Hope all is well. My 22nd published trade on Tradingview.com BEEN A LONG TIME COMING, HOPE I HAVEN'T BEEN MISSED LOL
*Please keep yourself alerted on my trades, I will advise either on my Instagram (@Saifsofficial) or in the comment section in Tradingview.com*
I believe the price has some room to move a little higher, hence I've given the...
Entry criteria: Do not enter if the price breaks the selling area. Wait for a reversal to enter.
Exit criteria: When the price hits target 1 put SL to breakeven. If price breaks target 1 area with momentum then TP at target 2.
Trade at your own risk.
GU here. Potential for a long on this pair, have a ascending trend line, ema plus a fib level which, if respected could be a good entry for a long. Be cautious with this pair as GA and GN look very weak so this may just crumble so don't put a big lot size on maybe 50% of what you would normally do just to be safe.
200 PIP GAIN 5/1 RR
We saw a GBP rally last week on news that Sajid Javid has stepped down as Chancellor of the Exchequer. This is an important post in government because it is responsible for collecting revenue and making payments on behalf of the government. Sajid stepping down leaves the potential for the successor.
130800 is the level we are watching for on the...
Looking at GBPUSD, as you can see from my chart there is a clear channel. I have marked a resistance level in blue where we should see some hesitation in price. We will wait to see what the price does before entering a Short position. Another factor to consider is the Stochastic indicator is showing us that the market has been over bought. Keeping a close eye for...
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As you can see GBP is in a clear bullish structure. Recently price has been consolidating and forming a corrective wave part of a bullish flag as shown above.
- Tested Support Many Times
- At a major Daily and Weekly Trend Line
- Daily Closures not managing to close below...
Pair has respected the bearish Fib levels over the past month. FOMC statement tomorrow could really drive things down with an unsteady pound.
Now waiting confirmation of;
- Bull trendline break and reacting on the flipside
- D1 closing below 50 EMA.
But everyone is short on this right??
The GBPUSD asset was mainly controlled by dollar flows last week. Strong data out of the US economy support dxy shorts and eventually, we found a rally. This week I am using the Tom Demark's pivot indicator to determine a trend. It is showing we are bearish on the break of S1 and the stochastic seems like it is in a continuation to the downside.