GBP/USD (1.268 to 1.27 can be a TP for short)
View On GBP/USD (19 May 2019)
Back Ground: I am dead wrong on the GU bullishness in Mar-Apr period. The market can stay irrational longer than you can stay solvent.
We had a strong meltdown for the past 2 weeks and ended with a strong BEAR candle.
At the same time, as the trend persists the potential of the opposite force making a comeback is strong too.
So, it may swing down to the serious support region of 1.268 to 1.27 region first.
Target(s): It will update again
SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Back Ground: I am dead wrong on the GU bullishness in Mar-Apr period. The market can stay irrational longer than you can stay solvent.
We had a strong meltdown for the past 2 weeks and ended with a strong BEAR candle.
At the same time, as the trend persists the potential of the opposite force making a comeback is strong too.
So, it may swing down to the serious support region of 1.268 to 1.27 region first.
Target(s): It will update again
SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Комментарий:
Updated View On GBP/USD (24 May 2019)
Now the Aunt May has resigned. What's next?
From the TA point of view, we are at strong swing support near 1.2655. So, the downside may be limited.
If there is any swing back, it shall be fast and furious as there shall be massive short covering.
Let's see.
Now the Aunt May has resigned. What's next?
From the TA point of view, we are at strong swing support near 1.2655. So, the downside may be limited.
If there is any swing back, it shall be fast and furious as there shall be massive short covering.
Let's see.
Комментарий:
View On GBP/USD (25 May 2019)
Background: We had a strong swing up yesterday. It was at decent support anyway and it is kinda not a suprise to see the swing up.
Now, it is trying to break out of the Sell momentum (red dotted line).
Well. the result of this weekend European election will sure drive the price. So, DYODD big time on it.
Target(s): SLight Bullish. IF 1.261 (only if) holds. we can see the further swing up.
SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.
In sum, it is almost 50%-50%
Background: We had a strong swing up yesterday. It was at decent support anyway and it is kinda not a suprise to see the swing up.
Now, it is trying to break out of the Sell momentum (red dotted line).
Well. the result of this weekend European election will sure drive the price. So, DYODD big time on it.
Target(s): SLight Bullish. IF 1.261 (only if) holds. we can see the further swing up.
SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.
In sum, it is almost 50%-50%
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It has been a strong move down recently and the trend/momentum is pretty strong on the downside. At the same time, we are fast approaching to strong swing support 1.265 regions. Watch out for the election result of 23 May.
It can be considered late to short, kinda early to long at this moment.