DE30 is currently at relatively the 15800 zone. This Res has not yet been tested in recent times and could be the deciding factor in a mini retracement back to our trend line and or previous resistance (As old Res is new Sup) to the 15750/15760 zone.
In this area, we would touch our new mini trend line formed and then shoot up looking to break the 15800 zone into...
Due to activity on the chart, we clearly can see a bunch of previous cup n' handles, as well as many previous resistance zones that were tested then broken. We also see some consolidation before these zones were broken at a few points.
Who is to say we won't see another instance where resistance is broken following time consolidation. Not to mention, the trend is...
EURGBP looks real good and seems to have a nice flow to it. If GBp. breaks S1, we see that there is a high likelihood that it could go down to touch our TP darn near 83400 or so. We will place TP slightly above that to secure profits.
Yet again, be patient and wait for the retest of this level and its breakthrough!!!!!!
Thanks
GBPCHf broke through previous resistance, and that resistance is expected to be new support.
Indicated by the candlesticks, the next key level is not until roughly 1.27000 giving us a wave to profits.
