We've had a trendline break and I believe we may hit the demand and bounce back up to re-test the upper end of the trendline. This may create a shorting opportunity
We ave had a bullish pound this morning. We may get a little sell off this afternoon
I have highlighted some Key Daily candles which have and will create great trading opportunities. GU has produced some fine swings recently and it is always useful to study Price action around key areas and hope to catch a good move or two
Working on refining some tight entries lately. This trade offers at least 1:20 using a 10 pips stop. A more reserved option would be 1:3 moving the stop above last weeks high. GBP looks like it may continue the push lower over the coming weeks.
Looking at the monthly chart of EURUSD, i notice there has been a pretty strong drop whenever the price has tested this monthly outer trendline. Will we break and rise or are we going to see another huge flush?!
Sure many of us have tried calling a top on this bull run but im going to give it another bash!! Price is approaching some historical supply so may react from here. Price does seem overstretched also
We've gad some interesting action recently with the indices. Price broke ATH recently and wicked back into previous price. I believe this wick was to take out all the stops and grab liquidity from above. The daily candles which followed seem to be a bearish pattern forming. I have displayed a couple of potential long term targets.
Here is a possible scenario for Gold. After the strong drop this week, price seems to be forming a wedge/flag type pattern on the daily. The price may re-visit the fresh supply before the demand but looking at the Flag, price is more likely to head down first. Lets see how it plays out.
Some Gold ideas for today. May see a big drop
US election day so markets a bit unpredictable. However this does seem a decent setup
I have a strange feeling we may dump from here - Viciously!!!!
Price is at the similar levels to MArch 2020 when the first UK national lockdown happened. With news of an imminent 2nd lockdown, we may be heading for a big drop again. Almost 1000 pips available from this supply
Approaching a key Previous Resistance level. If it becomes support we may get a good bounce
We've had a 1000 point drop today but may get a retracement
may get a 50 pip bounce from this zone
Possible short coming up as we approach previous sell zones
Some gloom economic forecast coming out from the UK this morning, may mean a shorting opportunity for the pound would be a good idea.
against the trend. but seems possible