GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
VAST RESOURCES PLC ORD 0.1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, EUROPA METALS LTD ORD NPV (DI), UK OIL & GAS PLC ORD 0.01P, HERENCIA RESOURCES PLC ORD 0.01P
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, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Break and close of the trend line invalidated my analysis. Looking at a pullback to 1.175 level off the back of the YH seen 2 weeks ago.
This could be a short play, however a break of the CTL could indicate a long entry TP1 61.8 Fib level.
Short outlook with a TP1 @ 1.3000 area in confluence with previously respected weekly resistance levels.
5.4 RR - Rejection @ 1.253 trend line level with an aim to TP1 @ 1.229 key level. TP2 1.223.
Lets see how this setup plays out. Could be a longer term hold across a couple of weeks potentially.
Potential Short Entry to 1.2280 level and reversal on previous key resistant level.
Looks like some confluence around a break of the Fib 38% retracement level and break of the downtrend channel indicates a short sell off the back of a weakening Euro and slowly stabilising Pound.