Break out of wedge with clear retest. MACD is negative and all moving averages are in order with rejection from the 20 sma. Wait for a strong sellers bar for entry.
All moving averages are in the correct order with MACD turning negative. Short positions if level is broekn.
Cable is on its way back to retesting trendline. I will be looking to take a short around 1.298. SL 1.302 TP 1.272 TP 1.25
A few possible set ups on EU for next week. We are currently at the bottom of a bear flag on the 4H and daily. If we see clear rejection aim for longs to 1.146 which could form a potential head and shoulders or the top trendline which we will then look for shorts down to the 1.12 area. However price has broken previous support and while trading under 1.14 is seen...
we saw the £ gain on wednesday due to hopes of a no deal brexit fading. However with brexit still no closer to being resolved the £ gains started to reverse on friday . I like this as a good short set up. Watch out for fundamentals
took a short last week on the break out. Appears to have retested channel. looking to short on market open
USDCAD short lining up. I wouldnt go long in the bear flag id wait for a break to the downside. A break above 1.332 could show the bulls are in control of the market. target 1.28
expanding wedge forming with multiple rejection from this level. Look to short to lower trendline and potential break at the bottom
Price retraced back to trendline and Fib level. Bullish GBP today so wait for clear signs of rejection. I expect price to hover around the trendline till fridays london session SL 1.32 TP 1.27 Tp 1.25