Not long to go as the UK cruises towards Brexit. Does anyone else think that that we will exit the union? However it turns out I think the UK has bigger problems, inflation and monetary stimulus being two of them. Inflation is less than impressive and the £375 billion easing program seems set to continue. Unless the markets are truly rigged, then we should see the...
For reference only. Time will tell what will happen in the next couple of weeks.
I had entered longs and closed partially with good profits near the lows, where the green arrow is. I tried adding but decided to bail at the last minute today. A shame, since I caught all the other GBP pairs that moved lately. We might get a chance to add to longs or hop onboard here. Buying a small position at market but leaving some ammo left in case price...
GBPUSD... UP Untill Brexit.. img.prntscr.com img.prntscr.com GBPUSD Daily ---- img.prntscr.com GBPUSD 8 hr -- In short 1.4800-1.48XX stiff resis.... holds downside to 1.4200 or around.. before likely up fro a 1.50XX move...
Hello, this is my first I idea here so please tell me if it's any good. I find Gartley patterns extremely accurate in higher time frames. Lets see how things play out.
The recent break to the upside from a wide triangle formation has seen a significant, but common, pushback which seems to be headed back towards the line of breakout. A touch of the 200 day MA seems in order and then a test of the support area around 1.435 The Pound could break through support and head back down into the channel, targeting the 0.618 fibonacci...
Possible trade setups from the ascending triangle. Could wait for a break to the upside or watch to see if the triangle continues to play out and buy at a later stage. Profit target is based on previous structural levels
Awaiting a pull back and an exhausted bull candle to trigger a sell. It isn't clear if price will simply continue down or pull back to allow an ideal entry however keep an eye out as price approaches the 50% fib as it's likely traders will liquidate short positions which will allow for a pull back and re-entry to the downside. Brexit fears and what I expect will...
Applying Elliot wave theory, a possible interpretation of the current price action could see a tactical pushback fullfilling the corrective wave C down up to the 0.618 fibonacci retracement target, which would also be a confluence level of a certain importance. Then, the rally could continue, especially on the wake of the "brexit" hysteria, or some other looming...
Obviously, being smart, sane, savvy and logical traders, we all recognise that there is a monstrous Godzilla formation looming over cable right now. I don't mean some obscure Japanese candlestick formation, but the actual Godzilla, poised to run rampant and squash the UK into smithereens if it votes leave in June. I would contend that the opposite may be the...
There may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But...
Playing the high to low volume here. Inverse head and shoulders plus COT data indicating $ weakness. Brexit is a non issue for me at this stage.
Brexit Vote & Fed's June Meeting. Possible scenario is Fed don't vote to hike rates and are dovish about June's meeting and Brexit Vote is to stay in EU.
GBPUSD has hit the monthly downtrend target, and formed an uptrend setup in the 3 day chart. If not in, there're a variety of ways of joining this trend, via either some kind of options on currency ETFs, or going long GBPUSD with a wide stop loss (ideally on a retracement, but might not happen for a while) or any GBP cross with a suitable setup (I'm in GBPAUD...
Currently watching Bloomberg thinking every big guy & media is covering up the fact that the markets have turned and we are in for a rollercoaster ride. Everyone seems to be just looking for a catalyst, an excuse, in an attempt to protect their own interests, when the charts say it much better. I believe gold and silver is headed much higher in the next 2-3...
Past week EURGBP had a massive drop and is continuing to have a bearish outlook. Especially since the brexit is becoming more and more unlikely. Taking in this information, we can see that there could be a possible H&S pattern completed before another big drop. Stoch RSI currently indicates that EG is oversold at the moment and could see a retracement to ~0.5...
As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June