GB10Y - counter-trend move under wayGB10Y seems to have finished minor wave 1 and should enter in a correction with a potential target at 0.52. If yield crosses down 0.07, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
UK
its time to buy BRN1! Market its getting back his fine, and after breaking the resistance with force, market will try to get back his super high up
EURUSD EVER SO SLOW LIKE A TORTOISE! WHERE TO NEXT?ONE OF THE SLOWEST, LOW MOMENTUM PAIRS FOR THE LAST MONTH
BUT HIGHLY LIQUID WITH LOW SPREADS AND SAFE TO TRADE FOR THE BEGINNER TRADER
WE RARELY TRADE EURUSD IN OUR GROUP AND AS OF NOW HAVE A NEUTRAL YET BEARISH OUTLOOK
JOIN US ON TELEGRAM TO SEE WHERE THIS TRADE GOES!
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GBP/AUD possible movementAfter returning to the strong support at 1.92143, GBP/AUD should start to move in an uptrend. We have to wait for confirmation, but it might reach somewhere near 50% according to the fibonacci retracement.
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UK 100 index technical analysis Hi friends
the graph of this market shows that there is a high probability that it will experience a bearish trend in the coming days
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FTSE - Fading gains, more downside expected. UK100 is Bearish - We look to Sell at 5860
▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias.
▪️ Levels close to the 61.8% pullback level of 6000 found sellers.
▪️ Broken out of the channel formation to the downside.
▪️ We look for a re-test of the upward trending resistance.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5860, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 5890
Target1: 5665
Target2: 5630
IUKP (FTSE100) - dwontrend to levels below 400IUKP is tracing minute wave 3 of minor wave 5 down. Minor 5 should reach levels below 400 in the near term. This analysis should be voided if prices cross up 524. FOLLOW SKYLINEPRO TO GET UPDATES.
Parallel channel on GBPUSD with a potential bullish moveOn GBPUSD there is a clear parallel channel structure. It's now at the bottom, meaning it might move upwards. It can also breakout of the pattern. In this case, confirmation is really necessary. That's when we wait for a retest. Let me know your thoughts!
Pound.. A clear double top?The GBP has formed a double top at the touch with the 200 MA. Price is now wobbling on the Neckline.
If a clear break of the Neckline occur we'll be looking for short positions aiming the yellow zone.
FTSE - Selling a re-test of the channel UK100 is Bearish - We look to Sell at 5965
▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias.
▪️ Levels close to the 61.8% pullback level of 6000 found sellers.
▪️ Broken out of the channel formation to the downside.
▪️ We look for a re-test of the upward trending resistance.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5965, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 6015
Target1: 5665
Target2: 5500
DLN (UK) - new lows aheadDerwent London is tracing minute wave 3 of primary wave 3 down. In this scenario prices will soon reach levels below 2,400. If prices crosses up 3,674 this scenario should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE - Selling a re-test of the broken channel UK100 is Bearish - We look to Sell at 5933
▪️ Broken out of the channel formation to the downside.
▪️ We have a 50% Fibonacci pullback level of 5936 from 6209 to 5665.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5933, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 5983
Target1: 5665
Target2: 5627
FTSE has broken out of a channel - Looking to sell a re-test. UK100 is Bearish - We look to Sell at 5867
▪️ Broken out of the channel formation to the downside.
▪️ We have a 38.2% Fibonacci pullback level of 5872 from 6209 to 5664.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5867, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 5917
Target1: 5637
Target2: 5530
DLN (UK) - corrective pattern down under wayDLN(UK) has finished primary wave A up, as the critical mark in the previous shown analysis was crossed. It is now tracing the first waves of a intermediate wave A down. After it is complete in 5 waves, there should be a small correction up and prices should fall again in order to cojplete primary wave B down. This scenario will be void if prices crosses up 3666. FOLLOW SKYLINEPRO TO GET UPDATES.
GBPAUD Long CHINA DEVALUE CORRELATIONA trade I picked up tonight.
Fundamental:
-AUD to weaken from CNY weakness as they fail to make 880bln in loans
-economic performance expected to decline as outlined by Lowe
Technicals:
-strong rejection off end of daily range
-supports built at swing low, first candle (1st arrow)
Sentiment:
-AUD overextended but GBP also weak
-maybe if gold continues down AUD will follow
Price action:
-buyers from the initial rejection find value in the market and further purchase at support and a liquidity area (2nd arrow)
GBPUSD**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPUSD ANALYSIS**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPUSD - currency should strengthened during years to comeGBP recently finished a supercycle c wave from a contracting triangle of the same degree. The next long term move should be wave D up and should take many years until it reaches the most probable target of 1.80. Short-term opportunities will be published here. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
GBP/AUD possible buyAfter confirming many chart patterns, such as shoulder-head-shoulder and triangles, it is very possible that it enters in an uptrend.
FTSE 100 - Top of the shop?Short sellers squeezed out?
Head and shoulders top forming?
I personally like speculating on what I think could be a right shoulder in a head and shoulders top pattern. Especially when the (potential) right shoulder squeezes into a 78.6% Fibonacci retracement level.
Selling FTSE between 5860-5877 if I can. Stops above the highs.
The measured move target is at 5110.
