GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, PHOTONSTAR LED GROUP PLC ORD 0.01P, ASIAMET RESOURCES LIMITED COM SHS USD0.01 (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Seem to have broken price range and at the start of wave 5 formation to break through consolidation stage
Wait to see confirmation of completed Retrace possibly as far as 38% FIB level and forming new HH & HL...
10EMA Crossed Up Over 20EMA signalling Bullish Trend.
Price Testing 200EMA ( Could Bounce off and follow downtrend)
Head & Shoulders
Dynamics of a Head & Shoulders pattern is sell position if neckline is broken
Trade can go both ways, wait for the confirmation but also remember that false breakout may occur so wait to see if retrace is confirmed
This is my trade analysis and not to be seen as a signal please do your own homework....:-)
USDCAD seem to form wave 5 final leg emerging from BULL Flag 60 minute chart, will look for false breakdown followed with sharp uptrend to first line of resistance at 1.23660. From here possible ABC corrective move and enter consolidation Chanel stage....