GBP Pairs GBPUSD - Watch This Space 18th 19th October
Hi All, welcome back to a new week. Just noting a few fundamentals and technicals here for those to see and observe these zones. So we had a shift which was possibly a very important turning point in GBP based on Daily and some other technical and fundamental levels.
Maybe nothing special for those who already know this, but it may provide some insight to new traders if they read this. We all know lately has been FOMC NFP and mostly the fight between EUR GBP regarding BREXIT - this has pushed the GBP all over the place the moment we get the news release. Obviously these catalysts arent associated with the economical calendar and it is important for new traders to understand why some markets get big moves without them knowing.
If you take the time to study your asset class or currency pair, and staying up to date with what is really the main driving force at the current time, can be the difference between better entry and exit points, and also help to provide you with some moves which you may just miss or be on the wrong side of the market.
In saying that there is no issue being on the wrong side if you know how to react in these situations. I believe its not as much about prediction, we can perform our analysis as much as we want and with a lot of technicals adding to our confirmation we still need to react more than predict.
Dont ever feel like you have missed out on the move because it has taken off, assess the information in price action, check risk, and take it. Just cover yourself - remember we never catch 100% of a move
I wanted to share what I am watching on GBPUSD 0.02% and will certainly move all GBP pairs, We should get some movement on the 10th with the GDP for GBP - along with a Brexit news release
18th and 19th is one of the main EU summits held in Austria - I have marked the 18th just to be ready, we could see movement anytime from the 18th to the 19th - there is also a rally on the 20th. if we mark these dates be prepared for some movement - if a deal is not done we will still see significant movement, why? Because either way its good or bad without a deal.
Also I have attached a link below here - if you trade GBP pairs it is highly advisable to mark all brexit summits and event dates on your charts just so you can be prepared when the time comes. Remember if you can protect and gain capital with a simple line marked for a specific date could be a game changer for your trades.
https://www.independent.co.uk/news/uk/politics/brexit-key-dates-when-uk-leave-eu-transition-period-theresa-may-a8501371.html
You can search BREXIT and find more detailed times to add to your calendar for these events - pay very close attention to where we are at on a technical level. Keep a close watch on price.
I cant advise entry exit points because this is a TPVMC Technical based trade - wait observe react
I will still be paying attention to price action between this period and taking advantage on any trades that present themselves - this is more of a 2 week overview plan.
If anything sparks interest during this period I will post it below in comments.
As always enjoy your trading
Maybe nothing special for those who already know this, but it may provide some insight to new traders if they read this. We all know lately has been FOMC NFP and mostly the fight between EUR GBP regarding BREXIT - this has pushed the GBP all over the place the moment we get the news release. Obviously these catalysts arent associated with the economical calendar and it is important for new traders to understand why some markets get big moves without them knowing.
If you take the time to study your asset class or currency pair, and staying up to date with what is really the main driving force at the current time, can be the difference between better entry and exit points, and also help to provide you with some moves which you may just miss or be on the wrong side of the market.
In saying that there is no issue being on the wrong side if you know how to react in these situations. I believe its not as much about prediction, we can perform our analysis as much as we want and with a lot of technicals adding to our confirmation we still need to react more than predict.
Dont ever feel like you have missed out on the move because it has taken off, assess the information in price action, check risk, and take it. Just cover yourself - remember we never catch 100% of a move
I wanted to share what I am watching on GBPUSD 0.02% and will certainly move all GBP pairs, We should get some movement on the 10th with the GDP for GBP - along with a Brexit news release
18th and 19th is one of the main EU summits held in Austria - I have marked the 18th just to be ready, we could see movement anytime from the 18th to the 19th - there is also a rally on the 20th. if we mark these dates be prepared for some movement - if a deal is not done we will still see significant movement, why? Because either way its good or bad without a deal.
Also I have attached a link below here - if you trade GBP pairs it is highly advisable to mark all brexit summits and event dates on your charts just so you can be prepared when the time comes. Remember if you can protect and gain capital with a simple line marked for a specific date could be a game changer for your trades.
https://www.independent.co.uk/news/uk/politics/brexit-key-dates-when-uk-leave-eu-transition-period-theresa-may-a8501371.html
You can search BREXIT and find more detailed times to add to your calendar for these events - pay very close attention to where we are at on a technical level. Keep a close watch on price.
I cant advise entry exit points because this is a TPVMC Technical based trade - wait observe react
I will still be paying attention to price action between this period and taking advantage on any trades that present themselves - this is more of a 2 week overview plan.
If anything sparks interest during this period I will post it below in comments.
As always enjoy your trading