UNION JACK OIL PLC ORD 0.025P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, PHOTONSTAR LED GROUP PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, SABIEN TECHNOLOGY GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Last week showed a break to the upside of a descending channel, showing bullish momentum. On the daily chart the candlestick has been using the ma as support. On the 4hr chart can see a break of a wedge to the upside and rejection at the 50% fib retracement level. I am looking for long opportunity after the close of 4hr candlestick above the wedge before entering...
- Simply break & retest on the H1 chart - Price broke & closed below support - Entered on live retest - 15 pip stop & TP
Today's one & only scalp - Price broke above H1 & H4 resistance - The H1 printed a new high, then came down to retest but first of all made a new Lower-high, then closed back within the range - Short positions were taken upon retest of the resistance level with a 15 pips SL & TP - TP got hit the following hour candle
Higher time frame were clearly on the down trend making new lower lows and lower highs, currently on the 4hr time frame you can clearly see previous structure looking left has been broken , so were now waiting for the pull back and re test. the 50% fib lines up perfectly with an area i would look to get into this market selling for the continuation of the market....
AUDUSD is trapped within the 31& 50 - 200 EMA, also there is expectations of upward trend because of the CPI release later on ! Then EURUSD face a significant downward trend as it has been overbought lately! Also the pair has reached the daily trendline and is forming the second leg for 4HR m Formation. Then there is significant resistance around the 1.5060 area
price reacted of support and pierced a little lower, possible stop hunt which validates a long position!!
EURAUD, Buy on H4. H4: - Minor uptrend forming - Tendency: upward - Reversal candle => UP
Potential continuation of the bullish trend, confirmation when breaks and retests the resistance level. Past resistance levels as exit points.