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Britishpound

EURAUD, The most possible movement!The price is close to the Support/Resistance Zone. If the daily bar will close above the zone I will look for the Buy entry. The potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. These ideas are not a channel with signals and I do not give recommendations on the entry/exit points. In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements! Write your comments and questions here! Thanks for your support!
Long
by Yuriy_Bishko
9
Fractal failurePrice failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going... We see accumulation above the failed fractal and price is likely to push higher making higher high. THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS. as many cant make sense of whats going on with this messy pair. Top Absolute Correlation 1 WEEK 1 EURGBP - GBPCHF -93.6% 2 EURGBP - EURCAD 90.3% 3 EURGBP - GBPSEK -88.5% 4 EURGBP - EURSGD 86.0% 5 EURGBP - XAUGBP 84.9% 6 EURGBP - CADCHF -83.9% 7 EURGBP - EURMXN 83.8% 8 EURGBP - CHFSGD 83.6% 9 EURGBP - NOKSEK -83.5% 10 EURGBP - USDRUB 82.4%
Long
by ICFX
First Forex Idea: Flag (continuation pattern) in bullish trendThis action could determine if EURGPB stays bullish on the higher timeframe. The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move. Daily there's a triangle being formed. The blue line is the upper side of the triangle. The green lines are my long entries and the red ones are my possible short entries that I will not take. Flag pattern in a bullish uptrend has a higher probability to continue its trend than to reverse. If you have any thoughts on this, let me know!
Long
by jonathanvn
2
GBPAUD, Possible next entry!Today there is possible increase volatility in the pair GBP/AUD after the speech of the Head of Bank of England Andrew Bailey. He said that negative rates are an important tool in the arsenal of the regulator. Investors drew attention to the report that it will take time to conduct technical preparations for the introduction of negative rates. Thus, the head of the Bank of England signaled a possible transition of monetary policy from zero to negative rates. In addition, Andrew Bailey directly pointed to a change in strategy of the Bank of England on inflation, following the example of the Federal Reserve. Technically it's upward accumulated and can continue its rising. It will be good for buyers if the daily candle will close above! Push like and write your comments. We will catch the best trades together! Thanks for your support!
Long
by Yuriy_Bishko
13