GBPUSD is going to have a volatile week. Look alive!
here is an idea that GBPUSD will drop about 300 pips. An amazing opportunity to make money over it
We are longing this pair based on : - Broken trendline. - On major and last support. - Broken minor trendline within our major trendline. - At the bottom of the channel. - Broken trendline in RSI Divergence.
Double whammy! I normally ignore crabs, simply put I don't believe there is much value in the pattern, but I am a biased dollar bull in this moment in time. Hawkish Dove sentiment from the FED will bring the potential butterfly into fruition wwithout a doubt. That being said trade @ your own risk.
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.
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GBPUSD Two short Targets to trade. Sell now at 1.29969 > TP 1.29490 Buy low and TP at 1.31337
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
GBPUSD can trick you to follow downtrend, but i only see here some big spikes to up and nothing more!
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.
This is an update on an idea I published a couple of hours back. I just added an AB=CD pattern.
GBPUSD Long from now! Dont ask me how, just trade it!
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...