Get started

UK

GBPUSD 250 PIPs CHANCE 🇬🇧🇺🇸Hello Traders ! 👋🏾 Hope you had a wonderful weekend DON'T FORGET TO FOLLOW US SO YOU GET NOTIFIED EVERY TIME WE POST🥰 So, here we are again looking to ride another GBP pair. I had several reasons to go for a SHORT position here. Try to follow me 👨🏽‍🏫 Major support area (B); Uptrend (A); Resistance level (C); Double top (D); Double touch on my trend line (E); Severel re-tests on our major support area ( marked with green circles along support B ). With all the uncertainty about the GBP pair, I really believe the pair will drop either to our support area (B), or to our trend line (A). We will carefully analyse the behaviour of this pair during the first couple hours as soon as the markets open before we enter this position. 👀 Do you agree with this idea ? Feel free to leave your opinion on comments and to use this idea yourself ! 📲
Short
by TRADESBYZION
36
GBPUSD - Brexit drama? How can I trade GBP? GBP - What a great currency - I say it's like marmite you either love trading this currency or hate it...It's been a tricky pair due to brexit drama. I remember trading on demo account when Brexit was announced shorting it with a good well established friend of mine in Africa...It was great fun even on a demo you do learn a lot as yrs go by . Now I do have a nice real portfolio I manage, and I look at GBP and all that comes into my mind is first is go and look at monthly chart and secondly - 1.40 could be coming shortly....! It's a very headline driven market for now However, let's not get carried away let me break it down for you. Technically we are bullish within the monthly - which I will go through my yr ahead outlook video of 2021. There are so many bullish formations for GBP that reaches towards 1.40 area, but we need to pass 1.36-1.37 areas first those are next resistance areas and the daily close we got above 1.35 technically we are BULLISH! But does this mean you just get in now? Well no, go to lower charts find a good entry point using price but I am now going to speak about fundamental impacts on Brexit. (Use your own trade plan) Fundamentals: I know, I know for yrs we've been talking about this Brexit - Will it be over by 31st December or will we continue into 2021?- Sure I won't be working on Christmas day only day I am taking off but I will be looking at my desk looking to see updates, fishing out any information I can get - I would recommend you to even invest in a good squawk service head-lines will be coming out and the price of GBP the moves be interesting, keeping a good amount of stop I would recommend for this pair for now. I feel if we do get deal the euphoric energy will come in we should hit 1.40 areas but then I do have other views where I feel at 1.40 things could take a turn and if we don't get deal sure GBP will decline - Now, why 1.40 Why and how will take a turn? - Well, wait for next week for my 2021 outlook tune in - I will be explaining further why!! Also keep in mind if we do get QE from USA - that will increase GBP and other majors too. Lets see what congress does....! If you are interested in the UK market - Check out my FTSE100 analysis post as well! All the best, Trade Journal
by Trade_Journal
4
Western European COVID-19 forces a close(er) ChristmasA quick screen of the COVD-19 situation in the Western European countries of Great Britain, France, Germany and Italy shows that all have had a spike in recent months. The MACD histograms actually decipher the rate of acceleration of the spike in cases. Hence, the MACD histograms really need to go below zero to get a deceleration in the number of COVID-19 cases. From here, we can see... Great Britain is moderating it’s spike. France is slowing down the spike somewhat, nonetheless still increasing, albeit at a moderated pace. Germany is still in acceleration phase of their Wave 2, and it would may be months before it decelerates. Italy, like GB , is moderating slightly. So much for Christmas... it would be one that returns everyone to basic nuclear family, where Christmas is less consumer driven, and more family orientated. While we know the deteriorating conditions, we pray that families get closer and bond better through this period. God bless... Merry Christmas, Joyeux Noel. Stay safe, stay healthy.
C
by Auguraltrader
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility. Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves! Let's get onto the technicals: Pattern - Bullish Flag target area: 1.618 Resistance: 6860 & 7035 Support: 6140 & 6040 My target - 6800-7100 Areas! One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well! Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area. All the best, Trade Journal Remember: Just a trade idea, not a recommendation
TVC:UKX
by Trade_Journal
5
UK100 over a daily support 🦐UK100 on the daily chart after the huge drop due to the Coronavirus started a retracement move. The market after hitting the 6500 level starts to move in a descending channel until exactly the 0.618 fib retracement where it created a new impulse until the 6500 level again, over a daily support. IF the price will break below the 6350 level we can wait until the next inversion for a nice long order, if the price instead will break and close above the 6500 structure we will set a buying order ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
OANDA:UK100GBPLong
by InkyGrip
3
UK - Alternative view to 4900: Ascending Channel upI think most are bearish following this descending channel. I had a previous target of 4900 which I hope for. Experimenting with an alternative as the market promises a decent upside. I have particular interest in this exact level: Hypothesis Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's fortunes. I'm expecting this point to hold to add weight to the being in a UKX larger ascending channel. - Is the ascending channel TA accurate - probably not but I want to at least identify a path upward. Best, Hard Forky
TVC:UKXLong
by hardforky
GBP/USD – the pair for the global economy?Two main fundamental factors depressed the GBPUSD for the past couple of years—Brexit, and now recently, the Coronavirus. The trade is relatively simple – once there is a vaccine for the Coronavirus, alongside certainty on Brexit talks, a good case can be made for the pair to reach its Pre Brexit/Pre Coronavirus levels around 1.45 Pound needs to meet two catalysts to hit 1.45 Let’s go over the technical first. A Fibonacci drawn from 1.34 to 1.15, from the 2019 high to the 2020 low, can see the level of 1.45, hitting perfectly with the 161.8% retracement level, which was the level before the Brexit referendum results were announced in 2016. Alongside predicted further weakness in the US dollar, as vaccine hopes rise, the pound may rally on relatively less stimulus to its US counterpart. We can also see some consolidation zones and congestion around 1.32 and 1.38, where bulls and bears fight it for a higher or lower move. However, movements to the upsides past these zones paired with positive fundamental news may see price levels freely hit strong Fib levels. A robust full recovery, with pre-Coronavirus level economic activity alongside a positive post Brexit environment, and we can see levels hit 1.50 – 1.55. Brexit – time is running out, risky for the Pound It has almost been five years since the Brexit referendum took place—a quick refresher on why Brexit occurred. There were talks amongst the public that they were getting the short end of the stick regarding the European Union and that the majority of the citizens in the UK wanted to leave. The Prime Minister at the time, David Cameron, disagreed with the notion that the UK public wanted to leave. Therefore, he initiated a referendum to show that the UK did not want to leave the European Union. It turns out he was wrong, and they did want to leave. David Cameron retired soon after. Five years later, and we’re edging closer to a deal. Brussels and the UK have started in-depth negotiations again after the Coronavirus ravaged the world. A “deadline” has been set for 31st December, where Britain will “leave” the EU regardless of whether a deal has been met. However, “deadline” is in quotations as both have agreed to extend deadlines that have passed many times before. An EU official has stated that “its getting terribly late and may be too late already” and that “they haven’t quite reached where they had hoped to be.” If a “no deal” Brexit occurs on 31st December, shock waves will be sent not only in the financial markets but also supply chains all across Europe and the UK. There is currently free trade and free transport out of the UK and into Europe and vice versa. However, a no-deal Brexit would mean that on the 31st December, the EU will treat the UK like any other country. A no-deal Brexit should see the pound drop to a similar magnitude of that in 2016. However, if the optimistic scenario occurs and a vaccine comes alongside positive Brexit negotiations, we should see the pound rally against the US Dollar.
by BlackBull_Markets