GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
PROXAMA PLC ORD 0.01P, TRI-STAR RESOURCES PLC ORD 0.005P, UK OIL & GAS INVESTMENTS PLC ORD 0.01P, POLEMOS PLC ORD 0.01P, LOCATION SCIENCES GROUP PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P
FTSE 100, DAX INDEX, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Inchcape has a previous proven history with the 'Wolfe Wave'. Target from the current formation would be 840, a 16% gain from Fridays close price.
Start of an uptrend.
Hold till determined resistance/ when RSI signals a reversal.
Place stop loss at 733.
Risk/Reward ratio: 4
Inchcape has been steadily trending lower over the past few weeks. The shares have under-performed the FTSE100 index over the last 3 months as well as the general retailers sector. Sell at market and look for a move towards the June low.