GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND.
'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
Afternoon traders,
I trust you are all enjoying your weekend after an insane Jackson.
Apologies for not getting to post this sooner guys... Ahead of next weeks PMIs and NFP i'm adding looking to add shorts on cable, firstly, congratulations to the beach club who managed to catch the 1.32737 shorts with the spike - sterling bulls are in trouble if economy does...
In last few hours it fell down like a rock, indicators will be oversold soon and price will somehow reach near trendline where on positive price action i will look for long otherwise not interested
I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD.
15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows.
To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's...
I closed 2 short positions and I still have 1 left. When price reaches this area, it's time to make a decision to buy or sell more.
Follow your trading and money management rules please.
Share your thoughts, ideas and feel free to ask questions.
One of two things will happen to GBPUSD:
1. GBPUSD will find resistance at around 1.31030/1.30821(highlighted area) and maintain bullish momentum until it breaks the counter-trendline. Anything after the trendline break is history.
2. GBPUSD will break below 1.31030/1.30821(highlighted area) and maintain bearish momentum until it reaches the 1.28669/1.28491...
Happy weekend traders!
Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire.
Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels
Above 1.3210...
GBPUSD has been in a +80 pips range for the past 4 days or so, and is likely to breakout of this range anytime soon. The MACD and the RSI are favoring a bullish breakout since they are both showing clear signs of positive divergence. On a much bigger scale, GBPUSD formed a falling wedge from the July highs at 1.34768. A bullish breakout of the range will result in...
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 3000 Pips!
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long).
I am in this trade from 1.28000 , Brexit helped me to enter this trade quickly otherwise It...
Overview:
The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It...
