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Brexit

Brexit, the [upcoming] Euro crisis and the simple mathMuch like during WWI when Germany was "Shackled to a corpse" in the form of it's alliance with the Hapsburg Empire, so was Britain until recently, through it's union with the EU. Now, although Britain is finally free, chances are that this came a day late and a dollar short. Let's be real! - The European Union is nothing more than a rotting corps, not unlike every single large, closely nit trans-national alliance throughout the entire history of mankind. This is an inescapable fact of History. This is not only a historical fact but just as importantly, there are countless (computer, mathematical, socio-economic) simulations and models which bear this out, to a " T ". - With unanimous, categorical results. Brexit is now concluded and the question remains; "What will that mean for Britain?". - Or rather, what are the prospects of the Pound vs. the Euro. The title chart being the Quarterly EURGBP. Well, as it stands at the moment; 1) Not even a pandemic combined with the "dreadful" Brexit could push the Euro above 0.95 British Pounds; 2) Corollary to the above - and perhaps even more strikingly -, all the while the GBP remains the worst performing G10 currency by a wide margin; 3) While Europe was having it's "Maastricht Moment", the BoE decided to inflate it's own balance sheet to the tune of an eye-popping 120% of GDP. So, if these combined factors still refused to sink the Pound (and Britain with it, into the North-Sea) versus the Euro than what exactly would it take??... E.g.; This is not so because the Pound is so great, stable and a resilient currency despite all those factors but could it be that this is because the European Union is "rotting corps" and as such it is doomed, in the not too distant future. Don't believe it? - No problem. Take a look at the title chart and decide whether to "... believe your lying eyes".
by Nemo_Confidat
4
GBPJPY Sell Swing TradeGBPJPY in a triangle formation with the top channel being tested and rejected. Look to sell at the top of the channel down to the bottom. 1. RSI on large time frame in the sell zone. 2. Top channel tested and rejected, resistance held. 3. We are in a triangle formation with price moving within the two boundaries with the bottom targeted next. Entry @ 142.00 area TP @ 137.00 SL above Triangle Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
Short
by cvfxwealth
GBPCAD Sell Channel - 200+ Pip OpportunityWelcome back friends! 2020 was an unfortunate year but a great year in Forex. No matter the economic issues going on world-wide there are always opportunities in Forex, this is why I love the market. Trade 1 to start off 2020: GBPCAD is in a wedge triangle formation pattern. I am definitely expecting a breakout but time will tell as we have technicals that align. For now everything is pointing south. 1. Price has been in this channel for 6 months with channel areas holding strong. 2. Down trendline (top channel) tested and bounced. 2. Stochastic RSI weekly, daily, 4hr all in sell zone. Entry @ current price area of 1.7400 and pending at top of channel. TP 1 @ 1.7200 TP 2 @ 1.7100 Always remember risk management and controlling your lot sizes. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
Short
by cvfxwealth
GBP JPY - 2021 150+With the Brexit transition starting - let's see what happens. Outcome for a Brexit 'Yes' vote. As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way. We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks. January update: The amount of deals now in place with respective governments and individual deals for exports, flow of people and long term deals with infrastructure projects - we will now see the Yen to weaken. Provided there are now upsets from Internal UK parties to cause a stir nor Brussels or Euronations rejecting. With now the second vaccine beginning to take place on the target of 2million vaccines conducted per week - this will see the nice flows taken from the JPY shorts with institutions moving away to keep the upside moving as the UK races to lower the cases. Provided the probability seeing further buying power. We will see a huge engulfing candle to start the new imbalance. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis. Thanks, Team Lupa
Long
by LupaCapital
BRITISH POUND BREXIT BREAKOUT!! LONG GBPJPY. 8R Trade!British Pound looking stronger on multiple currency pairs. In particular in the last several days with Brexit Deal. I think the GBP:JPY pair looks the best. Possible also SHORT EURGBP as the charts look pretty much INVERSE of this chart. Longterm Downtrend line just broken and retested on the daily TF. Bounce off support is breaking above recent high giving a BUY Signal Confirmation. MACD on Weekly, Daily, and 8 hr all 3 are breaking higher and above ZERO line signifying a new uptrend and Bullish Divergence. Markets closed right now. So, Order for Entry is BUY LIMIT order = $141.002. SL = $139.39. TP = $154.00 This is a longer term swing trade and 8R return. HIgh Reward low risk trade. Will update as I enter trade.
Long
by eganon69
1
GBPAUD Set To Enjoy Massive Bull RunCompliments of the season traders! <3 Here is a long-term GBPAUD chart to start the new trading year. GBPAUD started a corrective phase after a five-wave massive decline. In this analysis, I focus on the corrective pattern that's unfolding from September low. Price seems to be making a possible 3-3-5 flat corrective pattern on the daily chart. If this count is correct, a rally back to at least wave (a) high to complete wave (c) is plausible in the months ahead. Price has made a double failure swing reversal pattern, I love to see it. The breach of the 1.79304 green line will actually confirm the anticipated rally has started. In the short-term, we can use the closer green level (1.77955) for aggressive entry. The breach of red level (1.75931) will invalidate the setup. What's your view on GBPAUD? Let me know in the comment. I wish y'all a favorable and profitable trading year! Best, Veejahbee.
Long
by Veejahbee
3
EURUSD-Weekly Market Analysis-Jan21,Wk1Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded. The entire move to the maximum potential from trade2 gives you 112pips of profit alone, and that's 1,120USD/lot traded. Without trade and sizing management, that would give you a 200pips run in total, which is 2,000USD/lot, that I believe a lot of us would like to have that addition. What had passed has passed, there's no point in looking back, what's important is to leverage on our past experience and lookout for the next potential trade. The consolidation zone(marked black box) is the zone that most traders are looking for a counter-trend trade(buying from a falling situation). However, I'm not that certain it will happen, my personal take is it will break and close below the consolidation zone and have a really strong bullish engulfing candle that closes above the consolidation zone. At this moment, what's more important is to wait for candle confirmation before we can plan for our next move after Brexit.
Long
by RaynLim
GBP/USD - Week 53 - Santa's Brexit DealGBP/USD All I want for Christmas is a Brexit Deal! The price pushed higher after a post-Brexit (trade, fishing and other issues) have been discussed and agreed upon just last week, only seven days before the UK will permanently depart from the European. Our analysis still points for the price to go down in the short-term in order to complete a bigger corrective pattern. We don’t neglect the possibility of breaking the previous top in the parallel channel before starting the down move. Our focus is on the sells and not the buys. Trade Safe & a Happy New Year! Best regards, Financial Flagship Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
GBP AUD - inefficiencies 1,2The Aussie is gaining further traction - GBP has further downside positional power looking down to the below zones; 1. Zone 1: - we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we will expect a spring and a test of said springs. A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie. 2. Exactly the same but making further gains moving down to 1.67-1.60 which will be the development. We volume will be a key indicator here to see the set up of the buy/sell swaps. A large break of structure will occur - taking out the equal highs. These are our Points of interests. Now the trend is moving, looking to see a weak dollar maintained in 2021 so this will be great for the Aussie, affecting the GBP also which has also been seeing a volatile state - however Growing against JPY, USD, but against the CAD, AUD, NZD is now seeing large flows creating ranges to accumulate account growth depending on signs of movement. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis. Thanks, Team Lupa
Long
by LupaCapital