MDAminFx1422

MDAminFx1422

Bullish bounce from vwap, no trend - market is ranging. Targets at around day high/ top of range

MDAminFx1422

Candles are closing below support, price has trended downwards. I think it can fall a bit further

MDAminFx1422

With this down-trending channel in BTC, I think shorting opportunities can be found from resistance levels and MAs. For example, it looks to be failing to hold 545xxx price region, bear targets can become the support trendline again if it carries on moving away from that resistance level.

MDAminFx1422

A bearish pennant can be made out for GJ whilst a descending triangle can also be made for GU, there will also be volume coming in from Frankfurt and London openings so I think the outcome is a bearish breakout

MDAminFx1422

FTSE structure today was range-bound. Some bear candles can be made out, affirming a downtrend in the lower timeframes. I think we may see it pulling back towards the bottom of the range, potentially the trendline. The pound seems to be up, with room to continue to test the top of a resistance trendline.

MDAminFx1422

FTSE100 shows bullish penant breakout, retest and a breach of a key resistance-level on the 4hr timeframe, GJ has made lower highs and lower lows in the small timeframes, might this signal a weakness in the pound for the coming week?