Hello traders,in my opinion GBPCAD has reversed trend from down to up,GBPNZD and GBPJPY are about to confirm trend reversal too to up.I am closing my sell trades in the pair and holding on for clear direction except for GBPCAD that is currently heading toward 1.84745 God-willing.
Good day traders, It appears GBPJPY,GBPNZD,GBPCAD and GBPCHF are done retracing and now ready resume their downtrends,God-willing. with the British referendum this week though and market uncertainties some brokers have reviewed their margin requirement upwards.We may also not open our full lot size at once but watch the situations and do the needful as events unfold and the market clearly shows it direction.
However,in any case I expect that at least GBPJPY should reach TP 142(if not 130.37 in the long run) and GBPNZD 1.9890 (1.9605 in the long run),God-willing.You might want to work ou TPs for GBPCAD and GBPCHF.
Dear traders, I am staying out of the GBP pairs for now.AUDJPY did really fine yesterday and also doing same today.Though I am in the buy trade already,I opine that anyone interested in buying may wait till the current pullback is over at around 77.955-78.06 God-willing.If a good buy signal shows up under low time frame like 15 minutes,one may target 78.728 God-willing i my view.This is my idea not a trading advise,please note.
Once more,hello traders.My suggested SL for the sell XAUUSD sell trade is 1284-God-willing. If you are interested in this trade that will be your decision and not an advice from me.It is simply my idea that I am sharing.Consider your portfolio,risk appetite,money management,risk-reward ration should you be interested.
Note also that USDCHF buy trade is simultaneously setting up,God-willing for those interested. Best wishes.
Good morning traders. For those of us who are still in the NZDUSD long trade,I suggest that my opinion is that we exit some of our position at 0.71726 as it is higher time frame good exit TP objective,God-willing. Moreover with Brexit expected overnight we should be more cautious.We may still get to the final TP 0.73....level but we need to move the rest of our positions to at least break-even(BE) level in my opinion.
Dear traders, The GBP pairs are mostly set for a massive corrective move given the higher time frame technical setup reasons and this week's positive CPI since Brexit;with GBPJPY and GBPCAD already yielding some pips. Watch out for your favorite buy setups for entries.
GBPAUD is setting up too for a long,God-willing. Wait for it to trade to 1.5924 level for a good setup in the 1 ht time frame.For a confirmation,wait for it to form a higher high above 1.6075 and then seek entry on the pullback and keep raking in pips till 1.6660-over 600 pips God-willing.
GBPNZD seems to be at a good support too to go north.
GBPUSD is at a good 1 hr support if 1.22518 is not violated.One should wait till a higher above 1.2325 is formed and then seek an entry at the pullback with take profit at 1.2610 God-willing.
Note that these are just trade ideas and not trading advice.Always remember equity management as crucial.
Here are the things you need to remember when you are trading pound and rupee.
The currency pair pound vs rupee has been intimately tied together for several hundred years. Both of them were associated with gold though at at first rupee was really in a silver coin. While even though pound has been powerful yet India’s national currency has grown against the pound since the 1940s.
GBPUSD hits 4-week high at 1.2600 and EURUSD traded above 4-months high (1.0900) topping so far at 1.0904, levels last seen since US election period (8th November 2016). The strong German Ifo data also helped that rally.
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