Per chart price approaching final auction expecting further sell off. TP1 - 1.3410 TP2 - 1.3250 SL - 1.37. Hidden divergence RSI.
We are looking for additional optimal & affordable sells for the UK100 pair versus the composite man as lower points of supply develop. There appears to be a rising wedge pattern which traditionally alludes to bearish sentiment (within a larger megaphone pattern). TP1 - 7000 TP2 - 6850 Starting SL - 7160. Good loot management in use.
Small Sunday trade to buy EURJPY. A couple of confluence areas. Fair value area to fill for the range. A sensible low risk fibo retrace to the up. Again on the larger time frame. A higher timeframe trend touch is done (despite local down trend). RSI pointing up. Will try grab some at 129.50 target partial then sail over to TP2 (maybe 🏴☠🌊). We will see, good loot...
1. Possible small long before further sell of as price returns to fair value. 2. Or price continues towards 149.50 for next test at support. - Expect to know outcome tomorrow. - Cover current sell positions. 3. Weekly timeframe implies entering a selling phase back to around 139.75 for higher time frame fair value.
Shipmates - Looks like we could be approaching a goodbye kiss of a head shoulders and/or a descending triangle. Will be looking to sell this pair in light of the monthly trendline. Will take some profit at 150.50 and let the rest anchor down toward 150. Potential that it breaks out of this channel and starts gravitating towards the monthly resistance 156, but the...
GBPUSD Week Ahead Bias Short. W/C 13th September 2021. The pair is in a range on larger timeframes. Last week was an interesting week of testing key trendlines on Daily/4hr charts, breaking them, and then falling back in line showing indecision before the next major move. This week, we will be watching if: Outcome 1 - the weekly trendline breaks to the downside...
Not many ideas out here, in open water 🌊🏴☠️😁 Looking to explore a continuation of the downward channel, with target at the key support displayed at 62. I will take some profit at 66.75 to cover the potential of an inverse head and shoulders forming. Potential breakout of channel is a possibility with the next move beig a bounce off the monthly up trend...