This is only a trading capability - no recommendation !!!
Next wkk i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Traders!
Just an update on the progress of GBPUSD. We're in a squeeze zone right now. Watch out for the breakout either top or bottom, always confirm with a break and close before placing orders.
Good Luck!
After the last selloff in October`16 we`re in an intact upside trend in GBPUSD right here right now ...
The trendline runs netween 1.2450 & 1.2500 this week (50th week `16). Prices above confirms only the upside trend!
Basic price action should be next 5 days in this trading box !?
1.2674 was monthly high last november`16
1.2505 was this month...
Cable is going to 1.3100 which is 38.2% retracement of (1.5 - 1.19) then it will resume its way down.
we have 2 trades:
Long GBPUSD at 1.2710 Take profit 1.3090 Stop 1.2500
Short GBPUSD at 1.3090 Take Profit 1.2350 Stop 1.3350
good luck
GBPUSD BROKE FIB RESITANCES AND NOW WE WILL SEE IF IT WILL BREAK THE RESISTANCE @1.27500 SO I BUILDED 2 WAYS TO PROFIT !
BUY ORDER @1.27650 AND TP@1.30000
AND SELL ORDER @1.27300 AND TP@1.23500
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.
Based on the news there will be unstable moves on that currency today but its will be after the pullback on that support . support BO + harmonic pattern confirmation = great chances of pull back on the buy zone
I think GBPUSD will range for few more hours before breaking out. I could have done wave counts and predict the direction of trade, but elliot wave counts also fail. So, instead of playing predicting game, we can enter direction of breakout and if that happens to be false one, the other side move will recover the lost pips and give more pips than we lose.
For...
While the U.S. dollar is expected to rally across the board should Hilary Clinton win the election, we are looking for a surprise when it comes to the GBPUSD pair. The British pound has been grossly oversold over the past couple of weeks and we see the rally last week as only the beginning of a broader correction. We would be buying the pair at 1.2355 looking for...
The GBPUSD pair has rallied strongly since yesterday's tight election polls have shown that Donald Trump is rapidly gathering support in the last minute of the US presidential race. The latest hint from the Federal Reserve that they will increase rates in December has been largely priced into the market and the correction in GBPUSD is continuing. We are seeing the...
