Looking at a basket of Sterling pairs on a variety of time-frames.
(You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR)
There appears to be some evidence of a bottom shaping on the 4-hour chart.
Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...
This trade is made by using 2 charts 1 H & 5 M its the scalping strategy i have created using 3 ema's 8,13,21 on the 5m chart to create a flag thats fanned out and on the 1 h chart i use the 21 and 8 ema very clean charts once i get my confirmation i jump in like this trade and take my profits out the market its a very effective trading plan that i use daily and...
A look back at the market in the run up to Brexit, With the countdown about to strike exactly 10 days until the deadline what are your thoughts on the market.
This chart is not financial advice and is only a look back at the lead up to Brexit.
Below is some links to large news story's that came out that had effects on the markets.
----- References On Chart To...
Price Action has formed a Descending triangle pattern (yellow dotted line), consolidating against the Support line (green dotted line) which has held for 2018.
Despite Brexit volatility, I suspect the market to make a Bullish rally.
Cup Pattern Formation. A final move forming the handle, pushing to the downside for a short-term Selling opportunity for a Trend reversal to the upside at the 0.382 Fib Level.
Triggering a Long-Term Buying opportunity
- Entry @1.1079,
- Stop-Loss @1.1071
- Take-Profit @1.1139
Giving us a 7:5 risk to reward ratio.
RSI - Price Hovering Just...
Last week price rallied to major resistance and, again, gave a sharp rejection. This week, so far, we have retested support from the supportive price area (green line) and the weekly 55EMA. Price is once again stuck within these ranging levels (between the red and green lines).
I am bullish on this pair BUT I am staying out of this market until a Brexit deal is...