hello guys,
I see a neutral to long bias on gbp usd. Gbp has been extremely bullish post brexit. This in addition to the fact that we have had strong economic data that has been coming out of the uk support my bias . This trade will only be validated if i get a pull back to that zone then more strong fundamental data from the UK. FOMC is coming up this week...
Hey traders and good people of the internet!
The New York trading session is fast approaching and before we get going to trade it, here's what we believe might be a big mover in the FX markets... thats right we are long on GBPUSD again!
Before we go into the GBPUSD setup... lets talk DXY a little bit.
We have been waiting for a reversal on the USD for a few...
Hi Traders, here is the full Update Analysis / Breakdown for GBPUSD.
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this !
Dont forget to give me a like & Follow
let me know in the comment section below if you have any...
GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low.
This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed.
In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances...
In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors!
Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend!
Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie...
FX:GBPUSD
FOREXCOM:GBPUSD
SAXO:GBPUSD
Trade idea – GBPUSD – Close to resistance. Scope for a correction lower to buy into
Monthy – Bullish wedge formation
Weekly – Possible ‘Outside Week’
Daily – Bullish Morning Star
4H – Close to resistance and DeMark 13. Scope for a correction lower
We look to buy at 1.2580 target 1.2745 stop 1.2580
Caution - UK...
I'm watching a very short term channel and a simple support level, a break out to the upside should be a great opportunity to buy. Lower levels I'm watching are 1.3300 for support, upper targets are 1.3600 and 1.3800.
Good luck and comment below if you have any questions.
