Weekly ideas for FX:GBPJPY GB Overall bearish trend so I will be looking for more downside from the pound with the news over the weekend of a national lockdown. Expecting a gap down upon market open. We have US elections on 3rd November which will also play a role in GBP direction (Trump is pro Brexit)... I will be keeping an eye on these levels of interest.
Trade Analysis Based on Fundamentals and Price Action With Risk Management you Will Never Loss. Thank you
Suggestion: BUY GBPUSD 1.299-30 SL BELOW 1.2960 TGT 1.3090/3100 ELSE SELL BELOW 1.2960 FOR 1.2895/2830 SL ABV 1.3030
Okay so higher timeframe breakdown Weekly - We have a rejection, pin bar from the trendline which is ideal for short positions Daily - Reacting from the TL also 4h - Bearish PA starting to come into play. 1h - Target first 139.600 area. 120 pip possibility. Opinions? Important levels marked in beige, from weekly and daily charts.
Hello Traders! Greeting from The Trading Regime! Our view on GBPJPY to close out the month of July, is a continuation move to the 1.82/84 Price zone or even higher ! Feel free to comment or share this post below. We are using .5% risk on this trade with A risk to reward of 1:3 Target 1.84.... ish
After a 500+ pip trade up - the saying goes "what goes up, must come down." Monthly Gann level - Heatmap over cooked. Daily and weekly lining up nice. The UK will be one of the worse Covid hit countries in the world! Let's not even mention Brexit! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...
Short to 1.0400 giving a 1300 pip move .... so you use your own risk management or strategy and keep buying till target has reached scalp swing day trade do what you have to get some of them pips at least
Another short setup potentially - COT & Sentiment data in favour. Waiting on indicator call short. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and...
PRICE HASN'T MOVED MUCH YET THIS WEEK CAN SEE A DOUBLE TOP FORMATION HOWEVER STRONG SUPPORT EXISTS AROUND 1.23 ZONE. WITH USD LOOKING TO REBOUND, BELOW 1.240000 WE COULD SEE GBPUSD COME DOWN FURTHER. FX:GBPUSD
IF news is favourable this Sunday May 10th in Great Britain after talks on new lockdown measures are released (easier). Im expecting a slight jump in GBP/USD and a little squeeze on the downside of USD/CAD. Therefore Tp1 + Tp2 will be hit and possibility of Take profit 3 at end of next week. (all Dependant if market conditions are favourable in respect to...
Short position setup - been watching this pair for the last week, waiting for a close below the daily support level. Our indicator called a Bearish movement two days back, waited for confirmation on a smaller timeframe which we now have. (4hr) This is a longer-term swing trade. 58% of retail sentiment is currently Long. As well as COT data showing the larger...
Expecting this pair to fall bearish overall - with 54% of retail traders long. We have just reached the daily supply zone with some exhaustion and already looking for a slight pullback (Daily) then, whilst looking at the DXY, it is starting to form a nice wedge structure between two Gann levels on higher timeframes. We are expecting a little more downside DXY and...
This pair is moving up slowly and quietly - Yesterday, we published a post on the DXY. If it pulls back a little to retest the daily trend, we can expect a small pullback here. But overall - we could see a push-up to the 1.3000 level. Questions, comments and feedback always welcome. Disclaimer This idea does not constitute as financial advice. It is for...