Key Confluences * 1 HR Push below 10 EMA * Consolidation at resistance zone * 1 HR bullish momentum reducing Trade at your own risk
GU Might face a strong Resistance from the level marked on the Chart as DXY took a plunge but reaching a crucial Support to the 94.00 key Level. Might wait to see a good price action. Trade Safe, Don't Over risk! www.tradingview.com For More Queries DM me for Private calls with exact entry and exits.
TF Week: Parabolic SAR have sign of reversion TF H4: Reached the first resistance area. Short opportunity against long trend, TP at green area.
GBPUSD SETUP: Structure Breakout & Retest Confluence: 1. BRN 2. CRS Entry: Sell @ 1.2900 SL @ 1.2930 TP @ 1.2750 Let me know what you think :)
FX:GBPUSD SELL GU @ D-Leg. Wait for CRS confirmation first then only enter the trade. entry @ 1.2745 SL @ 1.2810 (65 pips) TP @ 1. 2580 (165 pips) TRADE AT YOUR OWN RISK
GBPUSD - At the end of last week GU traded to lows of 1.32 on the brexit vote, before retracing substantially to 1.39 by the end of the day. - GU retraced 600-700pips after the brexit event IMO solely as investors took profit from their shorts (which causes buying) - thus there was no structural reason for GU recovering e.g. it was that 1.32 had mispriced GU...
My FX portfolio currently consists of : - 2Long x USDJPY @ 106.8; 2Short x GBPJPY @ 151.2 (dynamic hedge for long UJ); 2Short x GBPUSD @ 1.4570. I will add to my short GBPUSD holdings if i can get a similar price & I may add to short GBPCHF or EURCHF downside if markets make a turn for the worst as IMO CHF denominations are under-priced relatively (as discussed...
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article). Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap! IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back...
This is just my take on GBPUSD - None of my indications nor chat are guaranteed, if you can relate to it? then trade it and wink me later :) Don't forget to set your SL accordingly Have fun trading. Cheers