I believe the market is in a wave 2 correction following the reversal impulse on the intra day charts from the low made earlier this month from the .6700 level. I'd like to see the running flat complete wave B in the corrective sequence and drive price down to the demand zone one more time to finish wave C at the 88.6 fib. I'm targeting 100 pips Entry at...
If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly...
If it judges that YPP (P) functions as support, it will be long. The first limit is WePP (P) The second limit is near the most high value of 1.09800 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly...
A combination of worse data and underlying negative sentiment regarding Brexit negotiations is keeping the lid on the Pound. We do expect further losses in the coming days.
Hi guys, Sorry for this sudden interruption, I have had some important personal issues which are now solved. I will try to publish as often as previously. I am also launching in a couple of weeks my website, I will keep you posted for those who are interested. In the meantime we have EUR/NZD which broke a major support trend line. It is consolidating and...
Hey guys, New idea! Please check it out and comment/like if you appreciate it. Best, Jesse
Hi guys, It looks like we could have a good candidate for a sell. The idea is to put a sell-stop at 148.100. The target is the previous support at 147.730. We have a trend line which has been broken as well as former low. We could be in a simple pullback before it goes back down again + all EMA have been broken on M15. Trade with care. Like/comment if you...
eurgbp has been keeping a narrow range since May. As you can see, YPP (P) does not work and MPP (P) is functioning. As you can see from Weekly , it is a range quote in the long run. It seems that you can aim for long after confirming support of MPP (P). << tactics >> 1) MPP (P) 0.88187 is functioned as a support line. Long entry. The first limit is under...
eurgbp has been keeping a narrow range since May. As you can see, YPP (P) does not work and MPP (P) is functioning. As you can see from Weekly , it is a range quote in the long run. It seems that you can aim for long after confirming support of MPP (P). << tactics >> 1) MPP (P) 0.88187 is functioned as a support line. Long entry. The first limit is under...
Hey, like all my chart styles? They're pretttyyy :) Perfect dead week ahead, good timing as I did ZERO of the research I wanted to do this week end, I want to peace out for a while. I just set my 25-30 alerts which takes me 1h-1h30 every week (last week i only set less than 10 only wanted to trade clear trends). I watch a little over 20 FX pairs, 4 metals, half...
EURGBP has been in a tight range for some time, with stops growing on both sides of the range. Given today's behaviour thus far, a break lower is possible. Any positive news on the Brexit front could push this through the stops and accelerate towards 8720s.
Despite Brexit talks again today, a positive stance on GBP remains in favour due to positive data expectations this week, as well as sheer outperformance into last week's close. Perhaps modulate position sizes due to the potential whipsaws, but there is no reason to abandon ship yet.
Erdogan is bad news for the TRY. There is a total loss of confidence in government and the spectre of hyperinflation is looming. If you can't stand the volatility of the pair, stand down. There is no real resolution in sight.
Cryptocurrency continues to fall in the majority as most of the leading markets are under the mercy of a technical downtrend which is dragging price down despite numerous attempts to support and break out. Since 11th July price in Ethereum has been attempting to find support at 430 levels, and this has been holding for the past few days but has looked increasingly...
Key Monthly Support area of 1.15500 being respected. Momentum currently heading back up towards Week Resistance level of 1.17150. A wider range of 1.15500 to 1.16300 has also been established. 1.6RR Trade STOP 1.17550 TARGET 1.17675
GBP was hit in early trade on Trump comments: he said Boris Johnson would make a good Prime Minister and that unless the UK executed a 'hard' Brexit the US and UK would not reach a trade agreement. Also, we have pushed below 1.3200 and current week's low print. There may be space for a trip to 1.3100.
no complications on this one, as long as we are long on the dollar, and we get the brexit show! this one will go down. I spect a reaction at 1.30, my target for this short play
Looks like we could be heading back down on GBP/NZD