Tag Archives: GBP

GBP: USD – Bollinger Band Setup

Cable has the early look of a possible “W” reversal buy setup after its 3 week decline.

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GBP: USD – Buy Set Up.

The Bollinger Band reversal setup I posted on Wednesday has been triggered. Here are some thoughts on stop loss management and profit objectives for readers interested in following this trade.

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Driving the wedge – GBPAUD set for an hourly breakout

Yesterday it was the triangle and today it’s the wedge setup on the hourly GBPAUD chart. Something that we have discussed repeatedly in the past is the need to look at higher timeframes before making your trading decisions and this … Continue reading

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GBPCHF – a neat descending triangle set for breakout

It feels like forever since I posted about a triangle pattern from the FX space – happily though here is one which I think is pretty neat because it highlights one of the great things about resistance and how it … Continue reading

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GBP:USD – Positioned for a big move

We have seen some very big moves in markets since the GFC. If things continue as they are in Europe, there is every chance we will see more. This situation has created some great opportunities for big picture traders willing … Continue reading

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GBP:AUD – Update on Butterfly Sell Strategy.

The Butterfly reversal set up I posted on 24 May was triggered when price closed below the overlap support. I’ve outlined an approach to stop loss levels and profit objectives on the charts below for readers following this set up

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GBPUSD – Hourly Chart at Key Level

Whilst there has been little in the way of positive to grab hold of in recent sessions it has been quite notable that prices in a number of key indices have been finding a goodly degree of support in recent … Continue reading

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GBP:AUD – Bearish Reversal Set Up

The butterfly formation is favoured by many technical analysts as one of the most effective reversal patterns although it is not one that you see frequently. The hourly GBP: AUD chart maybe in the process of completing one of these … Continue reading

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GBPUSD – Holding within Ascending Triangle

For several days now there has been an exodus of funds from almost all currencies toward the US dollar. Over the course of the Friday session there was some normalisation seen and the selling pressure was reduced seeing a reasonable … Continue reading

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GBP:AUD – Continuation Set Up

The minutes of the last Reserve Bank Meeting will be released at 11.30 this morning. This will be a more than usually interesting set of minutes given the statement that followed the last meeting in which the Board indicated a … Continue reading

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