BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, EUROPA METALS LTD ORD NPV (DI), BOULD OPPORTUNITIES PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Anglo American PLC - Long
Making good process. Long-term trend (weekly chart) well established.
Oversold and is showing signs of a new uptrend. Also within a strong channel.
Hold till resistance level/overbought RSI
Place stop loss at 1320
Risk/Reward ratio: 4.3
We may see a test of the highs, but the most recent value are is my first target.
One we get there look at the candles for more clues, but for now we move higher!
I think we could see more downside for Anglo American, 2016 trend line break early March, now have the potential for Head & Shoulders neckline break and a 123 high break into lower low. My target from the breaks is 865
Not sure whether ABDCE wave will action or just a simple ABC corrective before wave 5 commencement.
Have 1160 area in sight for next leg up
looking for a trend continuation