ColossusCapital

ColossusCapital

Another pair trapped in a descending channel, just rejected the top and making its way back down towards the monthly level of 130.00, I do see price stalling around the intraday level of 130.50 before spiking into 130.00

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After creating a new high last week, I am expecting a pullback on Gold to around the middle of the channel before surging to $1800

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After spiking the trendline from above, I expect EU to push back up to the previous level of resistance around 1.1350

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I am expecting GA to continue its downward push and fall around the monthly level of 1.7750 before pulling back to make a lower high.

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With the trendline broken and now retested, I am expecting a push to the downside and for price to reach lows of around 1.2100 before reversing up to 1.2500/1.3000 when the Brexit deal is announced towards the end of the month.

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Continuing on from last week, still waiting on GC to reach the target of 1.7250. This pair has been forming HL and HH for a while, just waiting on that explosive move to the upside.

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UC pinged the "golden region" last week, just retested the bottom of the zone, now expecting the fall to 1.3250 (D1) and then 1.3100 (D2)

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Expecting UJ to be range bound and consolidate between 108.00 and 107.00, before breaking out. Trade with the trend

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Ascending trendline broken and retested, EU has formed a LH and LL, awaiting a LH to be formed before melting to the daily level highlighted (1.11400), should we break this with high momentum then looking at 1.0975 as next longer term target

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Expecting GA to break below the trendline and retest 1.8250 from below as resistance before falling to 1.8100 and then 1.8000

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Looking for GU to rise to 1.2750 forming a double top before falling back to the trendline. Upon the next test of the trendline I am expecting a break and fall below to 1.2500

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Expecting a pullback or some consolidation before a pullback, again using Fib, the golden region falls perfectly with 1.3700 in the middle. Once this level has been met, the downward fall towards 1.3100 is expected.

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RE-ENTRY Great opportunity from last week, entry last week was below the trendline and was stopped out by 11 pips, re-entered and holding this trade up to the highs of 1.7250

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Awaiting a pull back into the 1.1250 region or the ascending trendline to be touch before entering, before making a leg higher towards 1.1450. The momentum we saw last week cannot be sustained and buyers have been exiting the market causing it to slow down. Tight stop loss placed and using a trendline bounce strategy.

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This pair has been falling since the start of April, at some point we need to pull back up, I am expecting a retracement to 1.8500, before falling any lower because of the long drives into 1.8050 showing these lows cannot be maintained. The Fib ‘Golden Region’ aligns perfectly with the monthly level, also on the higher TFs, the trendline has been broken and once a...

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After the parabolic run we have seen, I am expecting a retracement on the pair to bring us back into the 1.2500 region. The high wicks of 1.2700, show the momentum slowing down and the market beginning its reversal. Another factor that everyone seems to have forgotten about is Brexit, as Covid-19 and other matters have been taking over the headlines. There is a...

ColossusCapital Updated 

There is a Head and Shoulders formation in the works and the right shoulder just needs filling, placing tight stops, just underneath this ascending trendline and the target I am looking at is 1.7250, as you can see, there has been a lot of previous consolidation

ColossusCapital Updated 

GBP/USD – Currently range bound, however, I am expecting a breakout to the upside bringing the pair back up to previous highs around 1.2630, as the UK is opening up non-essential businesses this could see the pair climb high as the economy is being stimulated.