Perfect Fib match up along with a beautiful head and shoulders pattern to finish before the inevitable fall.
Who knows, maybe we might get an all time historical high while we are at it at 2135 or beyond.
"who ate all the pies"
I don't have a potato.
There is never just one single price direction for very long in the Capital Markets.
Here we have a perfect example. The SPX500 is due a new historical high, and it will fall in time nicely with the retrace due on GBPUSD.
I am wishing hoping and praying for a price of 2120 or above to get shorts onto, for once we touch heaven it will be back down into the depths...
Quite obvious that the bears are out to try and slaughter what remains of the pound.
Losing politicians, losing football, losing trade....not to mention the shit weather!
Here is a simple retrace action trade. Perhaps 1.33 is a little optimistic but we will see a retrace. Check out my SPX500 trades to work out why ;)
End of hour, end of day calls on GBPUSD - That's my 50p
Gold has a massive surge and uptrend right now, with record high physical gold purchases no wonder every trader wants a piece.
Simple trade from me for any investment vehicle - Bet up
I thought forget dinner, I'll just have a LONG night out with my favourite new bitch GBPUSD ;)
Pushing some simple Long trades until Euro market open.
Also locked into a sick battle with the SPX500 but that's a story for another day ;)
So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe.
With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions.
So...
So taking a look at the USDCAD right now after some banter on the chat :)
My lines represent where I suggest you short or PUT the asset.
For binary its all about 15-60 minute expiration.
For FX its all about adding more points on for each new line crossed.
See the predicted potential drop off zone, potentially a huge amount of unsupported price there. Plus check...
"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib.
Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION.
That...
After the birth into a brand new not so shiny market, I can happily say a vast majority of our active clients listened well and entered into XUAUSD positions with our platform www.STBinary.com
Moving forwards we will see no doubt a large accumalitive growth pattern with GOLD. Uncertainty is king remember. Trade re-negotiation deals are coming. Scottish and Irish...
So it is the day of. The day of no return. The day we find out what we all knew to be true from the start...... The UK is going to STAY.
So, during the build up this morning, DO expect 100-150 PIP swings.
DO expect havoc on open trends. Fake breakouts. Fake reversals.
The moment the word "Remain" is uttered get ready for the largest move up in price for GBPUSD...
We will see a massive spike upwards. Then see a massive fall down. A squeezing of the price. A condense low static run way way down at the bottom of the range (1.40 or below)
From there it's all about Leave or remain. Either way we will see MASSIVE movement.
Lets not try to predict the future. Just try to follow it
www.stbinary.com
There is no chance that we will test the historical lows BEFORE the Brexit arrives.
There will be some huge swings, most of them going negative, however right here and now today at least for the next 2-4 hours we can "bounce" that Cable back up the levels to 1.42800.
Come and check out www.STBinary.com if you would like to take this trade on with some predefined...
Looking at the European markets today it is clear that uncertainty is truly king. These are some of the largest market price swings that we have seen since the last true market collapse.
Truth is, with monetary policy in Europe and in fact Asia as well, the only "cure" so far, has been to print and print and print further currency. To push and spend and get into...
The FED will address the issue of interest rate % very shortly. With such a strong Dollar market the question most of us are asking concerning the S&P500 is whether or not we may finally reach up and break through the all time historical high of around 2130?
Personally we feel that is highly unlikely, and instead we will see our lower level fib lines reached and...
