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.
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.
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.
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
The FTSE 100 has been channeling well for the past week. After 3 consecutive rebounds i am now looking for my 4th which will be a SHORT. We have an ma crossover and the daily close within the downward resistance.
The price has rebounded off of short term support and is forming a fairly straight channel. Potential for a LONG position 86.65 and heading towards 87.3 with a TP 1 at the previous (closing) high of 87.03
We had a nice breakout of consolidation on the EURGBP and now it is looking to do the same again. Consolidation on the 30 minute candlesticks and i am now waiting for a breakout down or up. Volatility is looking like its reducing which indicates a potential SHORT position.