GBPUSD Theresa May is still alive... and so the poundConsidering all the news, the pound didn't move as some experts thought. May is alive and walks in any "exit direction", but the biggest problem is the sterling which has no clear direction at all, so here's the point, why would you buy dollars? We can't blame Theresa May because a bad deal, indeed, she can't do so much if any deal is considered as not fair for Brits. Well, if they think twice, maybe and just maybe they already have the best deal (remain). As Professional Investor I know they will have a second Brexit referendum where "the vote of stay" would lead the polls. However, it's a good idea because at the end of the day, in the long run European countries will leave the union anyway, so Brits would have their Brexit for free.
How do the market read this event? Pound Sterling... bullish.
Technically, the price would try to fill the gap between the 50 and 100-day moving average. Choppy area on the way... but >1.12% bullish.
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Sterling
Critical Brexit VoteHello traders,
As you can clearly notice, sterling has been very volatile already ahead of Brexit vote.
The pair is trading now at 1.284 down 0.17%.
It is already widely expected that PM May will lose the vote tonight, the critical question here is by how much.
A defeat by over 100 votes is considered a major threat to the brexit deal and will drag sterling lower.
Therefore 2 scenarios exist:
1st: PM May loses by 100 votes or more ----> GBP/USD sharp decline to 1.25 and 1.20 in extension ( depends on the outcome ).
2nd: PM May loses by less than 60 votes ---> GBP/USD might trade sideways up and down ( also depends on the outcome ).
I advice to stay away from this pair as very high volatility is expected as well as wide spreads.
Trade safe and Good Luck
GBPUSD - SELL GBPUSD has come into our sell zone between 1.28500-1.2900 also hitting our fib extension and rejecting thus far. shorts now in play! Brexit vote coming into play tomorrow could be a huge catalyst for this pair to go down south as i believe GBP is way too overpriced given the turmoil it is in with the whole brexit mess.
GBPAUD 1. Evening star at MA.
Daily support testing, if we break it > weekly support.
Other wise we test the daily support and shoot back up creating a double bottom.
If break > 1.7750
If hold/retest > 1.8000
(Trade balance AUD on 8th of January)
(Building approvals AUD on 9th of January)
(BOE conference on 9th of January)
GBPUSD Going higher? If you buy or sell you're right!Going higher? Of Course, it will go higher and at the same time lower, because does not matter if you buy or sell, you are right! your problem is timing. At this time, slightly bearish I'm looking for a short opportunity!.
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[BTC/GBP] Bitcoin supply & demand zones for GBP [BTFD]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
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HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
This is a plan for GBP users looking at bitcoin prices to buy sell in the next months
use the coloured areas to get an idea of where we may bounce and rebound off
we are approaching a key area of $3k on the usd charts and want to show in different major currencies where these levels are in comparison to the leading usd charts
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Review of sterling pairs - week ahead. I'm doing my home work and sharing. GBPEUR or EURGBP looks good for next week based on 6H time frames.
In fact nearly all Sterling pairs look favourable for trends south. That doesn't mean I'm shorting all next week.
This is not advice or predictions on what will happen.
GBPCHF: Short From The TopWhaaaat´s up traders ?
Here is my short analysis for the GBPCHF pair. Im short on this pair as we see major market structures forming. Currently price is above my entry ,but with the right risk management there is nothing to worry or stress about. As long we do not move a larger move (20-50 pips) over the divergence trend line. After 3 levels of rise we expect at least a bigger correction from there.
Wishing you a great trading week and be careful for pre elections during these hours :)
GBP/CAD - Support and Resistance + Brexit Fundamentals GBP/CAD BUY,
Talking points,
Technicals:
Sterling could bounce on this support. Because of the Brexit, GBP/CAD is in a non-tradeable environment. Still it's a beautifull example of simple dailly support and resistance.
Easy trades. I still have a bullish forecast on the technicals.
Fundamentals:
NOVEMBER 25: Emergency EU summit?
One reason why Theresa May is now pressing for an agreement on the UK’s withdrawal treaty is to pave the way for a special Brexit summit in November.
The UK government wants the EU’s formal imprimatur on a deal this month so that London has enough time to push through Brexit legislation in early 2019.
But, as negotiations have continued, the dates on which the summit could be held have been slipping into later in the month. The UK had previously hoped for November 17-18. Now the last possible date ahead of a G20 summit in Argentina to which many leaders are heading appears to be November 25. On that day, if all goes to plan for the UK prime minister, she and the other EU will sign the deal.
Sentimental:
MID-2020: Brexit Journey’s end?
Many business leaders suggest that the “maximum facilitation” plan favoured by some Brexiters, relying on ad vanced technology to speed up customs clearances, would need years to put in place, delaying “full Brexit” until deep into the 2020s.
A less ambitious “fast-track” system on the US-Canada border took decades to develop and billions of dollars in investment.
GBPAUD liquidity gap fillAfter an explosive move down, GBPAUD left a big liquidity void and we all know how much GBP loves to fill liquidity voids, lower time frame is showing bullish price action and making a breaker on the 15 mins after taking out previous swing low on the daily.
R/R setup is great for a long, has a massive upside if trade goes in our direction