$GBPUSD is pulling back to a strong support 1.3200-1.3250 zone where the lotrade opportunity is coming. Look for the long trades not short no matter the Brexit information volatility as the $GBP has reversed the downside
Hello traders, as reports show that a trade deal between the UK and the EU becomes increasingly unlikely, our trade of the day is a short in GBP/JPY. FUNDAMENTALS Trade deal weighs on the British pound and the JPY has been overall a good performer overnight on slight risk-off flows (Nikkei 225 down.) The pound was the worst performer as investors and traders...
Good morning traders! It's December 7th, 2020. Let's prepare for the upcoming trading day with some important market updates. PREVIOUS TRADE OF THE DAY Our previous Trade of Day in EUR/AUD went nicely in our direction but the Buy Limit order never got triggered. The pullback was too shallow (strong EUR here!). MARKETS The week is starting with lower...
Shark Patterns in the Harmonic Pattern setup is the most tricky setup. Last week, you have witnessed 1 of the potential setup of the bearish shark pattern(link at bottom) and we have all seen how the shark pattern was in place and created a strong resistance of the ascending triangle. This week the PRZ zone has moved up to the area and if this level is broken,...
sweet spot for a pending LONG if when a where Brexit does happen , a break of the 50 fib will be the confirmation Great trade idea to place a pending order above if it happens it does GREAT, if does not happenn nothing lost When Brexit does happen it will go off with a BANG
GBPAUD at major Brexit crossroads if we get a Brexit deal the GBP will fly , if we dont it will sink our trendline has been holding solid for now and we are staying long above a close below or a Brexit no deal will change our long stance mid 182 has seen as a cap on this pair a good break above will show higher highs
2 Scenarios possible, looking for a brake out from the consolidation pattern. Brake below support with lower low meaning bearish momentum, brake above the resistance meaning bullish momentum.
Couldn't resist not analyzing this setup! Here it is for educational purposes. Never chase a breakout - Wait for pullbacks to get a more attractive reward-to-risk for your setup. The trade went like this: 1. CAD labor market numbers strong vs USD labor market numbers weak (13:30 London time) 2. Breakdown on strong selling volume 3. Pullback to important...
Happy Friday traders! Time to make an update on GBP/USD. Here is a FIST (Fundamental, Intermarket, Sentiment, Technical) analysis of the pair ahead of the NFP and potential trade deal. FUNDAMENTALS Services and Manufacturing PMIs in the UK came in better than expected, but the main market theme is still whether the UK and the EU will reach a trade deal over...
Hello traders, happy Wednesday! Time to make some money. Today's Trade of the Day is EUR/GBP. With Brexit pessimism rising, I expect further weakness in the pound during the week. Here is the complete analysis. TECHNICALS: The pair broke above a long-term falling channel, but big players will likely drain liquidity to get into the market at more favorable...
Barnier comments on 'no deal is still possible' well illustrating the strategic skill of negotiation. UK has sadly been completely outplayed, not by any fault other than some simple Etonians sticking about fisheries which is 0.02% of GDP...Hard to understand how we ended up here, most £500m private companies would never dream of hiring Johnson as CEO or Sunak as...
📌 ridethepig | Chart of the Week This illustrates the struggle of the retrace. Motto: first map, then position, and finally destroy. Those that remember the infamous chart from Johnson elections will remember we are back to square one, another year has passed with the direction focused on a necessary component of 'how to make the country less worse off'. This...
GBPUSD is in an upwards channel with resistance holding. This area has held and price has been rejected with a strong bear candle. Look to sell downwards to the bottom of the channel. Entry & exits in chart. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple
Hi, no deal Brexit is NOT priced in ( IMHO ) If we want to get it right, I'm not saying that there will be no agreement in the last second ... The point is, if there is NO agreement .... I dont even want to think about all those pound buyers .... Oki, longs in play 0.8990 / 75 and again 0.9045 / 30 Stop below 0.9018 First target 0.9140 Second target 0.9300...
We have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.