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Sterling

Critical Brexit VoteHello traders, As you can clearly notice, sterling has been very volatile already ahead of Brexit vote. The pair is trading now at 1.284 down 0.17%. It is already widely expected that PM May will lose the vote tonight, the critical question here is by how much. A defeat by over 100 votes is considered a major threat to the brexit deal and will drag sterling lower. Therefore 2 scenarios exist: 1st: PM May loses by 100 votes or more ----> GBP/USD sharp decline to 1.25 and 1.20 in extension ( depends on the outcome ). 2nd: PM May loses by less than 60 votes ---> GBP/USD might trade sideways up and down ( also depends on the outcome ). I advice to stay away from this pair as very high volatility is expected as well as wide spreads. Trade safe and Good Luck
by RamziAbouAbdallah-CMT
GBPUSD Going higher? If you buy or sell you're right!Going higher? Of Course, it will go higher and at the same time lower, because does not matter if you buy or sell, you are right! your problem is timing. At this time, slightly bearish I'm looking for a short opportunity!. After I have been asked multiple times for my Professional Trading Course, Tradingview followers have a great discount to pay just the half. There are just 25 seats available. Learn how to beat the market as Professional Trader with an ex-insider! Have a Good Trading Week, Cream Live Trading, Best Regards!
Short
by wildcreamlife
[BTC/GBP] Bitcoin supply & demand zones for GBP [BTFD]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... This is a plan for GBP users looking at bitcoin prices to buy sell in the next months use the coloured areas to get an idea of where we may bounce and rebound off we are approaching a key area of $3k on the usd charts and want to show in different major currencies where these levels are in comparison to the leading usd charts please leave comments below or join our BTFD trading group, we have current off to join VIP for only 0.01BTC p/m until end of 2018 disclaimer: this is for entertainment purposes only
by majorlee
GBPCHF: Short From The TopWhaaaat´s up traders ? Here is my short analysis for the GBPCHF pair. Im short on this pair as we see major market structures forming. Currently price is above my entry ,but with the right risk management there is nothing to worry or stress about. As long we do not move a larger move (20-50 pips) over the divergence trend line. After 3 levels of rise we expect at least a bigger correction from there. Wishing you a great trading week and be careful for pre elections during these hours :)
Short
by darian_fx
2
GBP/CAD - Support and Resistance + Brexit Fundamentals GBP/CAD BUY, Talking points, Technicals: Sterling could bounce on this support. Because of the Brexit, GBP/CAD is in a non-tradeable environment. Still it's a beautifull example of simple dailly support and resistance. Easy trades. I still have a bullish forecast on the technicals. Fundamentals: NOVEMBER 25: Emergency EU summit? One reason why Theresa May is now pressing for an agreement on the UK’s withdrawal treaty is to pave the way for a special Brexit summit in November. The UK government wants the EU’s formal imprimatur on a deal this month so that London has enough time to push through Brexit legislation in early 2019. But, as negotiations have continued, the dates on which the summit could be held have been slipping into later in the month. The UK had previously hoped for November 17-18. Now the last possible date ahead of a G20 summit in Argentina to which many leaders are heading appears to be November 25. On that day, if all goes to plan for the UK prime minister, she and the other EU will sign the deal. Sentimental: MID-2020: Brexit Journey’s end? Many business leaders suggest that the “maximum facilitation” plan favoured by some Brexiters, relying on ad vanced technology to speed up customs clearances, would need years to put in place, delaying “full Brexit” until deep into the 2020s.  A less ambitious “fast-track” system on the US-Canada border took decades to develop and billions of dollars in investment.
by DikotoMandengue
GBPUSD: Bear within Bear within Bear within Bear within...If one were to plot the exchange rate between the US Dollar and the British Pound, since the beginning of the USD as a standalone currency, you would find one of the most consistent bear trends of the last 2-3 centuries. If one were to look at the decline of the Pound against the USD from the end of WWII to the present day, you would find an even more defined bear trend. If one were to look at the decline of the GBP after joining the EU, again, the same consistent pattern emerges. And today, as people take to the London streets to protest BREXIT, I still see no fundamental nor technical reason to be bullish the GBPUSD. The evolving BREXIT situation is producing nothing but more uncertainty. Aside from the apparent incompetence of the UK government, the media - as with Trump in the US - and fanning the flames to turn the population against itself. If there is a second referendum or not, it doesn't matter. The damage to the public's consciousness has already been done, and neither side will accept any outcome. The media agenda is not entirely clear until one is aware of the big picture: the GBP is doomed as a currency, just as the UK faces demographics and economic headwinds, too numerous to discuss here, that also render it doomed. A population that cannot unite remains powerless as a government imposes draconian taxes to cover its own spiraling debt, and its pension black hole that was previous filled by Brussels. The UK is also a small island that will surely find itself underwater as the coastlines shift, with nothing but destruction in store for its distressed inhabitants, who naively secured their own debt slavery via the mortgage, in ignorance of any sound financial principles. This is to be noted, because I believe what is at stake is the viability of the GBP as a currency. It may not last through even half of the 21st century. It is sometimes important to keep a long-term picture in mind, to give context to your charts. For now, it appears GBPUSD is forming a B wave in a downtrend that measures to 1.15 area. Recent candle structure - 3 bearish tails and a doji - point to building selling pressure and indecision. I will short on a solid break of the symmetrical triangle. The picture is negated only in the short-term on a break up from the same triangle.
Short
by TheRealPeaches