not allowing a long extension beyond April 12th, just five trading days away, without a meaningful signal by the UK Parliament in asserting what kind of deal they want to leave the EU. While Macron did suggest a short extension beyond the 12th, it is not clear when this would be. What is clear...
Havn't made a comment on GBPUSD in a bit mainly since just needed to sit back and see what the developments were. As expected, nothing new has happened while the odds of a no deal Brexit on April 12th are now noticeably higher according to the betting markets. The pound hasn't reflected this reality yet mainly because a deal is priced in. Dramatic volatility will...
Brexit. Its kind of like a bad tattoo in that it never goes away, yet was almost immediately regrettable. Unfortunately that continues to be the case this week with Prime Minister May meeting with opposition leader Jeremy Corbyn to etch out a deal for the House of Commons to pass her bill which has already been rejected three times. Much ink has been spilled and...
I guess one of the only non-political comment that you could make on this chart is to look for those former levels of resistance as support. But also though, to what degree is a deal priced in? Are Brexit deal fully priced into the cable? Staying clear of this pair. No hedgefund algos on my side. Good luck to Blackrock since they probably have the edge on this one...
A very clear and active trade on GBPUSD as per technical and fundamental analysis. Open Buy Order at: 1.3014 TP1: 1.3188 TP 2: 1.3247 SL: 1.2957 Do open your long trade with a proper money management and book some good profit on intraday trading
Today markets another important day of voting in the UK House of Commons where Parliamentarians will again cast opinions on the so-called 'indicative votes' all of which failed the first time around. Regardless, the markets certainly do not believe the UK is headed towards a no deal Brexit, but as of right now that is where the UK is heading as a deal is required...
With a clear majority in the House of Commons against a no-deal Brexit, and with members of Parliament holding more votes on alternative plans on Monday, Mrs May asserted that the UK would have to find “an alternative way forward”. She also may attempt a fourth bid for the Commons to pass her bill. Meanwhile, trading of the pound on Friday faced significant...
With all of the indicative votes failing in the House of Commons and PM May's deal looking increasingly unlikely to pass, the UK is now in serious jeopardy of an accidental crash out of the EU. The price of the pound does not reflect this pact and incredibly the historic 10-day volatility of the pound has dropped back down to relatively normal levels. I am still...