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British

"Cable" is on a verge of breaking higherThe British pound has been stuck in a medium term range for 6 months since May and has not moved to any direction. While this could mean that the range could just keep on going and fakeouts are more likely there is a possibility of a short term surge higher if we brake the 1.55 level. This is supported by a bullish divergence in the RSI which is pointing to higher prices. This alone means nothing, but a price surge higher could confirm this. So be for a lookout for higher prices in case we see a break over 1.55.
Long
by TradeWiseFx.com
GBPUSD: Monday SetupHello Traders! Today we have a very nice long setup on FX:GBPUSD It is a pure structure based buy opportunity. So I am waiting the price to go @1.5484 and retest the structure support and then go long all the way up until the next structure. Here we have very nice fibs condluence: 1. 38.2 right at the structure level; 2. 61.8 little below from structure. So this zone will be the reversal zone where price might reverse and rally up. As we see we have a very nice R/R as well. Avto_T Green Luck ----------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Long
by RCP
16
EURGBP: Big pair on the RadarSo, FX:EURGBP is in a ranging market, and I see a good long opportunity here. We have flag pattern with structure support confluence (see red zone), which is a strong wall for this pair right now. We can involve in this setup in two ways: 1. Buy on breakout (it is a better choice) 2. Buy at support red zone And our target 1 will be @0.7355, Although, if the price breaks this nice resistance, then it will hit the second target somewhere @0.7390. Avto_T Green Luck --------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world!
Long
by RCP
Testing neckline after breakout from inverted head and shouldersWe are seeing a clear retracement to the neckline of the formation. Upside potential looks good where as downside is limited as the neckline is sharp(price will confirm or falsify breakout quickly), thus making for a R:R of 1:5 with the levels marked here. Note on stop and target: these are the least thought about part of this trade - could be set both more and less agressive thus highly changing the R:R. As marked with downward arrow on the left: decline was very consistent which makes an eventual upturn more simple in judging structures. The zone around 191 could be the major og minor turningpoint. If this breaks then 195 area looks like next logical stop. The New Zealand dollar looks very weak in itself, and is therefore the main force that is to carry this through. British Pound as currency to trade against the Kiwi is of less importance - though a far better looking choice than for instance USD at the moment.
Long
by SimonRasmussen
GBPUSD: Trade of the DayHello traders. Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting opportunity. Our targets are next support @1.5372 and the second target 1.5348 with the confluence of fibs extension 1.272. --------------------------------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And this is the only beginning. Many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Are you interested what it is? Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP
16
EURGBP: The Perfect Harmonic MovesWe have the perfect harmonic moves on FX:EURGBP Price is moving between the channel and making harmonic moves, which means we are in a 3-drives pattern market. As we see we have the perfect fibs 61.8 and 1.272 confluences at the edges of channel and it is the best time so sell. The first target is the next support, where price might consolidate. The second target is fibs extension 1.272 with the confluence of fibs 1.618 extension ---------------------------------------------------------------------------------------------------------------------- ATTENTION: Very soon, High cashback service will be launched for you traders. Follow me, in order to be informed as soon as we are ready to offer you the best and transparent rebate services from leading forex brokers. Besides, you can PM me which brokers you would like to be under our list. And reserve your sits, before the launch of the service. Don’t forget -Every Cent Counts-
Short
by RCP
A profitable strategy for short term trading!!The only tools we are going to use are resistance and support Lines, trendlines, EMA 10 and EMA 20. The strategy step by step is the following: 1) In the 4hour chart we draw the support and resistance Lines of major levels. We also get an idea of the intraday trend. 2)Then, we are going lower to 1 hour chart. We try now to draw channels or trendlines. Again we are looking the trend. 4 hour and 1 hour should be the same. 3)We are moving forward to 15min chart. Here is the ''game''. We have obtain the short term-intraday trend from the previous timeframes. We are now looking for retracement moves. As we find them we are waiting for a strong candle. In our chart we can see that after a retracement, doesn't matter how big it is, the price go over the EMAs Due to our bearish trend we would place our short positios as soon as a strong bearish candle appears. By the term ''strong'' i mean a candle whose body is bigger than the last bullish candle (the more bullish candles it ''eat'' the better). This is the 1st condition to put a Trade. The second is the strong bearish candle to cross downwards the EMAs. I mean to close below them. So pay attention on the 2 conditions that exists in that strategy. In the Top of the graph we can see an incorrect entry bar. Although the price go lower it is not as safe as the way i described above. Trading is somtimes very simple. You do not need any indicator. And don't forget. The simpliest is the best!!!! I am waiting your comment..... Thank you for reading....
by KN_FXtrader
16