Zackfx10

Zackfx10

the stochastic is about to point down and EURGBP has hit the regression so i think that it will pull back to the middle line.

Zackfx10

If you look at the regression its gone out of the zone and normally is followed by a pullback and also if you look at the stochastic its almost overbought so i think its going to go a a little bit but then goes back down to hit the middle of the regression.

Zackfx10 Updated 

GBPJPY has gone down from my last call but is now oversold so im expecting a spike up

Zackfx10

EURUSD is oversold and @Mayfair_Ventures Wycoff indicator has sensed a buy opportunity, hoping to go up

Zackfx10 Updated 

I wanted to share this with people as there are some good posts on @TradingView . I have gone through the scripts in the community. Are there any you like? Why? Please share with me below; I'm a new trader so don't understand them all - but I can see the good work gone into some of these! Hope you like my choices. (These are not in order) just how I found...

Zackfx10

I have taken my RSI off for the sake of the drawing. But the gold indicators are showing a short here on the bigger timeframes (Daily and weekly) but it is looking to move up a little here, test the last high and then drop.

Zackfx10

Its going to my bottom regression line to go back up.

Zackfx10

its hit my bottom regression line (the blue dotted line) to now go up.

Zackfx10

Im waiting for it to come up to the middle regression line to go back down to the bottom line

Zackfx10

Its hit the middle of my regression channel but I'm waiting for the false bar to agree with the regression.

Zackfx10

It has hit my red regression channel lines which are very strong so most likely to bounce back down.(ps. The yellow zone in a Wycoff supply and demand zone if you were wondering)

Zackfx10

Its hit an important/hard level. Looking to short it.

Zackfx10

Every time it hits my red regression line it bounces in the opposite direction as it is a strong level.

Zackfx10

Every time it hits my red regression line it bounces in the opposite direction as it is a strong level.

Zackfx10

Signs of stability to the UK economy has strengthened the GBP/AUD exchange rate today although the Australian Dollar against the Pound today has been stronger than expected. So, in simple terms, GBPAUD is going to go up to 1.87701 (a key level on the charts) and is thought to drop to 1.57402. So im waiting for it to go up a little bit to go down loads.

Zackfx10

Looking at the simple levels here, I feel we have room for this to drop and then rise again. The dollar looks like it wants to pull back even more.

Zackfx10

Indicator view - testing Helix. Short term long position setup.

Zackfx10

I think we can see some selling off this level. A pullback and drop. GBP cannot stay this strong with global events as they are currently.