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GbpUsd - BREXITOn Friday I analyzed GBPUSD for a short opportunity, I was wrong. After the currency pair was broken down, I identified a strong sell opportunity as displayed with my technical chart work. The GBPUSD currency pair was in a 4hr range for the past few weeks and is now showing signs of a breakout emerging. In my opinion that breakout was to be to the downside seeking to 1.295 region or below. Now I have adjusted my analysis and I will be taking along position due to the approval and confirmation of BREXIT
Long
by UrbanGeniusOfficial
TESLA MANIPULATIONHello Traders. Stochastic RSI is sky high. Would like to bring to your alert that Tesla is a "Castle in the Sky". I have done the fundamental analysis on Google and bring to you a message. Facebook and Google are both funneling money into Tesla. Tesla is the last castle in the sky for the "New World Order". Apparently, Elon knew the whole time. This was an Irish pyramid scheme. Apple is in on it too even. If you watch the MACD Moving Time Frame (composite moving average) signals on the third chart from the top, we see a sky high signal line with oscillation between buy and sell. Why? They're faking out the day traders. Rise. Destroy Tesla. They "cannot" crash? They are. The one castle in the Sky. Exposed. Wait for the South Korean whales to move first. Britain should be in on this too. - dysonring2050
NASDAQ:TSLAShort
by dysonring2050
1
FTSE Bottoming Pattern on 4 Hour Trade/ British ElectionsJust before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE but remember, QE was supposed to be a one time desperate policy to prevent a 1920-30's like great depression. When we go back to QE, people will realize it did not work in the first place. They will use different names to mask QE, but this is the confidence crisis that looms. These central banks have one role now: to keep assets propped. This will eventually be morphed into buyers of LAST RESORT (instead of lenders of last resort...which was the central banks original mandate when they were first being formed). I am expecting higher equity prices in the US because there is nowhere to go for yield anymore. Also, many investors know the Fed will support this market. Not to mention the President needs high stock markets if he wants to win the next election using "Keeping America Great" slogan. Yes, we will have pullbacks, but equity markets will go higher. I speak about why this can be a problem for the Fed and the US Dollar. Post linked below. In terms of the current FTSE chart, we did make a bottoming/ double bottom pattern at a flip/support zone. From here, we had a nice break above a flip zone marked in blue, a strong break, and now it seems we are making our first higher low which will be confirmed with this current 4 hour candle close. Target will be the flip zone at 7340 for the trade.
FOREXCOM:UK100Long
by Uncharted-FX
Britain & US "race to the top” eventfull countryThe Supreme Court has ruled that Boris Johnson suspended UK Parliament unlawfully. Also, Johnson gave the Queen illegal advice to suspend Parliament. On the one hand, the news is not good for the pound, because it means another domestic political crisis, on the other hand, such a court decision should lead to Johnson's resignation. The pound has recently followed the rule "what is bad for Johnson, good for the pound." So from this point of view, yesterday's pound growth just looks very logical. The weakening of Johnson’s position means a chances decrease of a “hard” Brexit. For the pound, of course, the news is exceptionally positive. So we will continue to observe with interest the chaos in Britain, but at the same time, our recommendation to “buy a pound” does not lose its relevance. However, you need to be careful. It is worth noting buyers activation of the euro against the statistics background from Germany. Indices of economic expectations from the IFO came out better than expected at fairly good marks. However, it is still too early to rejoice. Rather, this growth provides an opportunity for euro sales at relatively good prices. Yesterday the US dollar was under pressure in the afternoon. Weak consumer confidence data is the reason for that. Conference Board consumer confidence index showed a value of 125.1 with a forecast of 133.0 in September. Our recommendation on the dollar is unchanged - we are looking for points for the dollar sale. Moreover, the scandal surrounding Trump Zelensky’s call seems to be gaining momentum. The chances are low, but buying a dollar against such a background is still extremely dangerous, especially considering its current prices. Yesterday, the markets were reassured by the news that China guaranteed the American soybeans purchase at no additional cost. What can be seen as a kind of positive signal on the eve of the main meeting between the US and China next week. However, judging by the dynamics of gold, investors prefer to believe the facts. Accordingly, we do not observe serious threats to our recommendations to buy gold in the area of local daily lows. Moreover, Trump once again made it tenser. Speaking at the UN General Assembly, he accused China of a good half of mortal sins. There are no major changes in the oil market so far. Fears of another hurricane in the United States, expectations of recovery in Saudi production, as well as developments around Iran. Well, in the meantime, oil prices follow in the direction we have indicated. Recall from last Tuesday, after an increase of 15% last Monday, we recommend selling oil.
Long
by Trade24Fx
GBPUSD is looking extremely bearish going into NFPThe GBP pair in my opinion has began to form an harmonic pattern. This pattern to be formed is a bullish butterfly and has currently completed XABC-leg and I am expecting a rally unto D, which will form the last CD leg at which point we will look to buy this currency pair or possible even continue our sell positions. NFP will be the momentum push to complete this pattern I look forward to some exciting movement today within the market. ALWAYS MANAGE YOUR RISK... HAPPY TRADING tHE uR AN gENIUs
Short
by UrbanGeniusOfficial
1
GBP/USD bullishInteresting move today for the cable which is already up 1.14% at the end of the week. Market is now expecting a soft brexit rather than no deal brexit. Technically the pair is gaining bullish momentum since it broke above the 200day SMA at 1.318 and will likely close above it weekly. Also, it broke a descending trend line shown on the chart which shows a bullish continuation for the near term. Next potential target is 1.326 (Oct 12 high) , 1.33 psychological mark and Sep 20 high, 1.332 (38.2 Fibo) and 1.346 (June 13 high). Trade safe.
Long
by RamziAbouAbdallah-CMT
EDUCATION I am short on GBPAUD, and here is why..On the GBPAUd pair I have identified a prosperous trade setup, an opportunity to go short. The GBp has recently not met a deal for the Brexit agreement which means the Sterling will soon be on its own. The impact this will have on the market will ultimately push the Gbp down to lower levels, I am personally seeking 1.6500. Also the Feds are speechless as to if they will hike interests rates 2 more times in 2019 this also plays a major role on the Forex market. Take a look at my analysis here and comment what you think!!
Short
by UrbanGeniusOfficial
1
GBP/JPY... What is going on??!!The Pound against the Yen has been short for roughly around the beginning of November and puts pressure for the yen over the new year. From research, this pair may continue to go down, and here is why. Firstly, the Nikkei 225 has significantly dropped by 17.53% from the 2nd of October to the 28th of December. Reasoning behind this is due to other variables affecting the yen such as the US and China trade war which gives concerning to what Japan may have to face when they trade with the United States on new policies. Especially since Japan is the 4th largest trading partner with the United States, rallying up on $204.1 Billion in 2017. Britain on the other hand is more focused on Brexit, for those who do not know, Britain is wanting to leave the EU for more tougher immigration laws in order to strengthen the safety of the citizens from terrorism. There are many other reasons but this is the main highlight of why. Some people in Britain do not agree with some of the new policies and laws that the government is trying to put in place, including trade. Confident votes have been used in the government but Theresa May (current prime minister) still has passed in the votes. Overall, both countries are in the downside at the current moment and we will have to see what 2019 awaits for us all but this evidentially results in a short sell position for short and long term. Happy New Year everyone!
Short
by bailey707
FTSE 100 (UKX) Monthly Timeframe BuyThe FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The trendline shows a perfect uptrend with around 7 touches, so maybe the trend is about to end. Who knows.
TVC:UKX
by munyaelliott