WEDNESDAY - Half way through the week!
GBPUSD - I like the long side for GBPUSD for months. It's a great trade that has had great momentum, I stuck to my trade plan, being disciplined is key and built long positions along the way - I am now scaling out of my positions!
On my FX weekly I posted out to various groups I am part of - It's FREE to subscribe. It's...
This has been playing out perfectly to my expectation in my previous ideas. Now it has retraced to find support this should rise to break the previous high. May drop a touch more but an entry here will be good. Mood on this is still very bullish as can be seen on MACD across timeframes. Target is 2849, then a retrace should be expected from there.
This has broken resistance and is now pushing higher. I have done very well out of this stock for the past few months and it has enormous potential to grow. If you need an entry to this wait for it to retrace back to the previous resistance level marked with the blue rectangle, this should act as the new support. For a short/medium term trade the target can be...
Right now price is heading to 81 cents as this is a major resistance and is currently a 0.786 fib level and a long term bearish trend like so if price does not break this level we will see a bounce off that trend like and see bearish continuation for another 4 years till it bottoms out at 47 cents. Cant see that the recent bottom being strong enough as there’s not...
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So, here we are again looking to ride another GBP pair.
I had several reasons to go for a SHORT position here.
Try to follow me 👨🏽🏫
Major support area (B);
Resistance level (C);
Double top (D);
Double touch on my trend line...
GBP - What a great currency - I say it's like marmite you either love trading this currency or hate it...It's been a tricky pair due to brexit drama.
I remember trading on demo account when Brexit was announced shorting it with a good well established friend of mine in Africa...It was great fun even on a demo you do learn a lot as yrs go by . Now I do have a...
It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility.
Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out...
a very simple trade to short ftse 100 down on hourly timeframe, overall trend is slightly down on daily. 1h is now facing resistance. so im gunna short it downwards towards target. if ftse continues down expect a stronger GBP.
i hope your enjoying my simple price action analysis, which is different to indicator trading which is seen alot on here. so lloyds has taken a big hit since covid which is to be expected but with price being this low, its both looking good as a long term growth stock, and potentially trading this squeezing wedge to about 0.32, which is almost 50 percent gains we...
UK100 is Bearish - We look to Sell at 5860
▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias.
▪️ Levels close to the 61.8% pullback level of 6000 found sellers.
▪️ Broken out of the channel formation to the downside.
▪️ We look for a re-test of the upward trending resistance.
▪️ Further downside is expected...