if it breaks the trend should be a buy as seen from previous trends with this pair, also loads of different single and paid candelsticks which gives more of support. one of this had been pointed out there is also a hammer candle in the downtrend near the end and a spinning top followed by the bullish engulfed pair
"when ever we talk about any pair we only rally on venufx own TRading method"
let us see that if we take buy here over profit ratio or risk to reward ratio is 1.2
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Pound/Sterling may hold some surprises. I have spotted a major curve suggesting probability for the upside. Just don't expect it go go up in a nice smooth way. Brexit is likely to hold some favourable surprises for GBP/ pairs in the longer term. Into April, expect high volatility and trouble.
GBPAUD has rejected the 1.87 key resistance zone multiple times on the 4hr and daily timeframe. I am now looking to enter a simple short entry for a swing trade down to 1.72500.
There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the...
NOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it...
Looking at GBPUSD on the 1H chart, it can be seen that price has currently rebounded from a recent high made on the 1H on Friday 25th January from around 1.32175. From here there has been a bearish candle, showing room for some downside, after the bullish...
I'm doing my home work and sharing. GBPEUR or EURGBP looks good for next week based on 6H time frames.
In fact nearly all Sterling pairs look favourable for trends south. That doesn't mean I'm shorting all next week.
This is not advice or predictions on what will happen.
In the screncast I start off with GBPAUD on a weekly time frame and move on into much lower time frames across other pound-pairs.
The geopolical/macroeconomic picture for the UK with Brexit, creates uncertainty.
There are reliable reports of preparations for pharmaceutical stock piling, big push in logistics sector for storage of tinned food and firelighters...
After being trapped for over a month between 1.8000 and 1.7750 is GBPAUD ready to drop to new lows?
Well last week we witnessed the pound in the spotlight with wage growth slowing, inflation missing expectations and retail sales surprisingly worse than expected.
The week prior to that we had sudden resignations from David Davis and Boris Johnson, some high...
Gbpusd - H4 - Here's an analysis of a trade signal given in my privare group. Over here we a have a Buy signal for gbpusd pair which we entered at 1.4140 with stops at 1.4080 and tp 1.43 - 1.44. Ball out!!!
GJ - H4 time frame. Trend is bullish on weekly time frame so I'm trading a bullish pullback on smaller time frames. Bank of England is also expected to hike rates in November so fundamentally and technically GBP pairs are looking very bullish.
We’ve seen a 100 pip consolidation range for the majority of this week, price broke the bullish trend line mid-august dropping down to 140.00. We’ve seen a retest of the bottom side of that trend line over the course of this week which is the 142.50 mark (its held firm) we are now also seeing the start of a new bearish trend line created from the last 147.50 hit...
Good morning traders,
Here on the GBPUSD, looks like we could see one more drop until a reversal. The drop will only be short term, falling to the 12725.0 level. My stop is placed at 12935.0
Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short.
SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810
Both fundamental and technical analysis.
A bit late with the Post
i believe this is a high probability trade especially with the weak pound being displayed across the board.
All time frames signal further downwards momentum with the weekly and monthly showing bearish sentiment.
Upcoming elections also suggest the weakening of the pound as high levels of uncertainty are being displayed investors May...