Just a quick trade here, looking at the swing high to swing low made after FOMC, using fib retracement I have shorted from the 0.382. The reason why I have taken this trade is the risk/reward is 1:3, it also takes very little amount of pips for me to be wrong.
Best of luck traders
Good morning traders
After smashing short on USDJPY from last weeks Sunday Setups email- if you havent already signed up to our sunday setups mail group head over to our website and sign up for free to our mail group. So after locking in over 120 pips on our short we are now switching our trade and taking a long on US dollar vs Japanese Yen.
After this mornings...
GBPUSD currently trading in an uptrend on the daily timeframe.
Support at the 0.618% weekly fibonacci retracement level.
Support at EMA 200 & 50 on the daily timeframe.
GBP currently showing as weak while USD appearing strong, indicating a possible change in momentum.
Ideal entry would be at 1.30600 technical support.
As brexit discussions are still in play,...
I've been glued to the GBP pairs this week with so much potential in them and catching a crazy amount of pips!
However, my premium group just took a short trade on this pair as a bearish pattern has been formed.
Trade safe and good luck!
Breakout occurred which took the price past the regular resistance, price action slowing down with the slowdown of the trend on lower timeframes with a long wick and shorter body of the most recent bullish candlestick alongside a bearish RSI indicating that it is currently oversold. The trend may continue however I predict the trend to end and return to the...