True. Also like the movie with the same name.
GBPUSD
As I stated in previous weeks analysis my bias was to the downside despite fundamentals surrounding brexit as they still didn’t provide any encouraging data economy wise.
The key level of 1.29800 was breached and shortly retraced before the continuation.
The next range support level is at 1.27770 where we will likely see a test but however price will meet the daily 200MA on the way to it, if we don’t see positive fundamentals post brexit this currency pair could easily bottom out again but I will be trading the ranges and breakouts as they materialise.
Looking good. Will be interesting to see what occurs over the next few weeks
Cheers bud will continue to follow your analysis. Will also keep an eye on any brexit news to see how it effects this pair.
Will keep an eye on this, gonna start my trading week tomorrow though
good analysis here bro. very detailed!! say, do you use webtrader?
Can see more downside potential for this pair , Brexit certainly leaving its mark !
Does look like its going lower, thanks for the update.
Seems to be slowing up in the current area. getting support from a zone here i think. wait for the break and trade the trend.
Looks nice for the short off the EMA 17 right now
Still not sure which way this one is heading……
It sure looks like it will continue downwards for now to me too
EURCHF
We are almost right at the bottom of the range regarding this pair and it’s massively oversold!
The Swiss Franc is a safe havens currency in times of economic uncertainty so due to the coronavirus and brexit this pair is getting pushed hard.
Right now the price is almost as good as it’s going to get but I can not see a fast resolution to either fundamental factors so the bottom range may trade sideways for som time.
Long term buys guyssssss!
Good buy in coming up
Sell after the retrace
Retrace is happening now watch for candlesticks around the now resistance
For scalping sometimes yes
Great opportunity with gbpusd retracing for a sell
Thanks, been trading a lot on USDCHF, so will look into this too
I can see your reasoning for long term buys , with the Fundamentals and price been at a low great time for long term buys !