FX:EURGBP, OANDA:EURGBP, FOREXCOM:EURGBP, FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
FX:GBPCHF, OANDA:GBPCHF, SAXO:GBPCHF
Here is a video on GBPCHF. We posted a buy idea on the pair this morning (see the related idea).
Just a quick run through on the reasoning behind it and why we thought it was a decent speculative trade to have a look at today.
Feel free to comment if you have any questions or would like to discuss anything.
Full details of...
Weekly - Expanding wedge, bullish outside week posted.
Daily - Invalidated the head and shoulders setup that threatened to send the market lower.
4H - Bullish flag pattern completed with a measured move target at 7708. Potential inverse head and shoulders forming also.
Outlook is bullish - We will be looking to buy dips...
EURCHF is bouncing from the lower end of a large range.
Price action has remained above the large support band between 1.1106 to 1.1200 on the weekly chart. The bullish hammer candle that was posted on the week ending 7th June 2019 suggests that buyers could return in the short term.
The daily chart displays a...
There has been serious price movement overnight. The gamblers out there shall be placing bets in the 'casino'. Sorry, it's not for me.
As far as my analysis goes, BTCUSD is still pushing heavily south. In a previous video I warned about BTC having a near death experience driven by FOMO.
I'm not telling people not to trade this. I'm saying that this is...
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30).
The emphasis here is in the nature of the struggle to avoid correction and the similarities in form.
The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time frame....