As we can see on the 4H time frame we have had previous Higher highs and Higher lows.
We are now waiting for a break above our Daily Resistance level at 106.800 and also a strong previous Supply zone at 106.650.
We will be aware that price could in fact reject the Supply zone and break below trend towards 107.350 which we would look to enter upon a break of...
As we can see on the 4H time frame we are currently consolidating between 1.11075 and 1.10650 so I will be waiting for a clean break and retest of one of these prices for a precision perfect entry.
Above 1.11075 we will look for TP levels at 1.11450 (38 pips) with a possibility of breaking our supply zone to 1.11650 (58 pips).
Below 1.10650 we will look for TP...
On this pair we have a daily uptrend with a breakout of 4 hour down trend which has retested and rejected. For extra confirmation on this trade I would like see price retest the last lower high of the 1 hour falling wedge.
FX:UK100, OANDA:UK100GBP, TVC:UKX
Prices are extending higher from the bullish flag/pennant formation.
Positive overnight flows lead to an expectation of a firm open this morning.
Bespoke support is located at 7460.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
FX:GBPCHF, OANDA:GBPCHF, FOREXCOM:GBPCHF, SAXO:GBPCHF
A higher correction is expected.
Broken out of the channel formation to the upside.
The gap open from 1.2406 to 1.2414 has now been closed.
The bias remains mildly bearish but there is scope for a move in either direction at the open.
Although the anticipated move higher is corrective, it does...
Following a close below a decent level of support from the daily downwards we can expect some continuation lower. RSI strength in the move aswell and put in this wedge type pattern which we can expect to break to the downside and can ride any pullbacks we get unless you play the break.