Having a NO Brexit Deal, I do expect Euro to fall than to rise when Monday market opens. A great scenario is to wait for the market retraces back into the sell zone for shorting opportunity or wait for a break and close below the lowest low(1.1688) for a break-out trade.
This pair is looking for a 4th wave Elliott drop and confirmation below it's last swing low. Once confirmed (or the high is taken out, making last swing low a shallower 4) then it will pop up to 5. Short term bias is down - Asset Managers are favouring the long overall with a 68.5% Bullish sentiment. Whilst the Leveraged funds are 58.5% Long overall. Retail...
In H1 timeframe, we hope a short position in the $1.2967 USD In H4 timerame we detect a weakness of the RSI and the trend is put in bearish sentiment pressure. So, we hope with confirmation on H1 or scalping timeframe of 30 minutes to entry in short position with confirmation. Fundamental Keys: 1. The Pound rose agains the dollar as investors continue to bet...
GBPCHF has ben channeling for 3 weeks now and still holding. Long term direction is still down and I am looking to place a sell near the top channel. Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses. Indicators: 1. RSI on daily and 4 hr in sell zone. 2. Channel...
King's Crown formation. This occurs when we have the following: 1. Trend line break. 2. AB boundary broken south with a lower low created. 3. Right tip (shoulder) creation that matches with left tip (shoulder). Entry @ current price of 137.27 TP @ 135.65 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
Summary: There will be no Brexit talk deadline today, a relief for sterling bulls, but a situation that merely extends the uncertainty. Elsewhere, the RBA November 3 meeting is likely shaping up for a new easing push from Lowe and company as their overnight musings on longer term QE took the AUD down a few notches. Elsewhere, we watch the relative strength race...
Suggestion: BUY GBPJPY AT CMP 136.95 SL BELOW 135.90 TGT 137.50/138.20 ELSE SELL BELOW 135.80 TGT 134.95/134.25 SL ABV 136.95
Suggestion: BUY GBPUSD 1.299-30 SL BELOW 1.2960 TGT 1.3090/3100 ELSE SELL BELOW 1.2960 FOR 1.2895/2830 SL ABV 1.3030
The Euro remained under pressure and slipped to a one week low due to risk off trades. Dismal German ZEW economic sentiment data showed that rising Covid cases and no deal Brexit fears were increasing uncertainty in the Eurozone Suggestion: BUY EURUSD AT CMP 1.1755 SL BELOW 1.1720 TGT 1.1790-1800 ELSE SELL BELOW 1.1700 TGT 1.1670 SL ABV 1.1730
GBPUSD has dropped almost 200 pips in the past 3 days. Brexit and Euro Oct 15th deadline date is very crucial as well and it looks like UK will be leaving without a deal (again). Once we have a break below this channel, start selling. Expecting price to go down to 1.2700 levels. RSI in sell zone This pair has now broken the 4hr up trend line. Look to sell at...
GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside. 1. Daily RSI in sell zone 2. Up trend line broken south. 3. Strong bear candle close. 4. Large time frame still bearish. Look to enter near backside of up trend line. (Past support becomes new resistance) Entry 1 @ 136.75 Entry 2 @ 137.20 TP 1 @ 133.60 TP 2 @...
Hi guys! 👋🏻 UK PM Mr. Johson wants to protect the UK fish from the cruel French and Dutch trawlers and EU vessels in general. Trump said that he wants the stimulus bill talks to resume asap, and is now the steroid he is taking "dexamethasone" is questioned in relation to his shifting positions on stimulus bill. EU wants to keep the fishery deal as is, whereas the...
Summary: The US dollar and Japanese yen surged yesterday, on possible sudden safe haven seeking within G10 on the recognition that the short-term two-way risks for sterling are significant ahead of the Brexit negotiation deadline tomorrow. GBPUSD plunged back below 1.3000 but depending on how headlines shape up tomorrow on the status of negotiations could find...
Suggestion: SELL GBPJPY FROM 136.70-80 SL ABV 137.40 TGT 135.90 ELSE BUY GBJPY ABV 137.50 FOR 138.25 SL BELOW 136.60
The Bank of England asked banks on 12th October on how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary. The BOE set a deadline of Nov. 12 a week after its next monetary policy announcement for banks to respond. Money Markets are expecting BOE's next move...
GBPJPY: Rising channel (blue) Uptrend line (red) that has been broken down and price retesting the backside. Look to enter at channel break south or top of channel. I currently am in sells in this price range and will add at backside of the trend line (red). Best of luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
GBPUSD is forming an Expanding Flat pattern after strong bearish impulse. I am anticipating one more leg to drop on this pair. Good luck, 9
Hello, based on weekly / daily perspective, we have reached and are testing a significant supply zone. Intraday possible megaphone ... and swing high... Short 1.3070 Stop above 1.3095 Target 1.2845 / 55 Good luck