Structure was broken and retested. now waiting for the trend line to break to enter for sure. this pair has been very manipulative so be careful trading it and use low risk. the way the price action has been is tricky.
Here is what I am seeing on EURUSD. While price could very well turn around me and reverse past it's short term highs it appears that there is a lot absorption of higher prices (lower lows) during this consolidation period which gives me confidence in my position and allows for a nice risk to reward. Furthermore, the exchange quote for the Euro Dollar has become...
Yes, it seems to me that after Brexit Great Britain is slowly losing economic stability. I think we can get ready for a longer short. Haha, yes I am HnS mental ... We are now on the top of the right arm so this is the best time for entry! Price is creating double top with top from august 2020 . Keep in mind that we are entering the March 2020-covid zone ... a zone...
GBPCAD in a triangle formation with a bias to the south side. Weekly RSI oversold and looking for a correctional move south. Price hitting top of channel and looking to bounce off of it. Sell @ top of channel around 1.7470 TP @ 1.7200 Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
📌 ridethepig | Teeing Off in GBPUSD After an interesting Asian session the unlikely looking manoeuvre is preparing to unfold. Why? Because sharp speculators are already beginning to outguess the dovish BOE and directionally are flooding back to USD. A very similar setup to the one we traded in the middle of December flows: Large macro players have been...
On the Daily Chart, GBPJPY retest on its previous high, and hit a retracement on the 4-hourly chart which currently sit on the buy zone. If you are looking for a buying opportunity like myself, you can wait for the Bullish Bat Pattern setup complete at 140.57. Setting a pending order for this setup isn't wise as Point C touches A, that can often denote a warning...
GBPUSD is currently at a resistance level on a weekly. Last time price hit this area we had a strong reversal south (Sep 2017). Price is overbought with RSI pointing south. Look to sell at top of this channel to the bottom of the channel and sell at a break below this channel. TP @ 1.3430 & 1.2900 areas long term. I'd recommend taking profit areas of 50-75...
I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota. "The agreement between the EU and UK on a new partnership sets out the...
Weakened uptrend, due to lower lows. Double top. Very bearish.
with brexit this feels appropriate. technicals line up with a 4.5:1 rr.
GBPJPY Up trend line has been broken, Look to start selling downwards to TP targets in green. Entry @ back side of trendline or earlier for aggressive entries. TP @ 1.3460 Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
Much like during WWI when Germany was "Shackled to a corpse" in the form of it's alliance with the Hapsburg Empire, so was Britain until recently, through it's union with the EU. Now, although Britain is finally free, chances are that this came a day late and a dollar short. Let's be real! - The European Union is nothing more than a rotting corps, not unlike every...
GBPJPY short Buy trade RSI lining up well on the 4hr time frame for a retrace up before we get a movement down. See entry TP SL on chart. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%