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Gbpshorts

GBPJPY SHORTHello guys, since the GBP is dropping big time since that the interest rates of 1.75% was the only way to save the currency from a giant drop. What does this mean in short term and long term. Short term: We're going to see alot of market manipulation trying to pull the currency upwards. Long term: Interest rates does not work on the long term, at a slow pace we will see that the bullish phase will die out which makes the currency GBP drop. If you have any ideas about this or tips please let me know in the comments.
Short
by RoyalTradingPRO
2
GBPCAD Short trade idea in the making +/- 500pipsOn 31 March 2020 the pair made a high @ 1.77958 The #GBPCAD being a #commodities driven pair reacted accordingly to the current oil crises. As if that is not enough the COVID-19 situation just adds fuel to the fire. All of the aforementioned contributes nicely to the short trade idea on the #GBPCAD. The latest hospitalization of Prime Minister BJ and him being moved into the ICU, give us the final support element to this idea. NOTE: Extra volatility might presents itself due to worse then expected economic data or an improvement or deterioration of Boris Johnson's condition, so, be careful, alert and stay safe. Entry: enter at market during any pullback opportunity during the NY session today (7 April 2020) Stop loss: it is advised to apply a 80-100 pips stop loss (micro lots). This is due to the volatility in the #GBPCAD. Take profit: in the 1.67300 area which will give a good +/- 500 pips RR: between a 4/5:1 Remember, anything can happen and it will happen.
Short
by CM-Analytix
1
(Sell) GBPNZD Technical Analysis for May 3, 2018Hello Traders, It’s no doubt that the GBP has been on the upper edge for the better part of last year. Well, in my view, it might continue with its trajectory especially if there is an interest rate hike in the future. However, when we take a purely technical view, we expect GBP to lose ground and correct in the coming days. A top down approach can provide a proper mirror for my forecast. Note that we already have a stochastic sell signal from the overbought territory complete with bear pin bars following periods of consolidations in the weekly chart. Besides, this week has been purely bearish and we can see that long upper wick showing that indeed sellers are in charge. If it remains this way then we expect sellers to break below that support trend line in the weekly chart as NZD bulls aim to test 2018 lows at around 1.86. In the 4HR chart, sellers are currently testing the main support trend line and after periods of lower lows, the GBP might recover or as well break below that support line. Because the higher time frame takes precedence, it’s likely that sellers might lead the charge and in that case, we shall be waiting for that break below to happen before committing to this trade. As such, my GBPNZD Trade plan will be as follows: Sell Stop: 1.92 Stop Loss: 1.94 Take Profit: 1.86 Let me know what you think. Have a good trading day!!
Short
by Kipyegonn
(Sell) GBPAUD Technical Analysis for April 19, 2018Hello Traders, If anything, I really think it is the best time to buy some AUD, earn some positive swaps and hold this for a long time. Why? Well, we can take a top down approach and consider some technical formation first from the weekly chart. First, notice that since last year GBP has been charting higher and in this pair, it is a 1000 pips away from recovering post Brexit collapse. As you saw in 2016, that GBP depreciation was vicious. At the moment though, basing our decision on technical formation we have a reason to resume selling. To begin with, there is a clear distribution and not only are sellers (AUD buyers) expanding but look at those lower lows and diversion relative to the upper BB. Fact is, GBPAUD has been moving horizontally since following that over-extension by late March 2018. Like the weekly chart, there is a stochastic sell signal turning from deep the overbought territory. That’s not all, yesterday’s bearish engulfing pattern would be a good hint of sell pressure. Indeed, because of that drop we saw prices breaking below a minor support trend line. Because of this, my recommendation is simple, sell GBP and trade GBPAUD as follows: Sell: 1.819 Stop Loss: 1.83 Take Profit: 1.79, 1.758, 1.71 and 1.66 Let me know what you think!! Have a good trading day. This TA was originally published by Dalmas Ngetich at Forex.Today
Short
by Kipyegonn