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GBPUSD: End of A Suggests B,C For Structure CompletionI have been bearish on GBPUSD since prices broke below the psychological $1.30 barrier. The current minute structure suggests that corrective wave b is underway since minuette wave (v) ended. b minute could be either an a,b,c or a w,x,y, however likely to pullback down to 1.2121/2171 Fibonacci zone. The upside potential could be limited to 1.2644, which is the 161.8% Fibonacci expansion of the 1.1960-1.2383 corrective minute wave a. Unless if the base low was the end of minor wave 5 and now GBPUSD reverses. that would turn the potential a,b,c into an 5-wave move. Should bears take over once again minor 5 will be underway! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
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ORBEX GBPUSD, EURUSD, AUDUSD Under Pressure! But For How Long?In today's #marketinsights video recording I analyse #fxmajors #audusd, #gbpusd and #eurusd. They are all under pressure for different reasons: EURUSD - ECB's Lane dovish on ECB's inflation target - Italian CPI weakening GBPUSD - BoJo goes to Brussels empty-handed - Brussels not sure if extension will help AUDUSD - RBA reveals plans to cut more if necessary - Bank could cut twice more in 2019 to support inflation and employment goals Meanwhile, everyone stresses out about #FOMC! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Markets Positive on ECB, BrexitIn today’s #marketinsights video recording I analyse EURUSD, GBPUSD, and USDJPY as FX majors seem supported not only by politics but also by economic data and fresh policy sentiment. Economic data: - German Exports delivered a positive balance (0.7% vs -0.1%) - UK's GDP reported better than expected numbers (0.3% vs 0% m/m) - US Consumer Borrowing in the US rose unexpectedly (23.3B vs 16.2B) Politics: - UK PM fails yet again to call on a snap election Monetary Policy: - Markets expect ECB to be less dovish Stavros Tousios Head of Investment Research Orbex
by Orbex
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GOLD uptrend and where is good enter fo long? Od the Daily chart how you can see on daily candles there is strong buying activity. So in this case like that i am looking for the trend setup. Trend setup bassically means that you are looking significant volume cluster. Like right now on Gold market around price level 1416. This is very strong volume cluster created in rotation. I expect that when market come back, strong buyers will be defending their buying position and their push the price up. Happy trading Dale
TVC:GOLD
by Trader_Dale
USDCAD Reaction on POC OF THE 2018 ... The last week i share with you analyses on USDCAD Daily chart... I showed to you combination of two my setups what i use... Yearly Volume profile with Daily Gartley. POC Of the Year is so strong level, where big banks and instuticion want to trade... Point of control ( POC ) the last year 2018 On USDCAD in Price level 1.30228 was perfect example how it works in real condition. There was around 8 test... Where big banks and institucion accumulation or want to buy more contracts for continue trend up from the Year 2018... Follow and Study Volume profile and have an advantage over others.... Happy trading Dale
by Trader_Dale
USDCAD - Point of control of the Year 2018 We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019. After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262... 50 % moved up is so near to the Point of control of the year 2018.... So there is a lot of confirmation for the trend reversal... 1. ABCD GARTLEY 2. POC OF THE YEAR 2018 ( Volume cluster ) 3. STRONG UPTREND in 2018 Happy trading Dale
by Trader_Dale
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EURUSD significant levelYesterday was nice move up... When i use Volume profile on this move up.. There is two significant volume cluster.. First one is from accumulation buying activity for long trade. ( I marked this zone number 1 ) Second one is near to high of the market... There is nice to see what i call " Rejection of higher prices" ( i marked number 2 ) Strong sellers rejected so fast this high price and left in this zone many contracts for short.... I hope so that when the price go back, this strong sellers will be defend their selling positons.. Happy trading Dale
by Trader_Dale
3
Broad market analysis FX Indices Commodities Crypto. 09 May 2019I was thinking... They say "be specialized in only 1 market", but how does that work? Everything matters and there are correlations everywhere. Be specialized in 1 strategy sure, but what better way to do this than have a global view on everything? I like it this way. People that only focus on 2 - 3 symbols can look at everything but really go in detail with their 2-3, but why not go all the way. And specialized in 1-2 strategies. - Indices - Moderators of the SnP & DowJones pump and dump group (Trump Powell & XiTrolliPing) have reached their target & now sent a sell signal. Of course, they have not told anyone their target. Several people have asked Trump on twitter to just tweet his target, but he is not going to. Investors should not panic, but I would definitely call it time to be preparing to panic. - FX Majors - The Yen has started rallying. Something is happening! USDCHF rally is over. Sucker's rally. Watching for bear break then buying the bear sucker rally. USDMXN to the MOON! Waiting a pullbacl to buy. EURJPY bearish - Commodities - Gold either is consolidating or made a higher low? Nothing to do. Oil tightening, waiting for that bear break soon, and buying at the target pattern more or less. Soybean futures I bought that multi year low. We shall see. I am thinking it's 50/50 odds but RR is between 1.5 and 2. Copper made a lower low. Might "capitulate" soon. Waiting on that full (bull trend) retrace. - Crypto - Bitcoin wow what a great transition. It has not reached resistance yet but it is close. Maybe overcut a little... Posted an idea about scaling in early because crypto traders take profit early. Will they now overcut the overcut? Alts... They are all consolidating (well not all thousands of them but in general). Not interested. - FX Minors - Nothing very interesting and there is already alot going on elsewhere. Got stopped on GBPAUD but it is trolling me hehe. Might re-enter... Summary: MY HEART! EVERYTHING IS MOVING AT THE SAME TIME. TRUMP PONZI STOPPED GOING UP TRADE WARS UNCERTAINTY STOPPED. SO INVESTORS ARE MOVING MONEY NOW. To watch: All Indices Yen (USDJPY bearish) USDCHF possible bear break USDMXN TO THE MOON EURJPY bear trend Gold & Oil & Copper there is time. Soybeans entered the trade, hope it bounces now :p Bitcoin short, might as well overcut that resistance. I think 6300 is good. GBPAUD re-buy, re get rekt.
TVC:SPXShort
by MrRenev
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