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Brexitargets

POTENTIAL SHORT TRADE SETUP ON EURGBPHi Traders, The 1-hour chart of EURGBP shows a broke out of a support level with a textbook five-wave impulse. . Currently, the price seems to be making a three-wave zigzag corrective pattern which is most likely to terminate around 38.2 and 50.0 Fib ratio that lined up with the broken support turn resistance and moving averages. . Given that the correction is almost complete at the confluence zone, we will wait for the break out of the CTL to confirm the sell setup and break of the red horizontal line for a more conservative entry. . Best of luck on the chart! Veejahbee.
Short
by Veejahbee
LONG Live The Queen As discussed previously, the value of the American Dollar is expected to fall in the coming weeks and months. On the other hand, the notion of a "No Deal Brexit" supports the belief that the British Pound may be getting weaker. However, despite the political and economic turbulence that Great Britain may be facing due to the idea of a "No Deal Brexit," the pound may actually be getting stronger. There is a weekly head and shoulders that should be completed by the end of the week. With a confirmed break above the neckline at the 0.382 fib level, look for a move up to 1.36000 which falls on the 0.618 fib level. Ultimately, we should look for the upward movement to test a strong monthly resistance at 1.37000 (possibly during the week of the Brexit vote) and a potential break above the resistance that would result in a strong and long-term upward momentum.
Long
by Ash_C
GBP SHORT to 1.2484 | BREXIT Uncertainty GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state, what do you think? If you get a chance to short the GBP against safer or even major currencies then this may be the time before brexit.
BShort
by Eren_Jaeger_Trader
Red bull gives you wiiings.... GJ is about to drink someWe could see price test 142.733 area, if price tests and the bounces we can see a lovely little run upto 148.000 area, if price breaks our 142.733 support then the next area of interest is the 141.428 zone which could be used as a turning point for a bullish run. Our view is price will bounce off our 142.733 support area and make a good run to the upside and reach our zone, but we have to keep an open mind and prepare for every outcome as GBP is very volatile at the minute around Brexit talks and news.
Long
by Apex_Gregg
BREXIT ALERT: POSSIBLE BREAKOUT IN XAUGBPGold priced in British Pounds has made a tentative break today. This is not necessarily a Gold trade, but a warning that the British Pound is weak, and a further breakdown is imminent. Gold is caught in a bullish Dollar's crossfire, but Gold relative to GBP is telling is that a substantial currency move may be coming. The GBPUSD has been grinding support for weeks. Retail investors are bullish. Today, there is evidence that the British PM has lied. She has refused to publish the full legal advice she received from the deal she signed. We await the Bank of England's commentary tomorrow (Tuesday), but the picture does not look good for the GBP. If support breaks imminently, I expect a 1-2 month downturn in GBPUSD, after which the market may find its footing, in anticipation of a clear Brexit outcome next March.
FOREXCOM:XAUGBPShort
by TheRealPeaches
GBPUSD broker brexit low. can Fibonacci tell us a new story?Since GBPUSD has broken Brexit Low i am looking for extensions to tell us where GBPUSD may head next. I'm looking for it to reject in the 1.26500, also in confluence with the half quarter, if it breaks that I'm looking for it to continue to 1.21 check screen shot below. please also be aware that price is currently at the 2.24 extension which is a minor extension of 38.2 so we may see a correction or reversal here.
Long
by UnknownUnicorn385367
GBPUSD: new Try Brexit retest!The previous trade didn't go as planned, so why not another try! With higher lows and generally good Candlestructure the trade looks very promising, Ideal entry would have been 1.29 (still open bids). The Entry should be around the Blue Candle ( H: 1.30512, L: 1.28737) where it shows strong buy support The Final TP area is around 1,47499, but taking off up to 50% till then, generally these TP1-TP4 If there is really nice bull momentum behind it add-on on dips will update the idea with intraday updates.
Long
by Mayvune
AUDUSD LONG TRADE1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it confirms the demand. 2. Possible buying climax: Look at that volume, is incredible, in a up bar with wide spread closing at the middle of the bar, this is weakness, and need to be confirmed in the next bar, but evene if this not happend, you know that there is some selling that needs to be tested. 3. No demand: This bar do a incredible job, because is the first bar after the real weakness hit the market (the buying climax) in close above the close of that bar, and it did with literaly no volume, so, this is a confirmation of a weak market, why if you have demand in the market, the volume is not high or at least average? 4. Trap up move: This bar is seen after a no demand and a possible buying climax, this bar is the final confirmation of the weakness, you can say that this bar is caused by the brexit effect, but, if you read the chart 4 hours before you had a clear zone of distribution. This bar closes lower that the lows of the buying climax. This bar also contains high volume, so, be aware if there is some strenght you need a test or a no supply bar. 5. Gotcha bar: This bar is a down bar with a ultra wide spread, closing at or near the lows of the bar with the higher volume seen in the chart, so, be aware because this bar also contains a lot of demand, and that demand need to be tested to raise a market. 6-7. Supply coming in: Three up bars with wide spread closing off the highs or at the middle with high volume only indicates one thing; supply still in the market. But you are now in a zone that also contains demand by the gotcha bar, so, you need a clear breakout of the low of the bar 5 and bar 1 (where the demand hit the market). 8. Up-thrust: Up bar with wide spread closing almost where it opens with high volume, a clear bar that was absorbed by the supply. This bar will be our trigger to open a long position. 9. Test: This bar is a average-wide spread down bar closing almost at the highs, testing if there is some supply in the market at that zone, because the smart money sell in this bar, and if the volume is average-high, they know that other players are selling too, but, in this case, nobody (at least nobody in the smart money) wants to sell, you can see it in the low volume. The next bar confirms this signal. 10. Strenght coming in: Down bar wide spread with high volume closing in the middle of the bar, this bar says that the demand in that zone is absorbing the supply. This bar is seen in the same zone of previous strenght (the test) and in the same song as the signals 5-6-7, so, if there are no supply in this area, you now know that you got strenght. Wait for a confirmation and new signs of strenght in the future. Well, im waiting in the 5M-15M timeframe to a SOS (sign of strenght) above the pink line (the last sign of weakness seen in this chart) to open a long position and my take profit will be the next pink bar. In this timeframe i cannot see a clear sign to open a position now.
Long
by DylanMartinez
GBPUSD Weak as my grandmother. 1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2). 3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar. 4. Trap up move: down bar with super wide spread, clossing off the lows with high volume, may some demand enter in this bar, but you will know it if the next bar closes high. 5. Gotcha bar: down bar with ultra wide spread, closing at the lows or near the lows of the bar with ultra high volume, this bar confirms the weakness of the previous bar, and, confirm the weakness of the sequencial of 1 and 3 signals. 6. Stopping volume: up bar closin at the highs or near the highs with high-ultra high volume, this bar confirms that may there is some demand in the previous bar, but you need confirmation. 7. Supply coming in: down bar closing on the lows of the bar, with high volume. This bar says: if there is some demand in the previous bar, why i close at the lows? because the market is weak. 8-9. Test's: down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 5 bars. The second test is seeing after a gap so if it confirms, may we have some demand in the market. (The next bar is up but with low volume, so, the tests doesnt confirm). 10. Up-thrust. Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this confirms the weakness of the failed test (9). 11. Up-thrust (my favorite in this chart). Down bar that is marked up at the beginning of the bar to close down, average-wide spread with average volume, this bar confirms that the market even in over-sold state, will not go up because there is weakness. This signal is seen in a zone of previous weakness (signals 5, 8-9, 10) so you can assume that the market will not go up until demand in form of test's or no supply-shake out take place. 12. Bottoms reversal. Down bar, ultra high-volume, wide spread closing at or near the lows followed by a up bar wide spread closing at or near the highs confirms demand in the previous bar (the down bar). This signal need confirmation (up bar with average-high volume) but how can see, the next bar is a narrow spread bar with volume less than the previous 5-6 bars. 13. Test. down bars with average-narrow spread closing at the lows-near the lows with volume less than the previous 2 bars. 14. Potentional climatic action or gotcha bar. Down bar with wide spread closing at the lows with ultra high volume. This bar take place and closes lower than all of the bar seen before it. So you can assume that if the next bar is down, this bar shows that smart money is selling. To take a short trade: wait until the next bar closes, if this closes down (for the time of now, the bar looks like a up-thrust, that is a signal to go short) and it breaks the support line of the previous bar, you can scalp or trade in this timeframe to the short side. I prefer to scalp the market when i see a up thrust, no demand, supply coming in after the breakout of the support line. This methodology is purely VSA. Sorry for my bad english, im'not a native speaker.
Short
by DylanMartinez
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