This looks to me like the week is going to start with the bulls in charge...... Maybe up in the area of 2.33. To me, this is a pretty strong 4hr bar close that tells me that at the very least, the next bar is bullish. One bar at time, and get out when the run is over right! Make it a great weekend!
{quote} I have been following this pair for some months, lost quite some money I have to say. Very difficult to trade, but look at the weekly candle, looks bearish. But I think it is close to a turning point, the question is when. I have 2,194 or 2,184 as possible turning points. But like you said once this turns it will be a 1000-pip move easily in my opnion. Commodity prices or down but NZD and AUD are up, something does not add up, it will be a vicious move up when it comes.
. Technically , The moneyflow overall is down, investors money who bet on GBP are leaving the market resulting in a lower depreciation of GBP.
My expectations for BRexit are negative, I mean, I expect a YES for BRexit. I hope it will happen too
{quote} It seem the referendum result will be for YES as expected. That show the tentative of manipulation on TV News before the end of a important event. It was 52% for remain in UE and 48% for leaving. Surprise, Pound suddenly reverse his advance. Trade triggered, cover your position and wait to see if it will drop further before SL adjusting. After covering we should have a 0 risk trade : {image}
Great down move ! New short opportunity : {image}
Short opportunity @ 1.85, potential Head and Shoulders : {image}
Update : price near 1.8350 : {image}
Update : Lock profit by moving SL@ breakeven. {image}
New short opportunity . I am waiting for 1.835 to be hit, this is a confluence with 38% fibo, SMA 100 and psichological level - round number- 1.835 : {image}
throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
