VAST RESOURCES PLC ORD 0.1P, PHOTONSTAR LED GROUP PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, HSBC HOLDINGS PLC ORD $0.50 (UK REG), UNION JACK OIL PLC ORD 0.025P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Here is a potential long position to 0.94000, I believe it is setup to be a good trade, however I wouldn't enter a position until price breaks the 4H resistance. If you look at this chart on the daily timeframe, you will see that this pair had a large price surge, and then began to create a 'flag formation', however once I dropped it down to the 4H I noticed that...
I've tried to keep it really simple when analysing this pair today. I've gone off of a basic key level breakdown, trendlines, trend continuation, and of course a little bit of Fibonacci, I've placed my stops at 1.29840 and my target at 1.36000, which offers 5 times whatever you are willing to risk, I'm hoping keeping it simple helps me to get back on track because...