Since last GBPCHF trade idea this channel is still holding. But the main direction is still downwards. I'd advise only selling this pair. If you do buy this, make sure you have a short stop loss below the channel or last low. Entry 1 @ 1.1888 Entry 2 @ 1.1938 TP @ 1.1800 (bottom of channel) Good luck and let me know if there are any questions. Charles...
Price emerging corrective move that touches the border of the channel. Price doesn't seem to have strong momentum for upside move. AUD is getting stronger across the market. GBP is under pressure due to BREXIT talks and especially deadline of October 15.| Good luck, 9
The strength of the pound was very high on last week . all people like long pounds- dollars because there is last time to deal between UK & EU for Brexit on Thursday . there is very likely that the pound will rise to 50% or 61.8% Fibonacci Good luck,
From a technical point of view You can see a good strong buy trend in GBPUSD 4H Day Chart. Looking at the big picture of Monthly, it's been on a big sell trend since July 2014. But it shows us a good buy trend on the important day and on the 4h chart Fundamental analysis These days, GBP is also moving with some uncertainty due to brexit. The USD has weakened...
Here is an update from my Brexit post on September 27th. If you look at my previous chart I included with this update we see GBP on the rise as Brexit no deal speculations diminished. With talks about post trade deals I believe the negative news is propaganda as a deal would place the pound on a pedestal as the pandemic will continue to force out financial aids....
Over the next while we could see some big expansive moves on the GBP pairs due to upcoming political events, lots of buyside liquidity to be taken and imbalanced price action to be filled. This is an idea for now, not taking any positions as of yet. Lets see how it plays out I dont trade this pair much at all, mark up was just done from study
OANDA:EURUSD is near completion of it's Elliot's Wave pattern following a tough week for the Dollar. Today's action is mostly accredited to strength of AMEX:SLV and TVC:GOLD . I believe there is a correction or some consolidation due early next week with the amount of economic announcements on the US and European sides, and as Brexit new's continues to develop...
When trading pairs it is best to find out where there are most confirmations in whichever direction. If you have more confirmations (not biases) in a direction, trade that way. 1. GBPUSD has hit supply zone 2. Broken Up trend line 3. Retested that backside trend line 4. Strong 4hr engulfing bear candle stick. 5. RSI daily in sell zone. Good luck and let me know...
Summary: It is difficult to craft any cogent narrative for the US dollar at the moment based on near-term and longer-term stimulus prospects and election outcomes, but surely we are set for a directional move in sterling soon of some magnitude as the October 15 Boris Johnson deadline for Brexit negotiations comes into view next week. Trading focus: Something...
DAILY BOS MULTIPLE REJECTIONS FROM 1HR SUPPLY, TARGETING 4HR DEMAND
Bank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside. He also signaled he’s supportive of negative interest rates as a policy tool, noting research that suggests it may have had a positive effect elsewhere. Prime Minister...
We have a right tip confirmation for King's crown bear signal. We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area. Indicators: 1. RSI on daily and 4 hour in strong zell zone. 2. Downtrend line broken and price retesting backside. Entry @...
RSI in sell zone. Supply Zone hit. Resistance Area hit. Enter at current price area. TP @ 1.2700 to 1.2800 Good luck trading! Let me know if you have any questions. Charles V CVFXmanagement.com Trading made Simple
Hey traders, here is the analysis for GBPUSD 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.
GBPCHF has been in a channel for the past 2 weeks. Long term outlook is downwards movement (see past ideas) but this channel has been holding and may be holding for a bit longer. Look to sell at the top channel and take profit at bottom of channel. Until we have a breakout of the bottom channel there is no need to stretch your profit targets. Also note, even...
If this weekly closes in red I will stick to bus of the LSE crashing down to around 2016 levels during the referendum vote. Not financial advice
Hello tradars! Today we will talk about Cable (GBPUSD) and its price action + wave structure from Elliott Wave perspective. Cable is turning south and it's pointing even lower after we noticed a bigger A-B-C corrective rally from March lows. So currently, after recent broken channel support line, we are tracking at least a three-wave A/1-B/2-C/3 decline that can...