Break lower for liquidity grab. Order Block Daily close below. Entry Above daily open price.
if 1.77500 box zone i have is supported on the 15m timeframe then im looking for a 100 pip push back up.. if this happens, and if 1.78700 is respected we could be falling back down below 1.775 depending on brexit news.
GBPJPY in a triangle formation on the daily and we are expecting a breakout soon. With Brexit I expect GBP weakness long-term so my bias is on the downside. In addition the trend is still downwards on the larger timeframe (weekly). Look to enter at current price of 139.40 and at the top of the channel. Stop Loss 30 pips above channel. Take Profit at bottom of...
Since my last update, the pair has generally moved in a range. This may imply that the Cable is not strong enough to break above the trend line or the NZD isn't strong following the bullish momentum it has had in the past few weeks. The CFTC COT Weekly reports show that the NZD net long positioning has been steadily rising since October while net short positions...
Summary: Strong risk sentiment continues and a fresh surge in industrial metals has helped AUDUSD to new highs. But our focus should be squarely on sterling today and in coming days as Brexit crunch time has arrived and disaster insurance buying has picked up on the latest uncertainty. Elsewhere, we look at the last remaining hurdles for USD bears heading into...
📌 @ridethepig G10 FX Commentary GBPUSD This linkage between the retracement and the impulsive wave is classical, believed only in absolute directional moves; ....sellers of UK assets are a forced to be reckoned with and such a move in 80 cases out of 100 will be considered worth playing. I am dropping the figure from 1.350x to 1.345x because I expect...
Hello my friends, Another plan for GBP crosses pairs. We got GBPCAD to trade as well for today. But i am still waiting for price to touch around 1.7200 before entering sell. I use a sell limit order for this pair because it might hit my trade when i was not watching it. As you can see this pair is bearish in my opinion. GBP is very fragile right now because...
Good morning traders, Our today's Trade of the Day has already reached on of the profit targets and is currently trading 100 pips in plus. Now, here's a FIST update on EUR/USD. FIST stands for Fundamental, Intermarket, Sentiment, and Technical analysis. Fundamental The weak dollar pushed the EUR/USD pair higher and caused a break below the important 1.20...
Brexit is falling. Negotiations were awful. Leaving fundamentals alone, we're forming LL and LH s. Keep it simple.
This point of view, relying on the soundness of the highs, which has been proved, will be vital to our success, because it is what we are leaning on and it is giving us a chance to pull the trigger in a somewhat cheap area in terms of risk. But the risk is as follows: if the only way to achieve liquidation is a sweep above mentioned highs, the possibility...
Hello traders. What a day for the pound! After a strong sell-off overnight which accelerated in the London session (our Trade of the Day closed with a great profit), the pound has now moved towards its previous value area (Point of Control) where the most trades exchanged hands overnight. Some reports suggest that the call between PM Johnson and Von der Leyen...
This trade I will hold until GBPUSD retests the previous key resistance level of 1.34. I will then short from the resistance level back to retest previous support of 1.33, possibly lower depending on the 4hr. Good luck all.
GBP/USD didn't manage to beat the 1.35 resistance for a third time today, signaling a new downward movement in the coming days. Furthermore, it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly. My...
In my most recent GBP/AUD post I made the prediction that there was a bearish Head and Shoulder pattern forming on the 4H chart. Today, the pattern finalized, signaling a new path downwards for the pair. Also, it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that...
Early December GBP/CHF failed to beat the 1.22 resistance two times, which was already a short signal by itself. Today it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly. My guess will be that the EU...
EUR/CHF failed to pierce through the red area of resistance and is on its way back to earlier support levels. Today it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly. My guess will be that the EU...