waiting for price to close and break out of the rising wedge pattern, regular bearish divergenge has occured on the 2h charts, 1st target at 0.73500 final target at 0.73000
looking to long the GBP temporarily with my first target at 1.98000 depending on the fundamentals ill either continue long towards the 2.00000 level or cut my porifts at the first target, if price can hold and close above the previous highs made then i will consider entering this trade.
Ascending Triangle pattern, on the GBPUSD hypotenuse side has been broken by price. GDP figures for the U.K. were worse than expected, acconmapied by a flurry of bullish usd fundamentals within core durbale goods orders, initial jobless claims and pending homesales. first target at 1.46000 second at 1.45500 and my final target at 1.44000
Price failed to break below 0.77472 which coincides with the 2012 July lows, even though polls say he U.K. is more likey to stay within the E.U. its not plausible data to be trading upon in my opinion, with the recent news releases from the Euro-Zone it may seem that monetary policy may be aiding in the economic expansion in regards to GDP however consumer and...
waiting for a failure for price to close above the descending trendlline with bullish usd fundamentals before going short to 0.74693 as my first target. 0.72492 is my second target with my third target at 0.70000
My EURCAD long placed yesterday night, with unchanged Canadian GBP and Bullish Euro-Zone GDP I will be long towards 1.45423 with my first target at 1.44387 I will see how price tests the first descending trend line a break above with the right fundamentals will see me towards my final target
WAITING FOR A PULLBACK IN PRICE TOWARDS 160.225 THIS IS A TEST RUN FOR A NEW TRADING CONCEPT OF DIVERGENCE PATTERNS COMBINED WITH HEIKEN ASHI CANDLESTICKS AND FIB RETRACEMENTS. WITH BREXIT POLLS SHOWING THE UK IS MORE LIKELY TO STAY WITHIN THE E.U RATHER THAN LEAVE COMBINED WITH THE FLURRY OF DISAPPOINTING U.S DATA WITH SPECUALTORS FIRMING BETS THAT FED RATE...
TRADING THE RANGE BUT I'LL BE LONG TILL THE DECENDING TRENDLINE, LOOKING TO SHORT DOWN TO THE MAJOR LOWS IF FUNDAMENTALS AND PRICE ACTION ARE IN TANDEM WITH EACH OTHER.
DUE TO THE ANNONCMENT OF THE BOJ'S PLANS FOR MONEY EASING IN ORDER TO DEVALUATE THE YEN SO THEY CAN REACH THEIR INFLATION TARGET, I AM LONG ON THIS PAIR, WE HAVE A CLOSE ON THE DAILY CHARTS ABOVE THE CONVERSION LINE (RED LINE) OF THE ICHIMOKU AFTER PRICE HAS TESTED AND BOUNCED OF MY 50% FIB LEVEL WITH MY TARGET SET AT THE BASE LINE (BLUE LINE)
FAILURE TO CLOSE ABOVE THE MOST RECENT HIGHS WILL SEE ME SHORT TOWARDS THE LOWS AFTER THE 14:00 CLOSE OF THIS CANDLESTICK BEARISH DIVERGENCE PATTERN ALSO FOUND.
WAITING FOR BEARISH DIVERGENCE TO FORM ON THE 4H CHARTS BEFORE ENTERING FOR A SHORT TOWARDS 154.914 A FALSE BREAK IN PRICE ABOVE THE CLOUD WITH THE RIGHT ANALYSIS WILL ALSO CEMENT MY DECISION FOR A SHORT
