This pair tends to struggle from the level 1.4478 and above as previously seen it tends to either spike down when this level is reached or form a downtrend. Our situation, it seems that a downward channel may be forming hence why I am placing a short. I feel we may fall to 1.13779 and if we get a breakthrough this level we can move SL in profit and ride the trend...
GBPJPY has formed a Bullish Pennant formation. Just waiting for a candle closure above the resistance line to furthermore confirm this as a bullish move! This should be a lovely long term trade with a nice R:R
This stock took a crash earlier this week and has now been following a very strong uptrend over on the smaller time frames, If this continues we can grab a nice and easy profit once the stock market opens.
BCH on the 4-hour chart was looking overbought yesterday, We then consolidated back down and was trading at around 49 on the RSI. Resistance was retested on the uptrend and we can now see that there is a channel we are now trading into and struggling to breach. Not only is the hi-low MA coming over we have been bouncing off the 270 area which is potentially a good...
This pair tends to struggle from the level 1.4478 and above as previously seen it tends to either spike down when this level is reached or form a downtrend. Our situation, it seems that a downward channel may be forming hence why I am placing a short. I feel we may fall to 1.13759 and if we get a breakthrough this level we can move SL in profit and ride the trend...