Ok, I posted a short analysis of this symbol a few minutes ago, you can go to my profile and see it, and now I want to post a long analysis of this symbol to introduce potential points for buying! Please place a limit position of 0.5% of your total balance in each of the specified areas and specify the stop loss and target values exactly as shown in the...
This is an update from a previous analysis i posted on Dec. 12, 2020 Everything is playing out the way I anticipated. Check Previous analysis below.
Outcome for a Brexit 'Yes' vote. As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way. We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks. Using the fibonacci - we have our level targets at -0.618 to hit the monthly zone at 145.5 and our...
Here we look at buying the GBP/USD exchange rate as the market prices in the expectation of a Brexit deal over the coming week. We look at entry price strategies and one-month volatility stop-loss area's.
possible long on gbpusd on complete bat pattern nice risk reward ratio
Only entering this trade if we have a bullish engulfing over asian session candles. I do 300-500 pips a week. Telegram Signals in bio. Quick enter and exit trade for 30-100 pips. Market psychology. The banks and firms do exactly the opposite of what the retail traders do. That's how they make their money. This, if criteria are met, will be the perfect example.
banks and firms want you to short, this is a clear buy pertaining to fundamentals capturing a nice 50-100 pip move. -don't believe my analysis? check out my bio and the links. proof in pudding.
My Friends, GBP\USD has confirmed an uptrend reversal I would be buying from these levels I mentioned. Good Luck. *Trade at your own risk.
Monday, Tuesday and Wednesday - has main news for GBP pairs. But pair has big long impulse on 7 feb. And next - 3 lower lows on correction. So right now we can open long position on GBPUSD on 1.2920 SL on - 1.2851 - near 70 pips - big SL so use not big order volume. TP - 1.3100 and RiskRewardRatio - 2.64.
Fundamentals:- After the EU backed the Brexit deal formulated by Teresa May we could see an up swing in some of the GBP currencies. Although some traders believe this is already priced in coupled with recent economic data I can't help feeling that the GBP is slightly undervalued. Technicals:- As you can see we have used the daily chart to analysis this currency...
Fundamentals:- The consistently weaker Japanese economy has caused a sell off on the safe haven assets and until trade wars raise there concerns again. As for the GBP a new dawn is approaching as the MPC scale closer and closer to interest rate rises we should see more of the committee members vote in favour of a rate hike tomorrow pushing the GBP higher against...
Fundamentals:- We are taking a short term Fundamental view on the GBP/USD -0.64% at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC -0.07% changing its interest rate vote recently we could see a...
Fundamentals:- we had a strong risk on trading day today which caused the JPY to remain range bound. The GBP has some important economic releases due out this week including wage data and CPI both of which the BOE are looking at to tighten monetary policy. ING believe there is upside potential for wage growth and I tend to go along with that scenario as many...
We have seen GBP / USD fall over recent weeks. Whereas I still believe there are opportunists looking to profit through shorts, I will be going long from the week commencing 28th May. Here is why; 1. We have gone past the 2018 Daily low (Investors negative around the pounds outlook) and often we see faster recoveries when a major support is broken as traders do...
Decent drop via the election, good chance to position long term GBPUSD long trade.
GBPAUD looking like it could try for new highs if it stays above support if it does break support it could try for the bottom channel line once more good luck
Fundamentals: - The UK came to its senses and a leave vote was a victory on Friday. This will of course cause a dip in the economy with the GBP reaching lows not seen since 1985 but just like 2008 it will bounce back except this time I believe it will be stronger than ever. We could see a drop to 12000 against the dollar over the coming week or the market might...
Looks like we have a breakout of some consolidation which leaves me to believe we can reach the 174.50 area.