Tucked SL behind 55 MA Three key resistance levels to hunt down GBP buyers coming out in force to push cable higher and above the 4 hr trend Expecting retest before moving higher
Helped by the 25bps increase in IR from BOC Sell Order level was set a trendline
Longer term resistance now turning to support Finding support from the MA too Retest before moving higher Temped to move SL to lower R/S level
4 hr support Looking at the fib levels, we are also finding support at 50% Looking a quick rally higher before the ECB interest rate announcement tomorow
Long term gold targets could be huge with uncertainty from NK / US However, given the huge moves higher and the over commitment from commodity traders, i am playing out a short in Gold.
Buying into a short term rally in GBPAUD Support respected and a break above the 4 hour trend which has been fiercely contested Two take profit levels included
Having another pop at this pair ahead of ECB meeting on Thursday
I have been watching price make higher highs for a decent period of time now. Despite poor UK manufacturing numbers, EURGBP has taken back a decent number of pips to keep within the trends.
Retest of the 4 hour after poor NFP numbers last Friday Over sold, and bullish candles forming on the re-test. Expecting a push higher again.
Exhausted Bulls, running into 200 MA and Daily RES channel which has previously been respected very well. Feels overbought. I want to short back to bottom channel, but prepared to long at fib levels and 4hour support.
GBPJPY 1 Day Short trade - Ascending wedge and over bought