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USDGBP

$IWM Financials Bull Run - Component #2 AMEX:IWM As we continue to embark on this epic economic bubble , there will be varying components that will be mixed in so the trend can continue. To allow some normality to the markets, profit rotations still seem to be taking place and tech seems to be the one market that is becoming exhausted. With that said, I think we continue to see those absurd profits roll into financials and small caps, allowing $IWM to be a benefactor of that, which the technicals are starting to show. With that thought in mind, looking at the chart you can clearly see a strong bullish breakout, with volume (last green volume bar to the right) from consolidation and our first attempt at breaking the first red trend line. I expect us to retrace a bit from here, and each red line there after once contacted, but also fully expect us to make our way up to at least the $170 region (3rd and final red trend line). From there, in J. Powell we trust and Gods speed. I leave you with this, "cut your losses early and let your profits run" - J. Livermore - PennyBag
AMEX:IWMLong
by PennyBagsCapital
Descending Channel Breakout Pull Back and ContinuationMy expectation of this pair is for it to continue up towards the top of the longer-term ascending channel for a third touch. Once the price is at this level My bias would then be short, that is probable. However, what is possible is a long term break, this is why I will wait for confirmation before taking a position. A break from the descending channel confirms a long position, once the pullback to the 50% fib was confirmed with momentum to the upside I entered. Entry - 1.26708 SL - 1.26418 TP - 1.29729 Depending on price action I may close half my position halfway to my TP target. SL will be moved to breakeven once the first pullback and continuation have happened.
Long
by crooksyy
The Topping to your Papa Johns $PZZANASDAQ:PZZA Title says it all. This looks to be a short term top to me on the 1D chart and a potential H&S in the making, currently in the process of printing the head. $PZZA broke to ATH's after consolidating from May-June. Typically once you breakout to new ATH you will get a retest of the prior consolidation, hence why I am looking to short here with a target around $80. As you can see the purple arc acted as resistance during consolidation before breaking out, completing our right shoulder. I have put another purple arc at the head where we should see resistance and a breakdown back to the consolidation range to test it as support. Overall I really like this name and think that Papa Johns has a great plan for long term growth. This is a very limited short scalp looking to capitalize on cheap put option premiums. - PennyBag
NASDAQ:PZZAShort
by PennyBagsCapital
3
USDGBP Ascending triangle.We can see an ascending triangle forming here on USDGBP. This formation means that buyers are out performing sellers. As you can see the buyers keep pushing there lows higher but sellers cant push there highs lower. You can see my predictions on the chart with the arrow. I will be getting in on the retest of resistance turned support/the primary line of the triangle. Pretty major resistance as 0.79807 but i'm pretty sure price will brake through. There could be a great opportunity to catch the move after this happens, will probably be sometime next week. All indicators also point to a break. Pretty bullish fundamentals out this week for both sides of this pair so it will be the data that comes out next week that is really going to dictate where this one goes. Stay tuned!
by Ethan_FX
🥊Tyson Fury Vs Deontay Wilder - who wins?🥊Looking at the macro, we can see the GBP has been in a bear market against the USD since 2008, and then after Brexit it felt even more pain. So what happens next? The UK is currently applying a lot of fiscal and monetary stimulus to the economy, and negative interests rate could be on the way. This is a bearish signal for the GBP. You may say well the US is printing even more and they too are signaling negative rates, surely the GBP can move higher? Yes it can, but there is more demand for the USD as it's used to buy oil and it's the currency businesses pay suppliers globally. There is very little reason for anyone wanting to hold GBP unless you live there, The long-term forecast is bearish for the GBP, unless it receives some good news. RSI is also showing lack of momentum of buyers for the GBP. I provide long-term macro technical analysis combined with industry sentiment to understand charting better. Please give me a follow and look at my other monthly ideas for Gold, Bitcoin S&P500, Curde Oil and GDX.
by BangkokCharts
2
GBPUSD 1.20999 -1.01% SHORT IDEAGOOD DAY TRADERS HERE'S AN IDEA ON THE GBPUSD, IT WAS ANOTHER BAD WEEK FOR THE POUND THIS PAST WEEK PROBABLY DUE TO RISING BREXIT FEARS, BAD ECONOMIC DATA FROM THE UK AND THE PANDEMIC PUTTING PRESSURE ON RISK ASSETS AND ALSO THE BANK OF ENGLAND RAISING THE PROBABILITIES OF MORE STIMULUS MEASURES. > GBPUSD IS TRADING AT 38.2% FIBONACCI LEVEL ON THE 4H CHART > CCI - -241.4 WHICH COULD BE SIGNALING A RETRACENMENT TO THE UPSIDE BEFORE CONTINUATION TO THE DOWNSIDE LOOKING FOR SHORT OPPORTUNITIES ON THE PAIR RISK MANAGEMENT PERIOD - SWING
Short
by PULEMokhothu