Yen has been weak across all other currencies. Sterling has had one of the best performances against it. Will it continue? We shall see. The chart favors continuation in my opinion, even though we are witnessing a rising wedge formation, which typically breaks to the downside. There are times also when it does the opposite. Also take note of the similar type of...
These are just my ideas, what I’m expecting, and why, with this week’s the big fundamentals. Overview Big market-moving news this week with Wednesday’s UK CPI, Thursday’s BoE Interest Rate Decision and Forecast, there is also FED Powell’s testimony in between the UK events on Wednesday. Several things could play out with the UK news, which is what my scenarios...
The British pound had a strong rally, starting from the ¥175 level and breaking through significant resistance levels. It even surpassed ¥180, a psychologically important mark. However, caution is advised as chasing the trade at these levels is risky. Markets don't go up indefinitely, and a pullback is expected. Lower prices are needed before considering entry. If...
GBP/USD is in one-year highs - where is the next resistance? In between 1.2867/85 lies a short term resistance line, the 55-month ma, the 200-weel ma and the 23.6% retracement of the entire move down from the 2007 peak. We recommend tightening up stops as we approach this tough zone as we would allow for some profit taking in this vicinity. Disclaimer: The...
FOLLOWING DOLLAR INDEX ( DXY ) MONTHLY ANAYLSIS.. GBPUSD INMINENT SELL OFF PRICE COME BACK FOR FIRST TIME (HIGH PROBABILITY) TO A SUPPLY ZONE GENERATED PREVIOUSLY AFTER TOUCHING ABOVE SUPPLY ZONE. I SUGGEST TO OPEN SELL POSITIONS: - SL 1.26850 - 1.26900 (Above Supply zone) - TP 1: 1.18 (closing internal bearish cycle) - TP 2: 1.07 (closing external...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Trade Idea: Selling GBPJPY Reasoning: Selling into short term downtrend resistance Entry Level: 170.22 Take Profit Level: 168.02 Stop Loss: 170.74 Risk/Reward: 4.2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
GBPJPY annual cyclic moves are at play. With the world markets in crisis the Sterling has been enjoying highs, a cyclic correction may be at play, technical analysis pointers support a swing to the downside, rejection to the upside has already occurred on the Daily TF, the uptrend channel is high likely going to respect swinging to the downside back to the 1.60's....
change of Minister means new outlook... or close to RESET for a better BREXIT backto all time highs
gbpjpy short, after the long holiday hoping prices will start moving more volatile from Tuesday am shorting gbpjpy sl 164.800 tp 164.800
hello traders cable in a nice up trend now drooping down to fill up the imbalance in the market place it looks clean lets get it
GBP/USD needs balanced GDP data to climb. The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows towards the safe dollar. Markets are mostly bearish today, with the only catalyst for their...
hello traders new week new opportunity is in a nice manipulation we don't get tricked what sets the trade is the stop runs as far as we can identify the liquidity pool and identify the frame work trading is easy lets get it comment what you think also follow for more wish best trading week
Hey Traders, Bullish Compression on Fiber. Still bullish, but nearly weak momentum, reverse probability.
Could this potentially be the upcoming selling opportunity for GBPJPY? If so, I will monitor the market closely for a sell setup.
Embark on this potential opportunity by entering a trade on a bullish flag pattern, following the confirmation of a breakthrough to the upside. Implement wise risk management techniques by limiting your investment to no more than 1% of your account equity, while setting your take profit target based on the chart analysis.
There’s been some decent swings in price lately. I believe the reason we witnessed such a dramatic rise and fall in price over the past two weeks was not so much due to euro strengthening over the pound, but because the pound weakened against the dollar more so than the euro. By this I mean that the pace of capital flight from pounds to dollars was more...