Long

GBP rocket

By permban

Updated

Anything against the GBP like GBPUSD, GBPJPY, GBPCAD expecting all three to rocket any time soon

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As soon as the pullback is turning back up it goes. Good time to load your positions now!

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Deep pullback, think ike this, as it pulls back deeper it will likely go much higher following the pullback

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Somebody wants speculators to think the USD is being appreciated. Don't fall for it, it's a massive bull trap. There is no more slack on the upside, as you can see. Nothing is moving. This buyer is just squeezing the last dollars out of the market. You wonder who will in turn buy these expense dollars from them....

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Hopefully for everyone this pullback is within their risk tolerance. For me it is but I can imageine that for beginning rtaders it is hard to prepare for something out of the ordinary as this buying surge against a

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Typed enter too early...
rtaders => traders
and the line should end with "against all odds"

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Let's start over. I hope sincerely not that it will keep repeating this everytime GBP is about to rally.

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I almost wanted going to close this one a s a fail but better add here as it doesn't seem to have more downside. Structure is clearly a repeat of 10.30am UTC. What comes next is what we see after that. So I add to my long of 2 hours ago here.

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The red line is GBPJPY, as long that exist above with upside momentum it confirms GBPUSD and GBPCAD long

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Forced upside remain, let's see what happens this time around.

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Get ready for some action

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Likely at London stock market open large sums of local currency are transacted and will work as a catalyst on pending market operations. 1 minute to impact...

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Next 15m will be interesting. According structure there is a strong upside move. Let's see if that is also going to be leveled with equal USD buying power.

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You can tell from the proportional large green candles and no news something fishy is going on here.

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Back in the saddle

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Cycles ideal for USD and CAD drop. If both drop they may as well take JPY along or maybe not (yet). Nevertheless it may free up some space for others like GBP to thrive...

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USD signals to thumble into downtrend together with CAD

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I am buying GBPCAD, GBPUSD and GBPJPY

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Add more at this price to GBPCAD, GBPUSD and GBPJPY

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News is the catalyst. Which is really its only purpose and not source for predicting direction like many believe.

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The whole Asia session morning retail traders have been deciding where to bring the market. Now some extra volumes are coming in we will see what the market has decided.

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USD overpowers GBP and hitting support at 1.277 like it did 4 hours ago. This may create a double bottom like early September after which we can expect a rally further up than late September as we will have a higher low.
Let's see if 1.277 holds

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1.273 is support of August 20

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With 1.270 it would also double bottom with August 18

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New instantaneous usd buying surges are stealing our thunder, boring.. Better trade non-usd pairs, they seem to move more.

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GBP got kicked down but now only wants to rally even more it seems.

Trade active

Triangle crash imminent

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And again triangle crash signas all over. I seriously lost count of how many time this process has been blocked. Let's see again.

permban

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