Brexit and Covid 2.0. No real need to say much else. However, we are in a Daily wave 4-5 of an Elliott wave. We should see a little pullback and a bigger drop. COT data also major short the GBP and net long JPY. There were key turning points in the Cycle indicator on the 5th, 10th and 15th - next is the 23rd, to the 29th. Let's see where next. Suprised if it...
GBPJPY is currently at the major support level, breaking and closing below the green box would open up to a bearish run on this pair. At this point it poses a great opportunity to long, however, 137.07 is a strong resistance area, I will shift my stop to entry once the market reaches that level.
Engage a long trade on Gold on the instability of the economy. Once market hit $1913.44, I will shift stops to entry.
Price has come up to retest resistance area and right tip of king's crown. RSI is lining up in the sell zone perfectly in this area giving us an indication of downward movement. Current Entry @ 137.35 area TP @ 136.00 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
EURGBP oversold and technicals lining up nicely for a buy. 1. RSI in buy zone 2. Price at support (channel area) 3. Pair swings up and down frequently. Entry 1 @ .9030 area Entry 2 @ .9000 TP 1 @ 0.9108 TP 2 @ 0.9152 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
Looking at the average Elliott wave cycle we are in a downward trend for GU overall. The pullback was a bit extreme but actually only to the 618. GBP strength in this situation makes almost no sense. Brexit & Covid 2.0 with Boris n friends running the show. All that's happening right now is the institutional investors are gathering liquidity. COT Data shows an...
♟ Another clear map for us to play with Brexit and the U.S. elections acting as the main price drivers. A double top is a purely tactical weapon. It is terrible compelling; even for the most unaware retailers who will jump in - so we are tracking for flows driven to the lows after a double top. We shall close this Brexit chapter with some strong short GBP...
Hey traders, here is the analysis for GBPUSD +200 PIPS NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Trade Analysis Based on Fundamentals and Price Action. With Risk Management you Will Never loss. All Comments and Ideas will Appreciated. Thank You
Tarde Analysis Based on Fundamentals and Price Action. With Risk Management you will never Loss. Thank you
Trade analysis on GBP/JPY trade that both I and Wickdontlie took. Here is my version of the analysis.
FX:EURGBP Price is breaking out of this very corrective structure after having that big push up. I will be now playing this up to the highs of 0.9300 Around here I think we could have some big swing sell opportunities!
Sideway consolidation spotted on GBPUSD. One thing for sure, an expansion will follow. What's interesting is that the market pause at the mid-point of the sideway consolidation. Any decision of trade intervention happens when the market touches the bottom trendline. Short Trade already in a Risk-Free Trade
In early September, we saw a boost in EURGBP. Then a long correction began. All the time we see how the correction is exhausted by making the lower bottoms. We have already seen a higher bottom and a break in the resistance. Now the previous peak is about to be break and we are heading to 0.9280 and higher! A critical level for the analysis is that the price...
Having a NO Brexit Deal, a strong bearish movement on EURJPY is expected. I'm waiting for the market open and making sure that there isn't any bullish run or market gap towards the upside, without these I will be looking for a shorting opportunity either on a market retest at 123.62. It helps to see a Bearish Gartley Pattern that is formed within the sell zone,...
A NO Brexit Deal leaves UK Pound movement to be uncertain. It is wise to wait for market confirmation before engaging in the trade on a Mid-Term trade plan. Technical Trader could observe if 1.2862 is broken if the level is not broken, then a potential buying opportunity presents itself as a Type2 Bullish Shark Pattern setup.