Waiting for a strong bullish close above the weekly level of resistance indicated around the ~1.62 level. Before, I was short on this pair (if you check previous posts). With only a slight percentage of the UK leaving the European Union, I believe the pound is ready to regain strength. Price action formed a reverse head and shoulder pattern(a reversal pattern) and...
In this Chart I want to put to you my views on what I think can be the 3 possible scenarios having in consideration these 3 macro economical actors that can play a decisive role in the direction of this pair. if you are investing, opening positions or you have positions already opened in this pair. You need to consider these actors in order to predict the...
Ridiculous to think about it, given the horrible macroeconomics.... but with the majority of the people being bearish, and expecting a 2008 like collapse, could we get another mega short squeeze? 1. Everyone seeing the exact same 2008 pattern, and shorting. Deja vu or Deja fool??? 2. Brexit hedges. 3. Double bottom made on Feb 2016 and August 2015. 4. Every...
Be careful of anything British these days. The winds of change may rock the GBP at any time. Of course this could play into your hands but you need to be vigilant of the news with your finger on the button. Or you can trade it on the HTF where the impact will be less noticeable. To business this steep impulse up has given us retracements between 35% and 57% We are...
Go long the GBPJPY if it trades at 161.13 or higher. If triggered, place your stop at 157.99 and exit the position for a profit at 164.00 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). In this signal you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains...
Go long the GBPUSD if it trades at 1.4647 or higher. If triggered, place your stop at 1.4438 and exit the position for a profit at 1.4810 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely). In this signal you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains...
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
This pair has been a headache over the past few days. However, I think I have finally figured what this pair has been up to: - The market underestimated the possibility of a rate hike in June until the last FOMC Meeting Minutes on May 18th. This explains the lack of real sustainable rallies since the one that took place on the 3rd of May. - The FED has stated...
Another hidden symmetry triangle in the same TF of Cable, along the whole June before Brexit the price could be keep forming higher low and lower high, 2nd setup for Cable could be more risky, which trade reversals and reversals before June 23, 2016. If price break up, wait pullback in lower time frame, then place Long position, upside target 1.4900 If price...
www.investingcopilot.com www.facebook.com Looking at technical data, GBP JPY is looking at a further fall this week however I am concerned about the unpredictable path that a BREXIT will have on the British Pound. www.investingcopilot.com www.investingcopilot.com
Go short the EURUSD if it trades at 1.1177 or lower. If triggered, place your stop at 1.1354 and exit the position for a profit at 1.0913 or at your own discretion. (Signals are valid until otherwise advised. Always invest wisely). In this signal you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to...
This trade is expecting a vote for British to remain in the European Union. Go short the EURGBP if it trades at 0.7644 or lower. If triggered, place your stop at 0.7748 and exit the position for a profit at 0.7378 or at your own discretion. (Signals are valid until otherwise advised. Always invest wisely). In this signal you don’t get the following: 1. How to...
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...