GBPUSD Determined to Finish 2018 on a Positive Note | Forex Factory

  • GBPUSD Determined to Finish 2018 on a Positive Note

    From dailypriceaction.com

    GBPUSD bulls are finally on the move after weeks of consolidation. Today’s surge isn’t a surprise though. Since December 21st, I’ve been discussing how the market has refused to sell off from 1.2700 resistance. That alone suggested an eventual move higher. Furthermore, Friday’s session ended just below 1.2700 after a bearish rejection candle on the 26th. Another indication that buyers were soaking up all offers below the 1.2700 handle. But today’s session isn’t over. Far from it. If you’ve followed me for a while now, you know that I like to use the daily close at 5 pm EST to confirm breakouts like this ... (full story)

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NotAtrader
Dec 31, 2018 10:36am
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Exactly 1 hour before this article got published on FF, GBPUSD felt down 95 pips.

How lagging is this?! And not only lagging, but it is for sure very confusing for inexperienced traders. Totally unnecessary.

Look at your charts.
Happy New Year
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OnlineAddict
Dec 31, 2018 12:13pm
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Quoting NotAtrader
{quote} I think you missed the whole point mate. Please read the headline again. “Finish 2018 on a positive note” What’s happening is the opposite to what the headline says and that’s what is confusing (maybe not you and me) but many newbies. Anyways Happy New Year and a lot green pips in 2019
Happy New Year to you, too!
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hkg_paul
Dec 31, 2018 12:52pm
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[quote=NotAtrader;11833335]Exactly 1 hour before this article got published on FF, GBPUSD felt down 95 pips. How lagging is this?! And not only lagging, but it is for sure very confusing for inexperienced traders. Totally unnecessary. Look at your charts. Happy New Year[/that was

that was position covering fr the yearend and we will start next year ... and of course lots oealf stop losses executed. specially in EuroGbp . Medien started to propaganda that the GBP is heavily undervalue and by a no deal brexit we will see 10 % off . Just tell me if there is really a preparation about a no deal brexit... companies already starting to move out funds out of U.K.
And also I am wondering that by such uncertainty event, we havent heard from agencies looking for downgrade nor IMF legards. I think it is all a little as a crime.
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OnlineAddict
Dec 31, 2018 11:37am
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Quoting NotAtrader
Exactly 1 hour before this article got published on FF, GBPUSD felt down 95 pips. How lagging is this?! And not only lagging, but it is for sure very confusing for inexperienced traders. Totally unnecessary. Look at your charts. Happy New Year
But first it went up 130+ pips...so the move down was a normal retrace, people taking profits before year end. Chart is pretty straightforward bullish into 1.30 levels.
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NotAtrader
Dec 31, 2018 11:48am
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Quoting OnlineAddict
{quote} But first it went up 130+ pips...so the move down was a normal retrace, people taking profits before year end. Chart is pretty straightforward bullish into 1.30 levels.
I think you missed the whole point mate. Please read the headline again.

Finish 2018 on a positive note
Whats happening is the opposite to what the headline says and thats what is confusing (maybe not you and me) but many newbies.

Anyways Happy New Year and a lot green pips in 2019
Reply
Mtinifx
Dec 31, 2018 1:46pm
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Some people here have got it all wrong IMHO. It think it was simply a liquidity hunt this morning especially on GJ
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NotAtrader
Dec 31, 2018 11:51am
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By the way my charts says- As long as EURUSD is below 1.1450-65 its still bearish. The bulls can take control after sustained break above 1.1465.

Just my view
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priceaction1
Dec 31, 2018 12:58pm
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it will test 1.1515 area and comedown
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hkg_paul
Dec 31, 2018 12:54pm
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And of course happy new year to everybody $$$$$$ stay green and healthy
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Trader#135E
Dec 31, 2018 2:09pm
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Lmao still dreaming for 1.32 long......
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