GBPCZK is bullishthe pair has broken its trendline and trying to reach to previous high.according to the pattern we are expecting to see the pair price reach to its fibo 161% coincides with mentioned high
please see what would happen
GBPCZK trade ideas
gbpczk sell 10/19eminent sell, at high point, may test around order block but will seek to drop a few levels to golden fib
6500 pips this month!As mentioned another one we presented n now it’s been rocketing as expected we are good at what we do
Blessings I’m blessed to be able to screen these markets to be able to get my time freedom back as life been a rough road this here is my payment and it’s never enough to heal some of these wounds.
This pair will be my next long term hold as I have 3 all banking.
I’ll will run it through my trailer account first n then I’ll open an account just for this trade my trailer accounts are what I’ll monitor the real account I basically don’t even touch it unless my trailer tells me to close or scale.
This way I’ll have enough time to exit with most profits
Here this trade tbh I’d never seen anything like it. This is what I do n I’d never seen volatility so low that I can trade it. It’s always historical, having me wishing I could back travel as the market would b far on its way from current price level we what a blessing we have here n tbh Ben historically hard to see this low of volatility period ! I’m blessed to know n understand what these means n I’m blessed to ran into her n to understand her story.
This is the lowest atr reading on the pair n maybe the lowest I’d seen to date monthly wise n I seen a Lot of currency charts! Ran it through a few indicators n the breakout is real.
And I usually don’t share my trade they are locked for students to analyze but blessing are to be shared
Buyers market Buyer buy low when no1 wants to n sell it when everyone want to but it best set up follow this principle u just have to wait for the move
COVID Long CZK/GBP: Long-Term Strength of Koruna, TA for EntryThe Czech Republic is poised to strengthen against the British Pound for the following reasons. The Czech Republic is uniquely positioned to recover better than the United Kingdom as an advanced manufacturing-oriented country, predominately producing cars, trains and engineering equipment. Following the one-time shock effect of the COVID-induced public health and ensued economic crisis, despite short-term decreases in the demand of personal automobiles, production of vehicles will be relatively intact, although the composition of types of vehicles may differ. Through the ECB's newest stimulus plan, Europe is subsidizing the purchases of new cars, particularly those that are more environmentally-friendly, furthering the effort to become greener. With regard to the outlook for a weaker pound following recent broad-based strengthening, we propose a two-year hold period because then talks for the Scottish quest for independence will rise to the forefront again. Scotland is one of the most valuable components of the United Kingdom and with an average polling of 54% of British citizens wanting to split from the UK, as of now, there is a tilt towards the likelihood of the split. In addition, Mr. Johnson's recent trip is likely to backfire and strengthen the desire to split, and given the Coronavirus pandemic there has been a surge towards the desire for independence, with polls increasing from 49% in March, making this the longest period over which yes votes outnumbered those for a no.
Technically, time the trade by going long upon falling back to the resistance level, which we hold to be 0.034223, and holding through the British elections in two years. This resistance level also represents the 38.2% retracement from the last stark uptrend, a technically-significant level given the Fibonacci levels. See the chart for the previous testing, and strengthening, of the resistance.
Fundamentally this trade is driven by the likely future increase in external demand following the coronavirus crisis.
think.ing.com
