GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
VAST RESOURCES PLC ORD 0.1P, GREATLAND GOLD PLC ORD 0.1P, ANDALAS ENERGY AND POWER PLC ORD NPV, KODAL MINERALS PLC ORD 0.03125P, UK OIL & GAS INVESTMENTS PLC ORD 0.01P, INFINITY ENERGY S.A ORD NPV
FTSE 100, DAX, Euro Stoxx 50, S&P 500, Nasdaq 100, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Copper
Bitcoin / Dollar, Ethereum / Dollar, BCH / Dollar, Ripple / Dollar, Litecoin / Dollar, Ethereum Classic / Dollar
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
GOLD (US$/OZ), Brent Oil, Crude Oil, Natural Gas, PALLADIUM (US$/OZ), SILVER (US$/OZ)
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.