look for pull back to 1.27 before entering. TP and SL as shown. The sell-off has stretched beyond 1.618 and should be a big green week for GBP
Enter on bullish engulfing and TP as shown. Comments welcomed
My thoughts on how ukx will play out: - long to complete corrective W2 (align with 0.618 retracement) - short thereafter for W3 Constructive comments welcomed
Open: 7010 SL: point X TP: 3 levels as shown RSI is also overbought
Rallying nicely into a bearish cypher pattern for a week. Comments welcomed
Assuming uptrend continues, coupled with the cross in MACD. If wedge breaks down below 7300 (50dma as well) , we can look for a drop to 6800 at least
Hope to get some opinions here - rising wedge in a downtrend - breakdown of wedge for confirmation to short TP: 5650