$GBPUSD - Double Tap Play! Short the retrace into a Long!This pair had quite a bit of momentum, but as long as the US shutdown does in fact come to a temporary end this week, we will get a decent retrace, add a ( nother ) Brexit vote into the mix this week and i doubt this huge move is going to hold up here.
That being said, once retrace is complete i will be looking for longs in the areas noted on the chart, and will likely be holding for a few weeks.
Fxsignals
USDJPY Trade Idea: The Strength of the 15min ReracementThe US Dollar (USD) weakened on Friday on reports a short-term funding bill will re-open the US government for several weeks (at least). Based on the 15min Chart USDJPY may have reached its support (as highlighted on the char), paving the way for corrective gains.
The potential target as well as the possible location of the protective stop are marked on the chart.
Nike Stock Analysis: Bulls Not in the Clear Yet...Conclusion for today’s Analysis: Price closing above the September 21, 2018 high of $85.98 indicates resumption of the bullish trend in Nike.
Over a year and 2 months of price action is covered in today’s Nike stock analysis using a 6 hour timeframe.
The previous bullish price channel lasting over 11 months was broken to the downside, with price retracing to ~$66.45.
Bullish momentum resulting from the above mentioned price level is yet to break above the previous high of $85.98 reached on September 21, 2018, therefore implying patience on entry of any long (buy) position that will be considered very conservative.
$60.55 is used as the lower price level for support indicated on the chart with the upper boundary being $66.45. A break below $60.55 in this case indicates resumption of the sell off from September 21, 2018, with lower prices to be expected.
A bearish channel (tentative) drawn on the chart needs to be monitored if Nike does indeed fail to close above price high of $80.96 established on Friday, the 18th of January, 2019