Call me crazy, later.... GBP/NZD swing trade to the moon!Based on the weekly double bottom that has been pushing price since around 2016, the market has ultimately predicted the out outcome of Brexit, or any positive or negative news that is to come. If we can stay in tune with the weekly formation, price needs to get up to the next weekly selling zone. FX:GBPNZD
side note: I did hedge this position with a sell at the top of the weekly zone on the short term reversal, but I can't not buy on the news sell off into liquidity.
Sterling
EURGBP: Trading Plan
what a boring price action on EURGBP.
the entire month the market is trading within a narrow trading range.
It looks like finally selling pressure is accumulating.
Most likely the pair will break below the underlined range and face with a strong zone of demand.
I will try to catch a bullish impulse around 0.85 major structure support level.
In my view, the price will retrace at least to 0.87 level.
no matter what is your execution technique, I suggest setting your stop below 0.847
GBPUSD: Trading Plan For Next Week
good Saturday, traders!)
GBPUSD has easily broken below 1.28 structure zone still respecting the falling channel .
I still keep following this channel and my next zone of focus is the area around 1.27 level!
Once again I will be waiting for a bullish breakout of a channel to take action and buy the pair.
Target levels will be 1.28/1.29
*if the market goes below the underlined zone, setup will be invalid!
EURGBP: Buy After Breakout
EURGBP has been consolidating for two weeks.
On 4H we see a descending triangle formation and there is a high chance to see a bearish break below the horizontal support.
however, once bears break below they will face with a major zone of demand
and buying volumes will accumulate.
For these reasons, be focused on the area around 0.85 and look for a signal within this zone.
Target level will be 0.87