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GBP/JPY Falling: Multi Resistance & BrexitGBP/JPY is following the drawn wedge since the early days of 2020, reversing every time it hit either the upper or the lower trend line. Not only is the wedge holding strong, the 140 area is holding up as well: the price failed to close above 140 for the eighth (!) time now. Combine the above with the failing Brexit talks, and we have a recipe for disaster on our hands. Im considering Support 1 and Support 2 as potential exits, but feel free to do your own DD.
Long
by FieryTrading
3
1008-1012 to watch on GER30/DAX30Hi Traders, As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new high) with a very small risk. So keep watching: 1008 to 1012. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
FX:GER30Short
by dcm2020
1
GER30/DAX30: one more high than crush?Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good position at all, like the rest of Europe) at this market gives me more support to short this market. Longer Term graph will be posted shortly!! Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
FX:GER30Long
by dcm2020