gbp/nzd could still retrace further before melting. break and retest of the trendline below would result in short posiotions. for now stick to buys. take profit one if breached take half positions out put stop loss to break even and let the rest ride to the final destination. if this fulfills we could be looking for shorts around 1.9325
GBP/CHF has been another surprise over the past couple of weeks. After breaking below 1.69 back in Late-June we had expected price to continue down. However we have seen extremely choppy markets but constrained within an ascending daily trend channel. The upper boundary of this daily channel is once again being tested today, alongside testing strong resistance...
GBP/AUD has been moving within a weekly ascending trend channel since early 2017, apart from a few dramatic exits during the Yen crash in early 2019 and the intial Covid-19 spike, but even after these instances price returned inside the channel. We can now see a clear break of the trend channel to the downside and also a possible completed retest of the lower...
UPDATE GBPAUD LIKE PREDICTED GOING SHORT
Looking for continuation long, GBP pairs have been on fire this last week. I have two positions in prof, just added a final position on this. The trend does appear to remain bullish, I believe it will smash through the last daily high, especially if the JPY GDP is reported at the contracted rate that is expected. 🙂 good luck
Bullish divergence on 4H. Hidden bullish Divergence on daily. The price has Bounced off the 50% fib level on 4H. Looking for continuation long !! Counter trend trade, so I’ll be looking out for reversals at key levels ! Good luck
GBP has been one of the weakest currencies for some time now and it's easy to see that from this chart The FX market has been quiet for the majority of the week and it looks like GBP tried to regain some ground albeit slowly It could continue to gain but the overall bearish channel is what I'm focused on. I'm watching for bearish setups on GBP pairs but waiting to...
If the price breaks and retests minor support on H4 Timeframe, we will take short on GBPJPY. Otherwise, in case we saw the resistance broken, we would be looking for a nice long.
Japanese Yen is a safe haven asset for investors, but while pairs have been taken a beating - especially GBP against these safe haven assets - the demand zone 1 was touched so a scalp trade has been placed - aim to get 70-100 pips before closing. Risk free entry already. With new fresh zones being touched with heaving selling - await a rejection on a zone and...
the Pair can be trading in a corrective cycle for an impulsive wave, or a beginning of a bearish impulsive cycle. in both of the above cases the pair can grant us an easy 150 pips with a short positions from current levels. Good Luck !!
Back to my favorite Trading Pair. The GBPJPY. We can mark up some nice levels. Current State: We are at a Demand Level right now. But we could see 2 Scenarios. Expectations: I expect the price to go up to the Resistance Line. Only enter at the Retest which would be a confirmation. Second Scenario: The price could go further down. Also here wait for the Retest...
Look for Long entry at a D completion of BAT PATTERN at H T S
a time to ride the pair. a break below the wedge invalidates he trade set-up
GBPUSD has been in a decline for a while now Boris Johnson elected as PM - more confidence in shadow of Brexit dilemma US Fed rate cut expected - Dollar expected to weaken RSI divergence Falling wedge identified
CONSOLIDATING DOWN WE GO. FIRST TP SHOULD HIT SOON WELL SEE IF WE CAN MAKE A HOMERUN!
GBPUSD pair trade near major price rejection zone but oversold momentum indicator still suggest price can trade in this range. resistance zone 1.2800-1.2850 price needs to trade above 1.2700.