GeofTraill

GeofTraill

We can short GBPUSD here as we are currently at an area of confluence; the top of a wedge, Weekly R1, 1.382 fib extension of the current bullish trend. Bearish divergence showing on the 4h TF.

GeofTraill

I expect a gap up when the market rolls over tonight after Brexit talks have been extended. However I am not expecting the news to be positive enough to break out of the 1.34 -1.31 range and will be watching PA around the highlighted areas. Significant supply zones exist around 1.34 and 1.35 highlighted, so I will be looking out for sell opportunities at these...

GeofTraill

Gold is forming a head and shoulders pattern, being held down by a trend line. Possible short opportunity, currently sitting on supply zone around 1830. Looking for a test of the 1800 area before reversing. Any positive movements in the stock market should help with the final push down.