Start to accumulate short positions. Short retracement coming to completion, note that weekly still show price movement within down channel.
Volume - Decreasing bull volume as the price climbs - Bearish divergence Daily
TDI - Positive up turn, however, TDI not showing strong bull in the weekly chart. Indecisive TDI atm.
CCI - Records subdued bull strength for...
STRONG REJECTION FROM FAILED BULL BREAKOUT. REDUCED CCI STRENGTH / TDI CROSS OVER TO BEAR
CCI - REDUCED BULL STRENGTH
TDI - FLATTENING OF TREND, TILTING DOWN FOR BEAR CONFIRMATION
Recommended Long position building on short leash. Price overdue for correction and RSI is reaching into oversold region for Daily. Price will still need to retest trendline to secure downtrend back into the channel.
CCI - REDUCED BULL STRENGTH
TDI - FLATTENING OF TREND, TILTING UP FOR BULL CONFIRMATION
POTENTIAL DOUBLE TOP FORMATION. TO BUILD SHORT POSITION UNTIL DOUBLE TOP NECKLINE (W1)
CCI - REDUCED BULL STRENGTH
TDI - FLATTENING OF TREND, TILTING DOWN FOR BEAR CONFIRMATION
SL ABOVE PREVIOUS HIGH, TARGET DOUBLE TOP NECKLINE (W1)
BEARISH DIVERGENCE IN VOLUME
POTENTIAL LONG. TO BUILD LONG POSITION IN SMALL LOTS UNTIL BREAKOUT.
CCI - REDUCED BEAR STRENGTH
TDI - NO DEFINED CROSSOVER, CONSOLIDATION
SHORT LEASH, BUILD LONG POSITION
BULLISH DIVERGENCE
RISKY SHORT BUT WORTH THE RISK AS CCI STILL SHOWS BEAR STRENGTH STILL SUBSTANTIAL AND CANDLE HAS OPEN OUT OF THE TRENDLINE.
CCI - > - 100 STRONG BEAR STRENGTH
TDI - BEARISH CROSS
SHORT LEASH, PLACE STOP PREVIOUS HIGH, GOOD RISK TO REWARD
RISKY SHORT BUT WORTH THE RISK AS CGI HAS BEEN HOVERING IN BULLS REGION FOR TOO LONG
CGI - BELOW 100 REDUCED BULL STRENGTH
TDI - CROSSED BEAR
SHORT LEASH, PLACE STOP PREVIOUS HIGH
TARGET EMA 21 AS TARGET
TDI & CCI good bull sloping. However keep a tight SL and we will just focus on 21 EMA as the TP point or the broken bull trendline area. As GBP has been acting crazy lately due to Brexit. We will just aim for a short profit taking
