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LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P, UNION JACK OIL PLC ORD 0.025P
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I have now entered a short position on the AUD/USD pair
- Confirmed downtrend with consistent lower highs and lower lows
- Rejection of fib 0.618 on 4hr TF
- 4h Doji candlestick rejection of fib
- 3 pin rejection pattern
Confluences are on the chart.
Confirmed downtrend with lower highs and lower lows
Looking like its reversing into 5th wave
MA crossover on 4hr TF
Rejection of long term trend line with tweezers forming on the daily TF
My tip is wait for the daily to close as a doji or spinning top. Stops above previous spike (122.090)
See chart for confluences but i am now entering a short position on the GBPUSD
2x Daily bearish engulfing
1x Daily Doji
Price hasn't broken out of long term trend support
Currently entered into a short position on the the EURAUD. Confluences on the chart.
- Multiple 4hr wick rejections of monthly resistance
- 2 daily TF rejections (tweezer tops)
- Momentum slowing
- 4hr broken through lower trend line
GBPUSD Short set up. See chart for confluences.
Rejection of monthly resistance/key level 1.25
Consistent lower highs
Bearish 4hr candle
1hr ma crossover
Opportunity for a long position on the EURUSD. See chart for confluences but listed below:
Long term uptrend
Loss off momentum around fib 0.5 (Currently looking for a higher low to form here)
Daily candles - spinning top and hammer
Stops below previous low. Target is monthly/yearly resistance @ 1.08600
General price decline on the GJ. Broke through previous key level 140 and retraced to retest 140.3 (and failed). Looking at a continued decline down to 2017 support @ around 137.
Gold is currently channeling nicely around the 1250 mark. Potential for a new long position after the recent retracement to 1250.
Await the 1hr candle to close above 1250 (key psychological level) and above the longer term trend line. Price should see 1260 again.
Looking at a potential breakthrough of key level at monthly resistance. Waiting for 4 hour candle to close above the Key Level and will enter long.
Potential for a FTSE100 short position. All time high for this index with price resisting to break 7350.00 area in january 2017. Channel forming in 2017 with prices again trying to break the 7330 area. Number of spinning tops/doji candles on the 4 hour timeframe and ma looking to cross back hinting a reversal and price drop down to 2017 support @ 7100 region.
Looking at a potential short on the EURUSD in the next few days. Nice channel forming on the 2017 sup & res @ 1.0827. Fib retracement at fib 0.382 on the recent downtrend. looking for the price to touch fib 0.786 at around 1.072 and then reverse down to 2017 support.
EurJpy has broken down through key level 120.55 (2017 Supp) and is continuing the downtrend from late 2016. Continual lower highs and lower lows.
Long position on the XAUUSD. Price has recently broken through Jan 2017 resistance levels and then retested it and retraced back up. Looking for a long position to the upper bounds of the trend line. Long term this is very bullish with higher highs AND higher lows.
Another chance to BUY into the EurJpy long trend. Good upwards momentum from the bottom of the monthly channel. Retracement at bang on Fib 0.5 and now looking to go long again.
Flag set up forming on the GBPUSD hourly charts. Good consolidation around the monthly resistance of 1.25 and looking for a break up (BUY) or a reversal back under monthly resistance (SELL).
the gold has been heading up and up and we have had 3 attempts at breaking 1235.5 (ish) with all 3 attempts failing. I have waited for candlestick going in the downward direction and am entering into a short trade heading for a target of 1220
Potential short on the EUR JPY chart. Serious down trend which increased in steepness. The price has broken through the 2017 low at 120.50 and is heading to a previous low of around 118.7
We have had a retirement around fib 0.618 up to 0.786 and a recent retracement at 0.236. Looking for the downtrend to continue to 118.69
Long term downward trend. I have now waited for the 3rd retracement toward the trend line am entering into a short trade with a target of 1.29984