Craven64

Craven64

Current position

Craven64

Looking to take advantage of another push down from this pair. TL break and downward momentum from 200EMA. £ is under the cosh!

Craven64

Same as last GBP analysis. Looking for the break and drop

Craven64

This one seems to be going well. Took a long position on the dow jones. Price is battling through alot of adversity recently and managed to fight off bears at 233. Looking to reach a new high of the day to continue with bullish power. Fully aware that the a** could crash out of this soon however!

Craven64

Similar to last failed anaylsis (lol)

Craven64

Going to try post some more intraday positions as of now - Overall trend is bearish Respecting downside of daily pivot point Break in 15min bull trendline Targetting todays daily support

Craven64

H&S pattern developed on 4H. Drop to continue.

Craven64

Looking for positive reaction from the .382. Entering long from that price. May see the inverse head and shoulders pattern develop from this. Majority retail traders are entered in short positions, so hopefully another rise higher before any more decline.

Craven64

Pair has respected the bearish Fib levels over the past month. FOMC statement tomorrow could really drive things down with an unsteady pound. Now waiting confirmation of; - Bull trendline break and reacting on the flipside - D1 closing below 50 EMA. But everyone is short on this right??

Craven64

First post in a while, Start of the week could be interesting for this pair. Really on the fence so will be keeping a close eye before entering. Heres my thoughts for both long and shorts; Long: Simple on this, bullish trend line has held from a good week for the US Dollar and could be a sign for things to continue over the coming weeks. If so 0.71 and beyond...

Craven64

Bulls appear to be losing momentum on this pair. Few lower highs being created. I managed to get an entry at 1.4865 however they may be another bounce from the trendline before a bigger drop .

Craven64

Waiting for touch of the trend line before considering entry to long position. Worth watching out for.

Craven64

Big rejection from yesterdays daily candle. Following bearish trend.

Craven64

Can clearly see the support area from this pair has been respected before and looks to be doing so again. The D1 chart candles are providing strong pinbars suggesting we are going to see the bulls take control. Monitoring from the 4H chart, it could be worth entering at any time now for more reward. Personally I will be waiting for maybe a strong bullish candle...

Craven64

Annoyingly late to this party from selling the pound all last week, this doesn't mean we cant benefit from it now though! new lows have been hit and there is lots of room for the price to move into. The price broke through its bullish trendline and has respected it on the other side before a huge drop from the news last week. I cant see anything other than 104.65...

Craven64

Seems to be a tight price channel forming for this pair. I still predict this to go long, especially when the blue highlighted zone is broken. Posting this update for anyone who wants to get on this trade and looking for a good entry level. If the price bounces to the lower trend line and holds, enter. GL.

Craven64

Predicting GBP to suffer over the next few days. Previous resistance has turned support and held. Interesting to look at weekly and monthly charts for this pair and other, plenty of room to move. Boris can't save the pound!

Craven64

Historic support to become resistance.