A skewed head and shoulder is 90% in completion and and posing to complete due the factors of oil being in good recovery and the delta variant is taking its toll on the UK region which push me to believe that this pattern will formulate and fulfill its outcome soon. More over the fed statement has somewhat helped in this when they sounded extremely ambiguous...
From the chart above we can notice right of the bat the us30 has been trading in a tight zone between the indicated support and resistance and that is due to the indecision roaming around the market regarding the current delta variant situation or the effectiveness of the vaccine and not to mention the inflation knocking on the G7 nations door. For the current...
GBPUSD took a perfect rest on the 1.3890 support and went into continuation mode.I see the pair continuing its move back up and possible break of the 1.4 level which will open new grounds
here we see a break of the trendline on the 4h timeframe after an extended rally the boosted through every resistance. After we broke out of the trendline we did a healthy retest and continued our way down. We placed our Sl at 1.61700 and targeting 1.56800
This is the 4h timeframe where as you can see price is tagging the trendline and pushing up again and again with closing all above the trend line ..now move to a lower timeframe which i don't usually do but there's something interesting this time, unlike what everyone is saying , the gap is not filled yet even if only 3 pips is left ..the gap must be filled...
Moving on to EURUSD which is still in a perfect buy zone ,in my opinion the launch of EUR upward is only delayed by the US government manipulative actions but sooner or later this pair will launch upward when the market realize the deep shit the US is in.Your SL should be perfectly clear which is below the support at 1.1660 TARGET 1.2400 to 1.2900