Looking likely that cable is going to test the 382 levels again. Hopefully today it will bypass them and we can look towards a large bullish move. Nice closing on the candles and is continuing to rise.
I have entered the trade at 1.2549.
SL - 1.2520, tight stop loss I know but bypassing this price I think will mean a continuation to the downside.
No TP set...
For intraday traders.
Crossover of 5&20 Moving averages on 4H chart providing long signal.
4H Fib levels likely to move towards 0.382 retracement and continue trend.
I entered at 1.25410
TP - 1.25760
SL - 1.25200
Price of #GBPUSD is overall bearishh however we have a intraday bearish break to the upside
with minor S&R on the smaller time frame. With a risk to reward of 2:1 and target at 25637
I'm anticipating for price to rally up 29pips.
Hope you all are having a great weekend.
The pound pairs have recently been spiralling down with no stop in sight. However, this pair seems to have finally found a support and come to a halt.
A breakout of the 4 hour trend line has taken place but I would be cautious as it could be a fake out.
Having said this, I will be adding longs if it retests off my trend...
The cable is currently experiencing a huge sell off, i was holding several shorts yesterday and managed to make just short of 1000 pips. however, with that being said i feel that anything that is either vertically up or down creates no stability in the markets, which then leaves huge gaps in large orders. If you on the third of may we had a parabolic move to the...
Ahead of the big date : 29 March 2019, the pair has shown to be increasingly volatile with highs of approx. 1.3350 & lows of 1.2500 due to uncertainty in the market related to a no deal Brexit.
We anticipate that Brexit will be further delayed as Betfair is offering 1.2 for the UK to not leave the EU by the 29/3/19 and 5.7 for otherwise. A delayed Brexit would be...
Here is a fairly high Reward:Risk trade set up for next week.
GBPUSD is approaching the outer bullish trendline for a 3rd touch and this also coincides with the Fibonacci 0.618 retracement zone. This is a very simple trend continuation set up with a target price of 1.35 achieving a high reward ratio.
However! - It takes 3 touches of a trendline to confirm it. So...
Potential for GBPUSD to bounce from the support zone at 1.31. Lots of price reactions at this zone and we also have the daily S2 level here.
Targeting the 15min / 1hr bearish trendline which is a simple and nice 2:1 RR