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National Lockdown in Great Britain; covid-19; short positionIn this analysis in H4 timeframe, we have a confirmation of price action reversal of the trend. Well, as we see a good opportunity to short GBP/USD. Based in the speculate news we see that Pound it's goes to bearish trend becuase Pound was sell it based in the bad news that U.K. Prime Minister Boris Johnson put lockdown today in United Kingdom for the over number of more covid-19 cases. So, that it's so interesting to look this position and we see a bearish rising wedge. Ok, I put a sell order limit at $1.3610 USD with a SL at $1.3680 (70 pips) and a target profit at $1.3360 (250 pips) And looking this Daily chart, obviously, Pound end today with a bearish reversal and that show that this week, Sterling it's not have good news in Forex sepcualte news if you see in investing. That it's it Good luck!!!
Short
by harisonhbn9718
Sell of Sterling Pound for bad news of United Kingdom!!!Hello, this week Sterling Pound was the bad news of the No-Deal Brexit and investor is option to buy U.S. Dollar than buy Sterling Pound. Well, in H1 timeframe we found out with a Fibonacci speed resistance, that mean a Fibonacci's Fan, the trend is confirmed the 0.382% of Fibonacci's Fan and then, I entry in the 1.2934 USD to find down 160 pips o the drop while correlated the EUR/GBP is bullish about the ECB news!!! The latest analysis that i show is to study Sterling Poudn is so difficult and hard because Sterling is an volatil asset's and the movement is so fasting, so so faster its movement that in 1% is 160 pips, it's so crazzy to know and studying this assets. But now, we are in Daily and Sterling Pound is leading to the Daily yellow support, that is exactly what is our take profit. Well guys, at the moment, this is my analysis that I make this week.
Short
by harisonhbn9718
Fundamentals and Analysis: Sterling Pound with chances of buy!!! Remember that in yesterday I make a technical analysis of this par, we see that this par wan't to change the trend, also remember that in macrotrend as weekly or montly we are in the higher zone of possibles sellers and supply zone. This is a weekly panoramic and we see that Euro is weakness!!! We are in this distributtion zone from the year 2016 Now, for your convenience, if you are left Daily timeframe, I make for you this technical analysis in H4 timeframe, the key in H4 it's seem bearish as we see in Daily timeframe. We are in this simetric triangle and into this grant simetric triangle, look up that is a distributtion zone and that mean a chartist pattern a continuation of the bear scenario. Also, i show my favorite indicator RSI, we see that RSI in H4 is below of 50, that is an extra confirmation of sell. And also, we see that we could see a drop of 150 pips, that is your perfect target profit as to me. Fundamentals: 1. Pound Sterling to Euro exchange rate up but gains may be limited 2. Following last week's modest tumble, the Pound is also edged higher today. Sterling is gaining on a riskier market mood, but the currency's gains may be limited. 3. Sterling attempts to benefit from market sentiment 4. Pound exchange rate appeal limited as "second wave" coronavirus fears rise 5. The pound briefly saw a jump in demand last week. Investors reated to news that the bank of England 2020 economic forecasts were not as dire as they had been in May. 6. The pound's benefit from this news was limited. Sterling was sliding again towards the end of the week, as concerns about the possibility of negative rates in the UK weighed on the currency's outlook alongside Brexit jitters. 7. Euro exchange rates pressured as rivals attemp recovery. 8. Investors have found the Euro broadly appealing in recent months 9. Investors are hesitant to keep buying Euro even higher following its long period of gains. 9. Investors are opting to buy Euro agains the rivals on the cheapest level if the Euro is go to sell for limited time. 10. Pound to Euro exchange rates awaiting UK Job Market Data
Short
by harisonhbn9718
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