This article is a tradable summary of all of the indepth GBP$ analysis i have done recently - I aim to give you a conclusive opinion and trading plan. SEE PART 2 ALSO I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense In a nutshell i am heavily short GU, about 8-9/10 @1.44/5 (@1.41 only 2/10) -...
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense SEE PART 1 ALSO GBPUSD historical Price Action The findings of previous the attached "Price action history posts" led to the conclusion that referendum history clearly wasn't repeating itself however IMO because this is the case it has opened up...
Price is currently testing the multiple tested S/R SD trend line. - Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation. - If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to...
I'm anticipating this move prior any signal of reversal, I might be wrong since last candle have strong downside movement. And there is no sign of reversal yet. Considering Brexit, Head and shoulder pattern can be formed if we can see more strength in GBP or more weakness in INR in coming days. Which will help to complete this pattern and great setup to trade...
BUY USDJPY @106.5 or @107.0 - SL @105 - TP @109-11 based on: $YEN's historical most important support level - The 105.5 Key level will more than likely hold as it has many times before - At 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart...
ANOTHER POST TO SUPPORT MY PREVIOUS BIAS ON GBPUSD AND THIS BREXIT AND HOW ITS PAINTING THE PICTURE BEFOREHAND GBPUSD LOOKING SET TO MAKE LOWER LOWS AND ULTIMATELY SHOOT ENGLAND IN TO A RECESSION A-B-C-D STRUCTURE PRICE HOLDING FIRM BELOW 1.4710 WITH WEAKNESS AND MACD DIVERGENCE 1.35000 WILL BE THE FIRST TARGET
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Price Action and Trends Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - The first 8 of the 10 weeks GU traded extremely bid, ...
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Ranges Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - GU started the period at 1.7000 and closed the period at 1.64000, with...
There is a very low chance of a rate hike for the upcoming meeting and there has been very little chance of a rate hike for like the last 5 upcoming meetings. I am personally not speculating about the outcome of this meeting because 10YT Bond rate is at the brink of breaking its floor at 1.7% and reaching new all time lows. For me if there was a time to hike rates...
The CHF hit a seven-week high against the EUR today, as investors flocked towards safe havens on worries that Britain will vote to leave the European Union at a referendum in two weeks' time. Though odds offered by betting websites and bookmakers point towards a vote for Britain to remain in the EU, polls have not offered a clear picture of what the outcome of the...
$NIFTY sell Brexit fear at 62% fib retrace tgt 8000
This trading style is based on Divirgence. Like any other trading styles it has it's own weaknesses. For Up Trend confirmations watch Stochastic divirgence. (Marked in cyan lines) For Down Trend divirgence watch RSI, but before shorting make sure that Stochastic left overbought level. (RSI divirgence marked in red) Now price struggles to go up and RSI...
On the 1D time frame, a strong positive correlation relationship emerges - where previously on the 4h time-frame the correlation looked relationship-less and "noisy". However, looking back at the Daily correlation over the last 2-3 years for GU and EU one noticeable and significant trend emerges - A steep fall in correlation, either from positive-lower...
An exercise of slope analysis on EUR/CHF, one of the pairs believed to be most suited for range trading (but beware of the Bank of Switzerland interventions!). A year long wide uptrending channel has formed which has certainly given a few entry opportunities. However, what I find interesting is the tendency that price had to form relatively tidy descending...
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article). Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap! IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer. On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
A disappointing open from cable with a bears perspective. Gapping down 100 pips to 1.435 almost immediately puts my sell limit orders (at 146.5) in "unlikely" territory of being hit this week. On friday following the $ EMP report cable managed to rally to 1.458 - i was hopeful it would tick a few more pips upward before the slew of selling started as we move...
The Pound is offering an interesting setup in the daily and weekly charts. We can enter longs at market open with a stop under 1.4421, and aim for 1.52065, which will be fully confirmed if we get a strong weekly advance and don't retest the weekly mode support. I reccomend risking between 0.5 and 1%. Check out my updated track record here: pastebin.com If...