GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UNION JACK OIL PLC ORD 0.025P, PHOTONSTAR LED GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Annotations on the chart.
Check the annotated chart.
Price trading below 200MA.
Retest of the weekly trend-line.
Weekly Block EQ tested and held.
Fib levels confluence with order blocks - 4hr & Daily. Just sitting on my hands just waiting for price action to unfold. Price to continue from the up trendline structure towards the previous day EQ and then previous week EQ to take out stops above the swing high.
Price respects Daily & 4Hr order block, trades back into the up trendline structure. Fib drawn from swing high to low 50% retracement level & 4hr breaker low lines up together @ .86081. Possible HP move on the downside if EQ holds. Also previous week EQ too .86075 added confluence for me to short this pair if price action plays out to the books.
Pink dashed lines are levels where I would like price to play resistance bounce and trade onto the downside towards the previous day EQ & taking out the lows then to the structure low 110.241. I'll like to see clear rejection from the pink zone (Breaker) to get involved but right now I am sitting on my hands.
Following the aftermath of Article 50 being triggered, EURGBP was bullish in favour of the Euro with Pound weakening and Dollar short term strength after the whole shebang - GBPUSD. Here price tested trend structure where support price action played out well. Price is currently trading below 4HR Breaker candle as well as the previous day equilibrium to retest and ...