Brexit is looming over our heads and it's some time in March when Article 50 will be signed. This is what we should see in the lead up and the after effect of Article 50 being signed. 1. We should see the market price itself in at 1.30 level 2. Once Article 50 has been signed we should see Cable fall down to around the 1.20-1.19 level up to around May...
Price has left the consolidation zone that's been going on for some time, and if it manages to come back to the 0.97347 zone then we could expect some evidence for a last kiss trade
There was a bearish engulfing pattern yesterday, which covered the past 3 days. Now it can be argued where the necessary support area is. However there is a clearly a move which has been taken by the bears in this case. Can expect resistance at 87.188 area or 84.650
Entered long last week after a demand signal appeared on the weekly & daily TF but so far hasn't been profitable. Questioning whether I should exit when the markets open or let it ride and see what happens?
There is a possible supply zone about to form on the weekly chart for the GBP/USD pair. As you can see on the Daily and 4 Hourly chart that there have been numerous supply zones formed. Prepare to short next week