GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VAST RESOURCES PLC ORD 0.1P
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
This looks like it has broken out of the cycle low & then successfully backtested the breakout. RSI, sentiment all support the low being correctly identified. This looks like a good opportunity to sit on a long move upward.
Short is an overcrowded trade here at the moment. Watch for reversal signs as good chance of those shorts getting covered at pace when we do.
Could well see some price action off this long term support - especially after a few failed moves to break current resistance areas.
I don't think we've yet seen the bottom here. The major support line tags the current price action sub $1.2, and the bollingers don't quite look right to signal the bottom. So although I will be going long here very soon and will be looking for a very big upward move, I will watch/stay short for now u til I see clear evidence of the floor emerge.
Big drop today. Lots of shorts still here and premature longs getting squeezed. Watch the support line for the entry point & scale in Long for the bounce.
Might be a big move ahead. I'm targeting $1.90