UK
GBPUSD - Can we break this?GBP looking like to break towards up side - But we've got consolidation and a key trend-line down as well..
Over the trend line, pulls in control - out of the wedge formation - Target the next resistance areas!
Below the wedge down target 23.6 or 38.2 Fib Retracement, matching the key support areas.
It's a really nice clean set up - best set up I feel for the majors!
Remember - Just a trade idea, not a recommendation.
Have a great week ahead.
EURGBP - Brilliant trade opportunity!It's a Friday..Don't forget that!
Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will be the outcome. However, as next week commences, I will be looking at EURGBP - the technical of this chart is so clean. Even on the daily the trend-line in red going down is a key area if it goes above we could look for the bulls to get into control. However, if we get further decline the bears are in control and that's where my targets would be the low 0.90 areas. Above high ends of 0.90 ares bulls are in control - could head to the 0.91 areas. Whilst we reflect on this pair we will be checking the strength of GBP.
Remember: This a trade idea, not a recommendation.
Give us a LIKE & COMMENT for any other pairs you'd like us to post our analysis on.
All the best.
Looking clean CABLE - GBP/USD. My favourite trade for this month - Over 1.26733 area I'd look for bullish formation, pattern or daily close for further confirmation of bullish run towards 1.27/1.28 is where the next resistance areas are. Some people say it looks like inverse head and shoulders. However, we need confirmation for it go OVER the trend line - we are finding that a key area. Keep an eye, put alerts or orders in so you don't miss the move. It is a great risk reward move as well as one of my favourite trades - momentum going with trend. However, until we haven't broken we could head lower to 1.25/1.24 areas and any lower 1.23. However, DXY is at a key area at this moment of time. Keep an eye out on EUR/GBP as well.
Just a trade idea, not recommendation.
Enjoy.
EURGBP downside opensThe beak down below ht 0.9000 level opens up the pair for a deeper sell off. What triggered the current sell off in eurgbp has to do with something more fundamental. The mini budget released last week supported positive GBP sentiment as the dominant aim is to avert the danger of massive unemployment. That essentially provides a substantial fiscal boost and coupled that with loose monetary policy can help to limit impact on both businesses and individual.
I like to say that I have sold on break of 0.9000 but because I only have time to write this now, that sell on break trade wont matter from here. So I would say sell at 0.8965 for 0.8835 with stop at 0.9050.
GBPUSD LongHi everyone!
GBPUSD been showing bullish sentiment last week, with retest of the 200 EMA & certain Trend Lines (1H, 4H and Daily) giving further buy entry opportunities.
I am looking on going long on gbpusd for a short term, taking in notice the upcoming events from the economic calendar.
Entry would be in this case on the retest of 1H/4H trend lines & S/R Levels!
Entry confirmation will follow of course after the market open, but betting on 61.8 Fib and S/R Levels.
Clear formation of Double Top/Inverse H&S pattern, after clearing the previous high and retesting the level would move the SL just bellow, to lock some pips.
Daily confirmation of further bullish bias.
analyse BTCUSDALL WILL WELL HAPPENS IN BITCOIN IS IN THAT TRIANGLE, IN FILTRATION ZONE AS I LOVE TO CALL IT ))), WELL PROBABILITIES OF HAVING A BULLISH TRAD TOMORROW IS ABOUT 70%, IS NOT THAT STRONG SO IT WILL BE ENAUGH TO KEEP EYE ON THE MARKET TELL YOU SEE THE SIGNAL TO TAKE POSITION.
ISFA (FTSE100 ETF) - downtrend to new lows continuesISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE 100 Selling rallies towards 6200+ as the name of the game ?Hi,
the setup looks like easy one but it is not!
Why ? Very simple answer.... end of the quarter is coming so we do know fireworks are possible ( so low exposure here )
Rising trendline been broken
Retest rejected
Equal moves = 5800
selling rallies towards 6200+
Stop: daily close above 6330
Target 5800
Good Luck
LSE All Time Highs??Looking at the chart history again it looks like bagholders are out correction & consolidation are complete and the new all-time highs are around the corner.
What do you think??
Did an uptrend just got formed today?Look at the orange dashed line going upwards. Could this mean that Haydale just made a third touch in a potential upwards trend line?
GBP/CHF possible movementGBP/CHF might break the triangle and enter into an uptrend. We still have to wait for confirmation.
Follow me for updates and more ideas!
GBPAUD 1000 pips on business opening MondayGBP against the aussi looks really bullish in my eyes.
3 main reasons:
1.business will be open in the UK on monday
2. i see a nice breakout of the weekly level in the direction of the monthly level.
3.a nice support at the green and red moving average crossing each other (20 and 50 ema)
My first target will be 1.8400
i have a stoploss of 30 pips at 1.82900
What do you think guys ? react and share your thoughts
ISFA reached target range and turned down as forecasted. ISFA reached the target in our post of June 1 and turned down, as forecasted. We should see prices trend down to new lows in Intermediate wave 3. If price crosses up 7,265 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA (FTSE100 ETF) - ISFA is tracing the final stages of intermediate wave 2. Most probable targets are 7,096 and 7,541. After this the ETF should trend to new lows in intermediate wave 3 down. f prices crosses down 6,315, the odds are that wave 3 already began. FOLLOW SKYLINEPRO TO GET UPDATES.
LAND STOCKwe wait for the price crosse this resistance after that I think the best moment for buying this stock that more potential the stock going up
Ichimoku is better on the 30min timeframeBut The most important thing is the crash on the UK Housing Market
Now follow the trend
GBPUSD - tracing minute wave iii up - probable target at 1.40GBPUSD finished a long-term corrective wave "b" and it now entered the early stages of cycle wave "c" up. It its currently tracing minute wave iii. This scenario should elevate its price to a first target at 1.40 in up to 2 months. It it crosses down 1.207, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
