This is an update about my trading analysis linked below at the "Link to Related Ideas." This is just a friendly reminder why no one should manually close trades! If I had my emotion taken the best out of me, I would have had closed the trades when I saw it an inch close to my Stop Loss. If I had, I would have had a loss now. Since I did not, I have still both...
For several days, this EURUSD Forex pair has been trading in these levels. However, following the increase of rate despite the bad US economical data, the US Dollar has been given a boost to the upside. If you look at the 4-hour bars, it is clear that the bears are now in control... after some retracements, of course. In addition to this, the daily timeframe...
Great Britain Pound vs United States Dollar? More likely Theresa May vs Janet Yellen! From yesterday's session, we've seen the United States Dollar decline due to the huge extensive disappointment with the USD's economical data. However, following Yellen's Hawkish stance, the Dollar was yet again saved by Yellen forming several pin bar and clouds both on daily...
Area of interest at 50% Fib 1.27924 to short: - Daily time frame EMA acting as resistance - RSI Divergence low, Day time frame - Down trend - Respected structural support to the left late April and late May
shorting GBPUSD Based on : Indicator signal + Technical analysis
Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886...
GBP/USD Has broken it's bullish trend. It is now deciding whether it can breakout further down. Invest with your own analysis and as always risk manage properly. This is only an idea. Happy Trading!
After the broad drop of the Great Britain Pound-US Dollar Forex pair, it made a notable recovery with the help of the incoming Britain election and Dollar's decline from the NFP disappointing numbers. Through the following days, the GBPUSD pair formed several 'bullish' inside bars at a notable support suggesting further push upwards.
For the first time knocked out the stop loss. I restarted again. My strategy is based on work against classical technical analysis Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
The went lower last week, formed just above near-term support at 1.2828. As we have discussed recently,Bulls still taking in control. traders can still watch for pull backs ideally followed by a price action buy signal on the 1 hr, 4 hr or daily charts to get long.
Volatility spike from the abyss. Buy the rumor Sell the news. Cypher pattern completion. Upside bias still in play.
In April 4, 2017,we found a "Crab" bearish pattern on the four hour chart to determine the downward trend signal. At the same time,the price line is under its moving average(April 3,2017 ), the signal further show that price has formed a new downward trend
The GBPUSD continues to defy the odds. While other currencies such as the Euro and Australian dollar have weakened against the greenback of late, the British pound has remained firm. I reviewed the pair over the weekend and pointed out the March 29th retest of new support at 1.2410. This was the intersection of former channel resistance and a horizontal level...
GBPUSD Looking to long near the support region around 1.2405 (Role Reversal & S&D) with a stop around 1.2310 region and targeting 1.2720 region. However, if the market could go lower than my 1.2300 support region, MT bullish will negated and I will look for ST short instead.
and we will take that guys! Well done to all those holding longs, not been a simple ride given the panic leg we have been experiencing. Risk to my thesis is a very noisy week on the UK front, lets keep the conversation open here for all those trading this pair and discuss the macro side as well as TA.. it's very difficult to have conversations in the chat now...
i think gbpusd is going to reach the weekly resistance (around 1.27000). -breakout from trendline -pullback from the daily support (fib 50%) Thankyou.
The GBPUSD has broken the confluence of resistance at 1.2410/20 on an intraday basis. We discussed this area over the weekend as one that could give way to higher prices if broken. I also mentioned last week’s bullish engulfing candle, which is the reason I ignored yesterday’s bearish rejection from the 1.2410 handle. It’s a good thing I did as the trade would...