Tough market conditions at the moment. USD still very bullish. This week's video is out now on my YT channel. Head over like and subscribe it would be appreciated
Good morning all. Following on from Monday's video. GBPUSD has risen up in price and visited the supply zone . Yesterdays' candle rejected from it, and we are about to visit there again now. Will the trend continue? The only way to find out is to stick a sell on here. Very easy setup, will it come to fruition. Time will tell, so if you fancy a little intraday trade here on GU the setup has formed. Maybe drop down to 1H/4H to find a nice little entry. Will update again in a few days GLIYF
Good afternoon all, today's setup is a big swing trade! Been waiting for a possible decent trade setup on GU for a while now. Well it look's like we may finally get one soon. Price has continued to drop further and soon enough we may look to visit the demand zone created from back in March 2020. Since we last visited this price we had a reversal and as you can see we visited the supply zone up top, before dropping gradually back down again. so we have a nice long term target aim for. Depending on entry we could see over 17+ R:R, but it would take a long time for the outcome. If this demand zone breaks then as you can see we have a zone below that hasn't been visited since the 80's. Definitely one to watch over the next few days. Wait for support to form in the demand zone and then get a small buy position on. I will update again when I enter the position. GLIYF
Good morning all, there hasn't been ,many great opportunities of late due to the crazy market conditions. But if you watched my last weekly video we got into a buy swing trade on GBPUSD . We got a drop back in price from the Dollar, also the GBP got bought by the central banks with the government bonds, I don't think they liked going close to parity. BUT will it all be short lived, quite possibly. So we need to secure some profits, as most likely DXY will come back into trend next week and continue its strength over all others. Currently we are 390 pips in profit, so if you followed along then make sure you make the trade risk free with your stop loss at entry OR move your stop loss into some profits to secure the bag. Will update again next week, enjoy your weekend. GLIYF
Is the $$ turning back bullish? Or will we see a drop off in strength. This week’s video is out now, looking at a few setups forming. Head over and give us a like and follow, Hope you all have a good trading week
Good morning all, today is a little update on the GBPUSD buy trade taken a couple of weeks back. If you follow my YT channel you will be aware of most updates. But with DXY dropping back recently we have seen some movement on our positions. As we can see we have broken out of the downtrend, BUT, the next few days will be vital to the further success of the trade. As we can see above we got a fake breakout and continued down on the bearish trend . So keeping watch over the next few days should tell us more. Ideally we would like to break above the resistance zone and create a new high, thus creating a short/medium term bullish trend . Currently 675 pips in profit, keep holding and secure some profits to be safe. Will update again with more movement GLIYF
Good morning all, hope everyone is having a good weekend. Was just looking over the charts so thought I would update on the GU buy position we took. If you follow my YT channel you will of been updated earlier in the week. But we have since had some nice movement in our favor. AS you can see we are deep into profits on this trade. Currently sitting at 1067 pips in profit for over 1:3 R:R. We have broken above trends and trading above the moving average now which spells good things to come hopefully. I have included the DXY chart to show the dollar's bearish trend now. Looks like it may continue into the near future. Lock in profits and make the trade secure and enjoy the ride to come. GLIYF
Good morning all, just going over the charts at the weekend checking up on our trades. Today's update is GBPUSD , price is moving in our desired direction in a nice uniformed manor. Textbook trend formation continuing. Higher high's and higher low's has give us a current profit of 1321 pips for a R:R of over 1:4. By now you must of secured profits either closed some of your position or moved your stop loss up into profits. We are coming up to a little supply zone soon so we may get a drop back in price from there. I will update again next week or so when we have had some more price action. For now enjoy watching price risk and stress free, enjoy the rest of your weekend. GLIYF