BRENT OIL Daily chart
I will be looking for a long position potentially at the 61 fib / key level /right shoulder area also if price comes up to the red zone I will also take a short position
Technical-trader
EUR /USD EUR / USD 1 hour chart
Here I will looking for a short position if we get the Head and shoulders play I will be looking for I will be looking for a bear flag pattern potentially to create the right shoulder then look at taking the trade down to my green box area for a buy also looking for another short position from the purple zone as a break retest
EURGBP Next Possible MovementTechnical Analysis Chart Update
EUR / GBP ( Euro / British Pound )
Time Frame - M30
BULLISH CHANNEL in Long Time Frame #LTF
Break Of Structure #BOS
BEARISH CHANNEL in Short Time Frame #STF and rejection from the Upper Trend Line #UTL and Fibonacci Level - 78.60%
Selling Divergence
The Power of double confirmation Double confirmation can be used on multiple timeframes and is a very powerful rule to add to your trading. instead of buying at an impulse move created by limit orders you are simply going to wait for price to come back and wait for a bullish candlestick formation, that can be a significant pin bar or bullish engulfing candle. this rule requires some patience but is very profitable and you will lose less trades too, i hope this post helps to to becoming more profitable!
GBP/USD Long termDespite neutral fundamentals, the confluence of long term support and Fibo 0.618 retracement from June lows, could be a significant technical turning point in the market. MACD's long term and short term are pointing in the right direction too. I am targeting and entry on the break of the next fractals level at 1.2925. I have set up short stop because of my account size, but LT stops would reasonably be around 1.2800 and 1.2825. LT Target at 1.3600/1.3625.
This is just my opinion, not an advice.
EUR/AUDHave had my eye on this trade during the weekly, long term I have a long bias and usually I would be looking for buying position. But certain moves in the market have suggested to me that the pair are likely to trade bearish for the next 1-3 weeks and so I will be looking for shorts in the short term to enter with and monitor from the daily chart. Will see how price plays out...