Let's see if GBPAUD has what it takes to fight all the bearish signals on chart, and break above the previous downtrend mode resistance. The weekly chart offers a time at mode uptrend expiration signal, which suggests price can retest the mode at 1.94578 in 14 weeks or less. In the daily, off the recent swing low, an uptrend signal formed, but it has already...
I have gone long the EUR/GBP due to confluence with fundamental central bank policy from the Bank of England and bouncing from a decent level of prior resistance turned support. This trade offers a good risk reward scenario also.
EURGBP is tracing a nice uptrend in the daily. We have opportunity to join it at this juncture. If the trades on chart aren't filled, we will have to enter using either a lower timeframe or a new high, (I'd rather take lower timeframe entries honestly). This is a good hedge against EURUSD short positions. At this point the Euro has minimal upside left, if any, vs...
This is a chart mostly meant for analysis and forecasting, but you could also look to trade it using ETF options, for example selling calls/puts, or if trading the monthly, you could go with a 374 or 400 pip stop. The risk vs reward is really high, even if you do use this stop loss size. It's not meant for anyone, mostly an investor or longer term trader would...
The Cable was killed last week as markets rattled on China fears and US Non Farm Payrolls trumped expectations. Pair finished the week below a descending triangle bottom marked by the 2015 lows and looks set to continue lower over the coming weeks. Initial target is the 1.236 extension of April - June 2015 around 1.4240, this extension coincides with the 2011 lows...
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long...
GBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so...
See the related ideas for my analysis of this pair, which demonstrate the power and surgical precision of the Time at Mode methodology I learned from Tim West here. In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op. In case price were to continue straight...
Technical Analysis: Technicals are on the chart, the Fibonacci Retracement, S/R Levels and Measures of Trend. The pair is trading below the 200 Day MA and the Long Term Pivot at 1.56600. Typically, short positions are sought with this in mind. If today's daily candle close is bearish, then the candlestick formation becomes an Evening Star at 52400...
waiting for BOE's Governor Carney speech. I have bullish bias for EURO till next week Fed Interest Rate Decision Happy Trading; Rina
Pair was giving a trouble lot, we expected down trend after had channel breakout. But we were wrong and that breakout was just shallow wave B. However, same time this mess is clear now and we have more visibility of this pair move. We are expecting price to test 200 SMA on 240min chart and same time possibly we will re-test the bearish trend line.
We have a rounded bottom on chart, visible in the 5 day chart, where we can also appreciate that RgMov is in an uptrend and CCI has given us a hidden bullish divergence signal. This, paired with the quarterly and weekly downtrend in the gbpusd pair, and the fact that the eurusd is completely overextended, and has almost hit my weekly downtrend target, I expect...
GBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots...
The Pound is at a make or break level. It's possible that Rgmov plots new 44 bar highs this week after the close. The advance after price tested low volume support below has been fierce but the lower timeframe uptrend signals have reached targets already. The level above price right now is a make or break one, where a confluence of technicals reside: Fibonacci...
The analysis of multiple timeframes in GBPJPY leads me to believe that we might see a bullish breakout emerge from this juncture. If we base on the relative strength readings, obtained from my ratio analysis, pairing gold vs each currency, we'd be biased towards a bullish trade setup here. Although rgmov doesn't signal a new 44 bar high in any timeframe, the...
EURGBP has a strong uptrend, a weekly time at mode signal about to confirm and interesting potential. I'll be placing tactical long trades, with partial tp, in case the trend continues higher. Remember that to get live uptrades and follow up trade reccomendations, you need to subscribe to my collective2.com signals page. The details are in my profile. Good...
GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there. If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it. In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This...
Thanks to The Working Trader for bringing this to my attention. We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others... The technical setup in both daily and weekly charts is clear, downtrend continuation. My time and price target is ultimately 1.41021, to be reached at or before June 1st. The entry hasn't been confirmed on the...