EURGBP - Intraday - We look to Sell at 0.9200 (stop at 0.9230)
Posted Mixed Daily results for the last 3 days. Inside Soldiers have been posted on the daily chart. A bearish Head and Shoulders is forming. Trend line resistance is located at 0.9193. Bespoke resistance is located at 0.9200.
Our profit targets will be 0.9090 and 0.9020
Resistance: 0.9193 / 0.9200...
GBPJPY potential buy from 128.729. 2 take profit targets in place. First being at the 50% mark (129.790), once first target is hit, it's recommended to adjust stop loss to break even (128.729). The second half of the position will be liquidated fully at take profit level 2 at 61.80% (130.547).
We have dropped below the long term bullish pitchfork and appear to have completed wave (iv) in recent downward impulse.
Looking for opportunity to go short as initial drop very rapid from Rising Wedge break!
Good Educational Videos on Pitchforks and Rising...
C LEG PUSH UP?
- DAILY CANDLE CLOSED ABOVE LEVEL 1.6500 WITH NICE BULLISH CANDLE
- PRICE PULLED BACK FOR A RETEST (B LEG)
- CANDLESTICKS GOT SMALLER AS THEY APPROACHED THE 1.6500 LEVEL
- LITTLE HEADS UP AS CAD NEWS IS COMING OUT TODAY!
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Price action looks to be forming a bottom.
A bullish reverse Head and Shoulders is forming.
We have a 38.2% Fibonacci pullback level of 1.2115 from 1.2075 to 1.2240.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to buy dips.
We look to Buy at 1.2120
Target 1: 1.2240
Target 2: 1.2270
Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
The move lower is mixed and volatile, common in corrective sequences.
Expect trading to remain mixed and...
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley...