Good entry point for GBPUSD as signals on the left indicate.Will go out once stochastic RSI reaches overbought area
If ema lines dont cross each other to the upside signal wont be valid anymore .
Blue - 4 ema
Red - 50ema
My target for USDJPY last week got smash for the long and as I stated that price could be rallying up to make and a head and shoulders ready for the drop. As we can see on the daily time frame, price has finally broken out of the ascending wedge and is retesting the bottom trend line of the wedge formation. As it is retesting the broken wedge it is currently...
Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Fundamental bias = Bearish .
Down trending sin Jan2019 mainly due to the slowdown in neighboring china. Slowdown in China began in advance of the US-China Tariffs, however the initial impact of the tariffs dented confidence globally adding to the effect. We've yet to see any impact of tariffs in hard China data, if anything in the short...
UJ preparing the big movement.
Option A: price could respect the daily region and drop until 4h trend line, if breaks the trend line we continue down for a couple of hundred pips.
Option B: price could break the daily region and continue up until Daily trend line, and we wait for a double top and candle confirmation to enter short. If break the Daily trend line...
2 trades can be taken on this pair as price trickles down to the support level/zone.
1st. (conservative) enter the trade from the daily light blue lines risking 95 pips to make the risk/reward being 1:5 which is great for a passive wealth created trade.
2nd. (aggressive) let price action can enter into the dark blues lines risking 30 pips to make the same amount...