Multiple trend line and time frame moving average support found near 444. Making a good case to long.
Will it play out? The perfect long entry is at 420, but it's still a better than 1:1 P/L raitio anywhere between 420 - 460.
Double bottom and higher high. Looking for higher low to get in the bull wagon.
50% fib and prior low creats a possible support zone, a rise to 5375 will surely create more short interests.
We end up in mid field after 5 month of battle.
bears have drawn the line on the sand. Watch out.
$AMZN is hitting technical supports. Chart provides 3 reasons for a possible rally.
$GBPUSD has been in a nice bullish channel in April. Chart shows 3 reasons for the trend to take a break for the next couple weeks. A short would aim for bottom of the channel or 5400 level with a stop above 5600
Possible long opportunities for GBPUSD between 1.5175 and 1.5185 for 3 technical reasons: 1. 4 hour 200 MA 2. Fib retracement support of 61.8 3. 4 hour reversal trend line Target to 1.5350 - 1.5400 Stop 1.5025