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Nakedchartanalysis

GBPUSD SWING PLANTariffs and quotas If a deal can’t be agreed with the EU, then the UK will default to WTO terms from 1 January 2021. Every WTO member has a list of tariffs and quotas that they apply to other countries. The UK would have to apply tariffs and quotas to goods coming into the country from the EU, and the EU would apply its “third-country” tariffs and quotas to the UK. That means the UK would be hit by big taxes when it tried to sell products to the EU market. The bloc’s average WTO tariffs are 11.1% for agricultural goods, 15.7% for animal products and 35.4% for dairy. British car makers would be hit with a 10% tariff on exports to the bloc, which could amount to €5.7bn per year. That would increase the average price of a British car sold in the EU by €3,000. Currently, trade between the UK and EU is tariff-free. But the Confederation of British Industry (CBI) predicts that no-deal would mean that 90% of the UK’s goods exports to the EU would be subjected to tariffs. Without a deal, it would have to trade with every WTO member in the world on the best terms it offered any member, including the EU.
Short
by mytw0cents
CONTINUATION PATTERN IN EURCADHere we have an INTRADAY trade with an ABCDE correction pattern for CONTINUATION. ENTRY: (1.5410 - 20 pips) STOP LOSS: (1.5430 - 20 pips) BE: (1.5390 - 20 pips) 1:1 TP1: (1.5370 - 40 pips) 1:2 TP2: (1.5350 - 60 pips) 1:3 CONFIRMATIONS: 1) The market is in general downtrend (trade with the trend ). 2) ABCDE correction pattern for continuation. 3) 1H resistance at the entry point (reversed the previous 2 times at this level). 4) 50% Fibonacci retracement of the drop. 5) 150 EMA works as resistance. *If the market breaks the TP2, you can extend your take profit target. **We don't have a clear price action sign so enter with 1/2 risk and if the market drop aggressive in smaller timeframes add on the other 1/2 risk.
Short
by MONEYMAKER00
SIGN OF CONTINUATION TREND ON USDMYR.My Idea On USDMYR . USDMYR potential continue uptrend since the price has been showing sign of strength/hidden divergence on WK1 TF(SIGN OF CONTINUATION TREND). If Price Break and close ABOVE 4.2100-4.2300 it will likely to go hinger. Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Note:This Is Market Overview Not A Trade-Call Happy Trading Pals.
by Muizzudin
EURUSD POTENTIAL SELLING PRESSURE ZONE!.My Idea On EURUSD . EURUSD potential collapse since the price has been showing sign of weakness/divergence on WK1 TF. If Price fail to close ABOVE 1.21500 it will likely to go lower. Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Note:This Is Market Overview Not A Trade-Call Happy Trading Pals.
by Muizzudin