I am Longing gold from this area. I am doing this as it gone past the 4 hour major resistance level and now comes the daily resistance level which is where I have placed my entry. fairly tight SL but plenty of reward. Previous history shows that wicks don't really come past this point but sometimes they have done so will have to make sure I keep an eye out. I...
FAKE BREAKOUT!! GBPUSD now heading to the monthly support which is 1.16516 from there we could see a further decline or go back all the way up to the monthly resistance which is 1.21885. If this is the case I will wait for a new lower high and the Monthly support to be rejected twice before I look at taking any long positions. I also used the fib to help find my...
Could be a potential buy opportunity for luna only short term for a trade. Could be a potential buy opportunity if you are looking to invest.
This is also my current long position I am aiming to take my profit at a weekly resistance point and then short from a pull back and then wait for a new High. I will only taking longs short term while my long term idea on GBPUSD is bearish.
Aiming to following the bearish trend and short. I will move my SL to BE once my TP2 has been hit. I will also watch how price reacts against the weekly support zones just incase price goes against me this is why I aim to take 25% at each RL1 so even if the trade goes against me I make some money.
Looking for a small pullback on the DXY to form a lower high. This will then hopefully then drive Up EURUSD to form a new lower high.
News early on in the week for the pound that is looking to be positive could be enough to push the price up into the entry. This is then followed by some news later on by dxy which could then bring price back down.
Two potential longs entry 1 is at the 68% fib which also lines up perfectly with the trend line. If price continues to move down I have another Entry set at the 78%. From there price hopefully will continue to move to the upside.
nice potential short with gbpusd as the dollar starts to find strength. Put the entry just below the key level as if it breaks below the key level it helps back up that it will dump down.
Dxy is in a medium term uptrend currently looking for some bullish momentum to take out the previous high