On the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016...
Will be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is...
This pair is showing a nice trend - counter trend pattern. We have had the ABCD move down and have completed the countertrend move. Using ichimoku we can pick an entry point, when we get a candle closer with good momentum below the the Tenkan sen, we can short this pair. The last hourly candle is a Bearish engulfing which adds to the trading idea. With the EU...
US banks overpriced in relation to EU and Japan banks Uptrend broken Ribbon pointing down s32.postimg.org
Price is currently sitting at a long term up trend line and is very close to a support. There is a good chance it could reverse here, bare in your mind that next week there is a referendum in UK for Brexit and there will be very high volatility in the market with whipsaws in both directions.
I thought I would share my idea and thoughts on the GBPJPY as we rapidly approach Britain's EU referendum. For two weeks now I have tailed the GBPJPY down to its psychological support levels 150.00 and 149.500. As the 23rd June nears, I can't help but see a great opportunity to short in the GBPJPY, as current sentiment favours the Brexit rather than the...
Wanted to post a quick message telling people to sell the rally for 100-200 pips dependant on how quickly you get on the short.. Volatility is trading lower (as we expect in a rally) however it WILL pick up again/ reverse once it bottoms out - which i think is now! The trend for all GBP pairs is LOWER hence dont fight the trend with longs INSTEAD when you see...
An analysis of which LONG has the best value against the short GBP to play the Brexit. [ - GBPUSD has a target handle of 1.385. - GBPJPY target handle at 1.483. - GBPCHF target handle at 1.335 . - IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
Possible short opportunity coming up, I predict the £ will see more weakness as we run up to the EU referendum. A break of 1.41 will confirm this short position for me. We have already seen a break of the ascending trendline and support break.
EU still going south - Place your SL accordingly - enjoy the ride
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Ranges Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - GU started the period at 1.7000 and closed the period at 1.64000, with...
GBPUSD closes below the 95% reversal SD Channel line, also LSMA gains momentum past price action indicating a pullback is close.. Short term is bullish but no interest in GU topside. INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance...