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LLOYDS BANKING GROUP PLC ORD 10P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VAST RESOURCES PLC ORD 0.1P
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If you're anything like me, as a trader you likely have a traded instrument that is kind of favourite. For me it is the FOREXCOM:UKXGBP mainly on account of the fact that I cut my trading teeth on this index. So if indices are a part of your portfolio, this could be a profitable opportunity.
This index (like many others and the Equities they derive their value ...
- Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment.
- Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450.
- Clear rejection of the weekly support level on the D1 with a long ...
RSI Bullish Divergence on the H1.
Price action consolidating above the major daily support level of around 1.2900 and awaiting a breakout most likely to the upside.
Uncertainty can be seen on the candlesticks, dojis and spinning tops with small bodies, suggesting the rejection of this support and a potential bullish move to 1.3000 as the first target.
Trade setup ...
still looking for a retest.
maybe it does not need to happen.
but maybe it does.
either way there looks to be lots of upside coming soon.
We did it, we hit the target of this big channel, around 8,9k as the logically support like i already mentioned and bouce as the 1 hour TF shows the bullish divergence signs on RSI.
Now, we are likely to test some resistant, before the next ride to 10k on this big upward channel.
The first resistant place at around 9250 dollar.
I'm happy to help you out there to ...