Overview UK and Canadian inflation rates will be released next week. These events could provide insight into whether the Bank of England(BOE) and the Bank of Canada(BOC) decide to raise rates further. The Details As things currently stand, the BOE will likely pause rates, and the BOC will raise rates again. This is in line with the current inflation figures....
It is officially Q4 and I am expecting the next quarterly shift soon. Overall, I am still bearish EUR and GBP on the quarter, but I am open to buying this month given that I am expecting this week to trigger the monthly manipulation and next week to trigger the quarterly manipulation phase. I want to eventually see the BISI(M) below price engaged on both EUR and...
TVC:DXY Dollar bears may come into control swiftly if we break down within this channel, reaching the red support zones. However, while we are still within the amber zone, patience. Whilst analysing the dollar, think of other currency pairs such as £. Ignoring the outside noise and concentrating on price action is key at this moment in time. Trade Journal |...
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.92400 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.92400 support and resistance area. Trade safe, Joe.
just trying to get back on and after a long time im going to share a view .. thats what im waiting for ..
Hey Traders, in today’s trading session we are monitoring GBPUSD for a selling opportunity around 1.22500 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
Looking to probe again, stopped out on initial entry.
In early European trading, the US dollar is holding steady ahead of the release of key inflation data and the Federal Reserve meeting minutes. The Dollar Index is near a two-week low at 105.557, reflecting recent dollar weakness. Dovish comments from Fed officials have contributed to this weakness, suggesting the end of interest rate hikes. Atlanta Fed President...
Throughout the years I have normally traded GBPAUD opposite whatever bias I have for Gold being AUDs dependance on metals. Looking to sell off GBPAUD .
GBPJPY still up 700 PIPS in profit so far from our Wave V POI. Very similar to our USDJPY long term bias; one final leg up before the long term downtrend starts. These sell's will be the start of MULTI-YEAR downtrend. Getting ready to enter sells🌪
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 182.100 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 182.100 support and resistance area. Trade safe, Joe.
Sell GBPAUD Bearish Channel GBP/AUD - M30 Chart - Bearish channel formation its good chance to sell now. thank you. FX:GBPAUD
Hello traders, While we are longing GBP, A shorter term short is available! 1st scenario: Breaking the trend line will provide us a short option! 2nd scenario: breaking over 1.2280 will provide us a long option! Have fun and trade safe.
UK100 is getting ready for agin big bull run just go with proper confirmation . good luck
As the DXY weakens, this has led the GBPUSD to climb steadily to the upside testing the resistance level of 1.2280, which also coincides with the 61.80% Fibonacci retracement level from the longer term. However, the UK FPC is due to release its statement and minutes which could see a sharp reversal if the sentiment is dovish. A break of the resistance level...
GBPJPY H8 Probably the cleanest setup out of it's peers that were analysed on Sunday, GBPJPY resistance/support price of 183 looks very clean. We are coming up for a test of that 183.00 handle, it could certainly be an opportunity to grab shorts. As markets opened on Sunday we saw the bearish gap, I wonder if this is something that will pin and dump towards the...
⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @ 2.1800 🚫 SLO2 @...