Looking at GBPUSD, as you can see from my chart there is a clear channel. I have marked a resistance level in blue where we should see some hesitation in price. We will wait to see what the price does before entering a Short position. Another factor to consider is the Stochastic indicator is showing us that the market has been over bought. Keeping a close eye for...
Trailing downwards nicely. Nothing but profit as usual. Only way to win is to make moves your 100% content with. MACD diverging, RSI oversold but 61.8 Fibonacci looks to break. Maybe get 100% retracement before a move back up but still I would want a strong close above 61.8 Fibonacci to look at a re-entry.
The Ashtead Group share price recently gapped up, and I expect based on previous gap fills for this gap to get filled in the next few days, giving investors the opportunity to short sell the stock for profit.
potential 60 pip short opportunity here on cad/jpy before looking to take more long positions on this pair but with the fundamentals at the minute the Yen being as strong as it is I believe we will see this pair fall to the 82.7 area. the low of the start of this channel it has broken out of.
risk accordingly good luck