short Pound 1.22500 downside target follow me want to learn how to trade? go to www.goldsnipersacademy.com
Pounddollar
Short GBP/USD March 2017Hi Traders, check out this H&S move. Could result up to 6500 pips. Limit unknown as never been this level before. The next price move -March 2017 - could be as far as the head level but in the opposite direction (down) - triggering of Art 50 could be the catalyst. As you can see already broken the neck line. Best to be prepared.
Bullish Cypher GBPUSDPossible bullish pattern, I expect it to hit the missed pivot. at 1.233. We may have one more impulse leg to the high creating the last leg of the elliot wave.
GBPUSD is supporting in 38.2% Fib retracement area.Now, Pound Sterling is supporting area in 38.2 Fib retracement zone. The start of downside Trend was 1.27240 since last year of Dec 5. Now, New government was came up. Everybody probably know that uncertainty make dollar falling sharply.
Good Luck to you!
$GBPUSD Advances to Retest Structure before Advancing HigherThe Pound will rally to previous structure lows before retesting last weeks close for a potential 38.2% Retracement downwards. No Significant bias on this move, the aim is to simply catch this retest for profit and trail as it progresses. My outlook is nothing less than 50 pips profit with a 15 pip stop loss. Almost 1:4 RW%.
A possible upcoming short on GBPUSD?GBPUSD has broken out of the daily trend line. now its looking to go back up and hit one of the fib retracement levels. most likely it'll show some sign of reversal at the 0.38 fib level or 0.5.
entry -1.25555
SL -1.26310
TP - 1.23761
risking 75 pips for 170!
GBPUSDHere i have gu. prices seem to be respecting that line on daily timeframe. i am looking for a possible long if i see that line is still being respected. if we see a break of that line i could possibly look for a short entry. i really want you guys to comment what you think and help me out on what i should do and dont.
thanks!!
GBP/USD: HOPPING ON THE TREND WITH PRICE ACTIONThe cable is making harmonic trend moves to the upside, respecting the channel, son now it is time to start surfing the next wave.
At the zone we have a major level of fibonacci,
a H4 support
a potential oversold scenario
and the cherry: lower band of the ascending channel
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Pound to Dollar forecast 1H to DailyPound to Dollar forecast for December 2016.
The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%.
GBP to USD forecast for January 2017.
The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum 1.19. Averaged rate for month 1.21. The forecast for pound exchange rate at the end 1.21, change for January -0.82%.
Pound to Dollar forecast for February 2017.
The exchange rate for beginning of February 1.21. Maximum rate 1.21, while minimum 1.16. Averaged rate for month 1.19. The forecast for pound exchange rate at the end 1.18, change for February -2.48%.
1H/4H Range looking for breakout
Daily Small UP Channel from 2016-10-06
GBPUSD SELL IDEA INVESTMENTGIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND.
'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
Read all about today Pound crashes on ForexSQBritish pound crashes to a new low after Brexit, Read all about Sterling crashes on ForexSQ goo.gl
Continuing Decline in Post-Brexit BritainAfter countless headlines detailing what seems to be a continuing spiral towards a hard brexit it is hard to see a clear spell ahead for the currently ever weakening pound. Little real positive news has appeared to suggest anything but shorting the currency in the current market with increasing volatility and a prime minster dead set on hitting the city it'd be unlikely to expect a large rally of the currency any time soon. In this analyst's opinion I expect nothing but further falls for the currency and with time we may find what appeared to be an algorithmic error becomes a very real economic reality.
CABLE SHORT TO 1.30: Fundamental and TechnicalGBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day.
Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for USD.
The UK has seen a slew of good data, however the risks of Brexit remain, as well as the uncertainty about the process itself. Furthermore, it is likely that BoE cut rates in November to protect the economy from such risks, in the event they do arise. QE is still ongoing, however GBPUSD trades above pre-QE levels. This may mean Sterling is overvalued in the near term.
Technically: there is strong resistance at 1.345 / 1.35. The hourly chart shows strong divergence above 1.34. There is much risk to the downside - 500 pips till the post-Brexit low of 1.28.
CFTC data: a few weeks ago, GBP shorts were at record highs. Since then, shorts have reduced. This suggests there is potential for shorts to start building positions again, and that the GBP short squeeze came to an end when Cable was abruptly rejected from 1.345.
Many major banks forecast Cable below 1.30 by the end of the year. I agree with this, and am short from 1.33 until 1.30, after which I will re-enter short on pullbacks or on a clear break of 1.30.
Should you buy or sell British Pound this week?Should you buy or sell British #Pound this week?..Read #Fed and #BoJ impact on markets at www.ForexSQ.com
goo.gl
The pound cut down 1.3 % this week to $1.3089 as of 5 p.m. London time Friday and pound forex traders, the sharpest decay since July 8. It run down 0.7 % to 85.26 pence per euro. Sterling moved a thirty one-year low of $1.2798 on July 6 and is down 12 % against the dollar as the June 23 referendum on Britain’s association of the EU.
Cypher GBPUSDUsually im not into cyphers and bats, but here is one idea.
Its just an idea. Not a fact. Good luck!
GBPUSD high probability entry setup in the next few hours.There is possibility of a head and shoulders pattern forming, along with macd divergence, and a break in the uptrend, IF and only IF those three come true, we have a chance of entering the trade when price retests the neckline and starts moving down.
Only once that retest is complete and price starts it's journey to the downside will we even think about entering this trade.
Set a "crossing up" and a "crossing down" alert below the neckline to make monitoring this possible set up easier for you.
Remember not to over leverage any position no matter how "sure" you are.
NFP Forecast GBPUSD by ForexSQGBP/USD has been staying in a consolidation channel for the past two months since Brexit. Positive NFP numbers may force the pair to test 1.28 level. In case that support is violated, 50% Fibo expansion of Brexit fall around 1.24 level could be the next target. 1.33 area where Fibo 23.6% retracement is located can hold as a strong for a resistance for a while. 50 DMA is still staying below 100 DMA. RSI is close to 50 area and seems neutral at the moment and can stay around that level until NFP numbers are released.
It will be difficult for GBP to gain back the value following Brexit against USD since BoE and Fed are to follow different paths as far as their interest rate policy is concerned. BoE is expected keep expanding its monetary base to offset the negative impacts of Brexit in future meetings.
Read more at www.ForexSQ.com
GBPUSD Bat Pattern Short 1hrHello traders,
We have a potential Bat pattern completing if price can pull up to our level of entry @ 1.3262
This presents an opportunity to go short on this pair at a level of minor resistance.
Target 1 @ 1.3184
Target 2 @ 1.3135
SL @ 1.3328
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