Monthly EMA's still showing to be bullish as well as the general uptrend.
Price decelerating near support @960.
Checklist:
- Visibly oscillating
- Pull-back phase of general trend
- Deceleration
- Price at S/R level
Last post: June 30th. See chart.
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not hesitate ...
Last post: June 8th. See chart.
Review: Price had just broken the previous resistance level.
Update: Price has now clearly broken that area and is making new highs.
Conclusion: We need to wait for price to close above the previous high before looking to go long.
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Last post: June 21st. See chart.
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
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Last post: June 24th. See chart.
Review: Price had pulled back to the daily 20sma which was acting as resistance.
Update: Price has bounced off the 20sma and produced a potential bearish engulfing candle suggesting weakness.
Conclusion: Continuing to stand aside until pivot support is cleared and price moves towards 1.3000.
Any comments or questions, do ...
Last post: June 3rd. See chart.
Review: Price was trending nicely to the upside.
Update: Price has broken out yet again with a big breakout bar which was also a gap up.
Conclusion: We will wait for the next breakout before considering a long trade.
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Last post: June 14th. See chart.
Review: Price had started trending strong after breaking through resistance.
Update: Price continues to trend to the upside and still looks strong.
Conclusion: We will be looking for long opportunities following the next breakout.
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Last post: June 11th. See chart.
Review: Price was holding at a support level.
Update: Price has since bounced off the support area and looks ready to tackle the resistance level just above.
Conclusion: If there is a breakout then we can look for long opportunities which may happen soon.
Any comments or questions, do not hesitate to leave them below. Give us ...
Last post: April 18th. See chart.
Review: Price had just broken out of the previous resistance level.
Update: Price went back below the resistance level then went into consolidation, but has since made new highs and broken a higher resistance level.
Conclusion: We will be looking for long opportunities following the next breakout.
Any comments or questions, ...
Last post: June 21st. See chart.
Review: Price had triggered our short trade but finished the day bullish.
Update: Price continued to gain strength but is now at the daily 20sma which is acting as resistance.
Conclusion: Applying patience as we look for resistance to hold strong and for the bears to come back in. A break and close below support needed.
Any ...
Last post: May 29th. See chart.
Review: Price was back at the support zone following good bearish moves. We wanted price to clear support and continue weakening.
Update: Price did not break support. Instead, it bounced off support, pulled back to the resistance high, bounced off resistance and is now back at the support zone.
Conclusion: This is very much ...
Last post: June 21st. See chart.
Review: Price was making new all-time highs.
Update: Price is continuing to look bullish.
Conclusion: We can look for long opportunities following the next daily breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Last post: June 10th. See chart.
Review: Price was pulling back in the last post.
Update: Price has gone into a mini consolidation.
Conclusion: Standing aside until we get a breakout of the consolidation zone, but overall the trend is up.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! ...
Last post: June 20th. See chart.
Review: Price had broken through and established a bull trend above the March high.
Update: Recent indecision in the market suggests the much needed pullback is a possibility.
Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable.
Any comments or questions, do not ...
Last post: June 9th. See chart.
Review: Price was trading above the resistance level.
Update: Price is continuing to make higher highs.
Conclusion: As price is looking strong we can look for a long opportunity following a break of the previous daily high.
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Last post: June 14th. See chart.
Review: The bulls had resumed strength in the market but price still needed to break and close above the pivot high.
Update: Price has moved into a mini area of consolidation and so still requires the breakout. This is still very much bullish.
Conclusion: Continuing to apply patience until the breakout is confirmed.
Any ...
Last post: May 29th. See chart.
Review: Price had just broken above resistance.
Update: Price is starting to perform a pullback.
Conclusion:We need to see how far the pullback goes then we can look to enter on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Last post: March 12th. See chart.
Review: Price was trading comfortably above the resistance level and the £30.00 round number.
Update: Price has continued higher making higher highs and higher lows.
Conclusion: We can look for long opportunities as price is bullish on the bigger timeframes.
Any comments or questions, do not hesitate to leave them below. ...
