reef_dogg

reef_dogg

Price is closing past both KAMA and Kijen Baselines. We're meeting some heavy support as both the 50 and 200 Moving Average sit just under the closing candle. There has been some rejection so I am looking forward to sell after the retest of the previous structure as shown in the chart. As you can see in the RVI there has been some divergence in price as well....

reef_dogg

As we can see, price is crossing and will close over the KAMA and Kijen Baselines. Price has also broke out of the previous structure (triangle) and is shifting to a bullish scenario. RVI is also making new highs as volume to the upside increases.

reef_dogg

Good LONG opportunity for the Pound. Clear Uptrend with the daily candle closing beyond the KAMA and Kijen Baseline. The Weekly charts also seem to be gaining momentum to the upside with higher highs in MFI, RVI, and volume indicators. Lets see how price action plays out during the course of the week. SL set at 1.81063 First TP set at 1.83541

reef_dogg

Crossed my Kijen Baseline and almost crossed KAMA Baseline. Shift in trend from BEARISH to BULLISH; WAE suggest higher volume to the upside; Aroon and Williams %R suggest higher BULLISH values My first TP is set at .5 of the ATR on the close of November 13. (1.55924) Second TP at 1 ATR (1.56455) My SL is set at 1.25 the ATR from the close price on November 13 (1.54067)

reef_dogg Updated 

Crossed and closed over my Kaufman and Kijen Baseline. RVI has crossed zero line bullish. Aroon is showing higher bullish values. WAE shows high bullish momentum and volume. Set my first TP at 115.610 and Second TP at 116.007 SL is set at 1.25 the ATR from the open price on November 9 114.278

reef_dogg

Major divergence on daily timeframe. Time for a sell

reef_dogg

Market still bullish. End of retrace; volume indicates weak moves down with higher lows

reef_dogg

Price divergence; Lower lows in volume