Last post: May 22nd. See chart.
Review: Price was testing the support level.
Update: Price has broken through support but we will have to see if it closes below this level when the market closes.
Conclusion: We have to see how the trading day ends and are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them ...
Last post: May 15th. See chart.
Review: Price was struggling to break through the £10.00 round number.
Update: Price is still struggling at this psychological level.
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities but a break of the support level and price may move further down and towards ...
Last post: May 16th. See chart.
Review: Price was looking strong after breaking through the resistance level.
Update: Price is retesting that resistance level turned support.
Conclusion: We now need to wait for price to break the previous high to confirm the bullish trend will continue.
Any comments or questions, do not hesitate to leave them below. Hit ...
Last post: May 16th. See chart.
Review: A continuation of the bear trend was likely with the confirmation of the bear flag.
Update: Price has indeed weakened further with another bear flag a possibility by the end of play today.
Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken.
Any comments or questions, ...
Last post: May 2nd. See chart.
Review: Price continued to look bullish after breaking through the resistance level
Update: Price continues the uptrend and is still looking strong
Conclusion: We can look for opportunities when price breaks a previous high
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! ...
Review: We are waiting for price to break above the high before we can go long.
Conclusion: As price is above the psychological £1.00 round number support/resistance zone, we need a break of the high to confirm a continuation of the bull trend.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Last post: April 26th. See chart.
Review: A retest as support was expected following a break through key pivot resistance.
Update: The retest was sometime in coming. A break and close above May resistance is now needed to suggest a trend continuation.
Conclusion: Standing aside for now until the breakout and trend continuation has been confirmed.
Any ...
Last post: May 13th. See chart.
Review: A break and close above April resistance was required to confirm a trend continuation of the bull trend.
Update: The breakout took place, offering a long entry, and a new resistance high has been created.
Conclusion: Patience needed until the current May resistance becomes support.
Any comments or questions, do not ...
While the other JPY currencies that we have posted about, such as the AUDJPY, the CHFJPY and the USDJPY, continue to pullback or remain firmly in consolidation, the TRYJPY is leading the way for a possible breakout and trend continuation.
We last posted on the TRYJPY on April 4th when price had pulled back to and found resistance at a previous pivot level. Since ...
Last post: March 27th. See chart.
Review: Price was bouncing off a strong support area.
Update: Price has advanced and moved up over 700 points and now close to making new all-time highs.
Conclusion: If price closes above the previous all-time high we should see bullish trends in most UK stocks.
Any comments or questions, do not hesitate to leave them ...
Last post: May 13th. See chart.
Review: Price had pulled back to and was bouncing off resistance.
Update: We were wanting a breakout in the form of a bear flag. 2 more days of weakness means the bear flag has been confirmed.
Conclusion: A bear trend continuation is now likely offering further shorting opportunities.
Any comments or questions, do not ...
Last post: May 9th. See chart.
Review: The bulls were very much in control and forming a trend since breaking out.
Update: Price pulled back to support and another breakout is a possibility.
Conclusion: A breakout will suggest a bull trend continuation and will offer opportunities for us to compound.
Any comments or questions, do not hesitate to leave them ...
Review: Price has moved back below the previous all-time high
Conclusion: Since the buyers were not strong enough to hold price above its previous all-time high, we need to stand aside.
Price is back in the large consolidation area so wait for price to break out again before looking for long opportunities.
Any comments or questions, do not ...
We last posted on the USDTRY on May 4th when price had just broken resistance.
Since then, the bulls have continued to dominate the market, breaking out again in the process and triggering further long trades.
We want to see price continue to trend in the same linear fashion towards 5.0000.
This is looking strong for a trend continuation.
Any comments or ...
Burford Capital is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon.
Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we
may see it go into a period of consolidation. How long a ...
We last posted on the EURUSD on April 4th when price was still very much stuck in an area of consolidation.
Following the post, price action seemed to be gaining momentum in the direction of the bull trend but that was short lived. The bears took control of the market, and in the last week particularly, we have seen price break through the pivot support that was ...
Last post: April 28th. See chart.
Review: Price had broken key support and was weakening further towards the 200sma.
Update: Price continued to weaken is now trading 300 pips below the 200sma and the significant round number of 1.2000.
Conclusion: Price now has a bearish bias and we will be standing aside until an opportunity to short this presents itself. ...
Last post: May 23rd. See chart.
Review: Price dipped below the support level.
Update: Price has started to move above the resistance level.
Conclusion: We are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
