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14 AUG 2016

This is something that everyone trading GBP should know and consider. If you load up the chart on any trading platform, you won't get any data before 1986. Pound is freely traded since 1971 when it joined ERM. I have projected price, just as a straight line to see the range. Pound is not making all time lows, it is making 30 year lows.
The lowest price ever recorded is 1.05 in February of 1985.
Could we see the price to go that low? It is possible. But we have to consider few other things.
[list…
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Armands avatar
Armands 14 8月

Also if anyone has a link to all time historic charts of other currencies, please send me a link or post it in the comments, I would be very grateful for that.

belka1969 avatar
belka1969 15 8月

Да.На месте стоять не будет!Это точно!

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EUR/GBP trade setup


Had a short position opened, but exited way to early and not at the best possible point. Still working on improving my new setups.
After huge drop pair recovered more than 50% of that. A new swing low formed, not followed by any sufficient continuation. Quick break above this high and close below it with an outside bar! However there was not enough steam left for this downside momentum to continue. I am still holding onto this position, but SL is ti tight in case the price shoots up in the ea…
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GBP/NZD short opportunity

Recently I made a post predicting for a pair to go higher after bouncing at 2.00 level. however it didn't play out as I thought it would. Price went up and then came back down again. Affected by NZD interest rate decision. This price action over last 2 weeks looks pretty much corrective. Price could still go up, but I am concentrating on a better setup.
We also have an impulsive move, break of a trendline and pullback.
Price bounced back from this new resistance level marked with rectangle how…
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GBP/USD short

Still no major changes with this currency pair. Looking for some short opportunities. All the majors had some correction this week so far, will see if it changes tomorrow or only next week. Outlook on all those pairs is still very bearish.
I have marked recent swing highs as those areas most likely will be the zone of reversal. One could go short at the current price with a tight stop loss above the recent high marked with an ellipse, however I would wait for tomorrow morning to see if the pri…
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GBP/NZD possible trade setup

Although it may look like a correction, I still believe that there is more potential for an upside move than there is for a downside move. Reason being the very bearish outlook of a NZD/USD. USD is currently outperforming all the major currencies including GBP. In times when both GBP and NZD are in a downtrend, GBP/NZD tends to experience an uptrend unless there is a sudden strong depreciation of a GBP or appreciation of a NZD.
I am lookin for 3 possibilities to go long.
1. At 2.00 level
2. Off…
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GBP/USD long term

Notice the ''W'' shaped bottom that reversed the price previously, the striped line is the level from where we could have expected a bounce or liquidation of some shorts. Not much volatility at this level and therefore no support.
If we look at the candlesticks they tell you the same story. The week after reaching this level we see an inside bar - indecision. And last week we get an engulfing candlestick with a new lower low and lower close indicating that most likely the price will continue t…
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GBP/USD short setup

Pair is undoubtedly trading downwards for the last few months, currently stuck in a range between 1.58 and 1.56. It has also formed a symmetric triangle which in these market conditions in my opinion is more likely to be a continuation pattern. We saw a break out of this triangle, however it was insufficient to attract interest of buyers.
We also had an interest rate announcement today which remained flat at 0.50 % respectively not giving any encouragement to go long.
As an entry I chose engul…
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GBP/USD update

Was expecting some more movement today for this pair. Though it was not too volatile. It played out scenario A. Took out the low marked with green ellipse. We are also dealing with a very round number 1.7000. It is acting kind of a support now. It might not be hit anymore. Most likely 1.7050 was the intraday level that got more attention from the traders. I am waiting for a break out tomorrow to the upside. My target is the white line on the chart @ 1.7190. If price action is strong enough, targ…
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VikaChechenkova avatar

Exellent!!!!

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GBP/USD for 22/07

Really quiet day the today. Not much going on. As most of the time on Mondays. I am still long on GBP/USD. I personally think that Asian session will be flat and then in the morning when European session starts or shortly after that we will see a push lower. If I am right soon afterwards the price will reverse and continue to the upside. As on H4 and daily charts we are still pretty bullish. Currently the most important price level to me looks the one that is marked with green horizontal line. I…
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GBP/USD near term outlook

For last two weeks pair has been trading sideways, making new highs and new lows every now and then. Not really an expanding triangle either, more like an ascending triangle. The last push up was caused by news release, but price didn't manage to go higher, instead it dropped taking out stops that were placed by buyers below this huge bullish candle.
The overall trend for GBP/USD is definitely bullish. It also trades above SMA 200 on H4 and daily charts.
I took a long position on Friday, hopef…
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