Lordwicks

Lordwicks

A idea to run short. FX:EURGBP

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long

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Long

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XAUUUUU

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idea

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Break of the trend line confirmation to go short

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GBPUSD With vaccines proving to be doing well in the UK I see the Pound being fundamentally rallied, expect it to trade within the trend lines, lower TF suggests it broke but looking at the weekly it only wicked out and the main body was within the respected trend line, a clear weekly break would suggest otherwise.,

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Descending channel, expecting a small retracement upwards to the trendline and to shoot down

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Potential position to add in after the retracement to target

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Still, in its bullish momentum, 100 pips gain from my last analysis expecting a pullback and continuation to my target

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Short

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USDCHF Respecting the trendline I can see this pair flying up to 0.91000 Although in the long term I can see it trading lower I can see the 0.91000 being hit first!

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EURGBP After smashing past the daily support level , I expect this pair to trade below the support making it the new resistance. EURGBP is a ranging pair, it only moves 50-80 pips a day, so hoping for a big pip gain on a trade is not ideal for this pair, more so swing trading is the style to adopt.

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USDJPY We saw this pair break a Daily trendline Due a correction back to the trend line and past Bias is short

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GBPUSD - Ranging After an 80 pip bounce off the trendline seen on Friday, I expect this pair to do the same this week commencing. However, a clear break of the trendline can see the grey box highlighted my area of support to then continue its bullish momentum For now, I am going to trade off the trend line

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£$

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Double Bottom Brexit solved can we see and upward movement in the GN cross pair

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Nice set up