HEY GUYS TODAY I PRESENT YOU MY CONTRARIAN ANALYSIS ON GBPUSD BASED ON MASSIVE DAILY BEAR STRUCTURE IN GBPNZD WHAT DOES THAT MEAN? WELL, THERE'S STILL HUGE UPSIDE IN GBPUSD (WHICH IS IN-LINE WITH EW I'VE POSTED PREVIOUSLY). HOWEVER, IT LOOKS LIKE WE WILL GET SOME SORT OF EXTENSION FOR OCT31 DEADLINE AND THEN THINGS GO HORRIBLY WRONG LATER NOV-DEC 2019, IT'S...
THIS IS AN UPDATE FOR NON-MILLENIALS AND NOT FOR SHIT-COIN TRADERS WEARING DUNCE CAPS. 3150 IS YEAR PIVOT FOR GBPUSD WHILE 2000 WAS YEAR S1 LEVEL. WE HAVE A STRONG DOUBLE BOTTOM ON BOTH WEEKLY AND MONTHLY PRICE CHARTS. BUY DIPS AFTER US-CHINA SHENANIGANS EARLY NEXT WEEK. WHATEVER WE GET JUST LOAD UP ON BUY SIDE YOU WON'T REGRET IT. OVER 120 BLN USD OF CALL...
BIG UPSIDE GBPUSD WANTS TO PLAY IN THE UPPER PART OF THE H4 CHANNEL. BULLISH CHANNEL GOT CONFIRMED TODAY.
DXU BULLISH H4 TL BROKEN - EXPECT EURUSD AND GBPUSD GAINS
MIGHT OVERRIDE THE ANALYSIS I'VE POSTED PREVIOUSLY. KEEPING AN OPEN MIND. I WILL WAIT FOR PA REACTION NEAR 2240//2260.
BUY ZONE IS 2250-2275 TARGET IS 2450-2500. GREAT TRADE SETUP, DON'T MISS IT.
DETAILS SEE CHART. ENTRY IN CURRENT RANGE. SL - SEE CHART. TP 2550-2600. GOOD LUCK, TRADERS!
EURUSD BUY DIP 0900 TARGET 1100 +200
GBPUSD H4 chart review. Strong channel, BUT. True test will come near 2500//2540. Significantly overbought, at least expecting a pullback to re-test mid line. However, possible downside extension near 2200 also a valid option. Keep your eyes open. This market could make a major reversal soon.
DXY getting overextended. SL/TP details - see chart. Good luck, traders!
ENTRY SEE CHART. TP 500 POINTS. STOP LOSS FIXED AT 7820.
BEARS STILL REIGN SUPREME. TRUMP'S INTERVENTION IS HOG WASH - NOT GOING TO HAPPEN, BESIDES YOU CAN'T MOVE A MARKET WITH 2-3T+ VOL BY DUMPING 75-100 BLN USD OF NOTIONAL PAPER. IT MIGHT PRODUCE A 50 POINT MOVE, BUT NOT GOING TO PRODUCE A HUGE SPIKE FROM SAY 1000-2000. SO EVEN IF TRUMP WAS TO GO AHEAD WITH INTERVENTION, I'D SAY IMPACT WOULD BE VERY VERY...
FOR POSITION TRADERS ONLY, THIS IS NOT AN INTRA-DAY SETUP. YOU HAVE TO BUY DIPS AND HOLD THIS UNTIL WE HIT TARGET. WE ARE NOW IN WAVE A OF THE CORRECTION.
MASSIVE DOWNSIDE. NO BOTTOM UNTIL DECEMBER 2020. SHORT SELL ANY RIPS. OCTOBER 2016 LOWS WON'T HOLD. THIS IS A TRAIN WRECK.
GBPUSD WILL CHALLENGE OCT 2016 LOWS SOON (NEAR 1.1650). NO GU BOTTOM IN SIGHT UNTIL DECEMBER 2020.