RSI Divergence on H4 and oil looks to have given out and will continue to fall. Price action on H1 also indicated bullish exhaustion. Safe to enter short positions here.
Solid support turned resistance here. Safe to short.
Hitting resistance. Short here with a Sell Limit at 0.675
Gold is trading in a descending channel here. A break above will confirm a bullish trend but it fails then we'll head down to make new lows. Keep in mind that on a Daily time frame this is looking more and more like a bull flag so keep your positions small and be prepared for a fast break in either direction. Best of luck!
Long term downtrend remains in play. Price remains below 200EMA and Stochastic crossover points to a move south. I am currently on the sidelines on this pair but leaning towards a bearish move.
After a few days in that "indecision box" as I call it, the price has broken down, retested, failed, and will more than likely continue downwards. Not many people use the 180m chart but I find in quite useful on this pair in conjunction with the 200EMA and as you can see, the price respects the 200EMA quite well. Only thing that could completely derail this...
Double top on H4 and overall bearish pressure. All rallies have been sold into for the last week. Eventual break will be downward in my opinion.
The uptrend has been broken, and seems to have failed the retest. There’s also divergence on the MACD so we should have a sell off pretty soon here.
Yet again, more divergence. GBP has also rallied across the board on simply rumor of an orderly Brexit without an definitive details. This is very much going to be a "buy the rumor, sell the fact" situation.
Divergence strikes again! It's only a matter of time before this corrects. Pulling back and looking at the Daily and Weekly charts, you will also notice it has reached the supply zone. Moreover, MASSIVE bearish pinbar going to close today. GBP has also rallied across the board on simply rumor of an orderly Brexit without an definitive details. This is very much...
Clear MACD divergence here on 30m chart. A sell off should be coming anytime now.