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We last bought this in October for 920 to say we got out too early is an understatement. Since then we have been waiting to get back in and never had the opportunity, the current pullback looks pretty good:- unfolding in 3 clear waves against a recent new high. Divergence at the blue (3) top adds to the case suggesting that the move higher had lost momentum ...
CAD has been lagging its two brothers the AUD and the NZD but that will not continue indefinitely. Where two go the third will always follow, we are in the midst of a significant move, indices up, commodities up and dollar down. These headwinds should blow the CAD higher. This opportunity is quite good, we have a nice 3 wave pullback and will be looking to buy ...
This is the daily chart and it explains why we really want to buy here, since September last year the pair has been in a meandering correction that was completed last week when a new high was registered.
The new move higher counts as a 5 wave advance suggestion an impulsive nature to it, the pink wave count will change as the structure unfolds but most likely ...
This pair and its highly correlated cousins (GBPAUD, EURNZD, GBPNZD) were very profitable towards the end of last year, since then they have been pulling back but the bullish sequence remains intact on the 4 hour and daily time frames.
The target area was not reached in any of the pairs suggesting either one more push or they truncated and the move is over. It ...
This is not an ideal pattern, the treding is clearly bullish and for many months we have been both looking to trade this one and buying it. The current pullback appears to be the start of a C wave higher, if so it will unfold in 5 waves matching the A leg. However the buying area goes beyond the invalidation line for their particular wave count. A break of the ...
the daily shows the stong upward trend that the Euro has been following for a number of months and has been used to generate the target. The Hourly shows the clear three wave pullback we are looking to trade, the Fib coincides with the trend line so i may decide to wait for the trendline to be tested before buying. Fundamentals for the euro remain really strong ...
Long AUDUSD, we are bullish commodities and hence by default are bullish commodity currencies. The AUDUSD recently made a new high confirming the bullish sequence. The pair may not make it to our buying area as an improtant trend line lies in the way however the trade does meet all of our criteria and would be a near classic plummer wave pullback.
Look at that price action! Should of dropped hours ago. Asian should drag it down
Greenlines being broken shows me a break of structure. Trade the pullback. Weekly charts also match up. NZDUSD also an option but sticking with the ozzie
EURUSD - Mark out the 1.1820 level. Its the monthly open. Its proving a strong resistance. a clean break of it it and we will see 1.20
Monthly/Weekly opens are an excellent source of entry's/buying and selling zones. I have them marked out on every major pair
Inline with my bearish £ outlook
Nikkei EURJPY turning lower. Gold will bounce off 1280. High Risk, double bottom, extended 3rd leg. Entry will be key
GBPJPY - Will either rise a break the previous highs then drop or play the weekend rise. Where it will rise above the opening.. consolidate. If this happens we won't wait and short it during the Asia session
GBPUSD - Cable has a nice zone which was strong 3/4 times as a support, broke through once and now retesting. Potential to short straight away or wait for the retest.
Long EURNZD the euro crosses are all down a little at the moment and this one offers some potential, the 3 waves down is not as clear as i would like but the NZD has been the weakest currency for a few weeks and the prospect of taking the Euro against it is really interesting. The daily chart is clearly bullish and likely to head to 1.70 inn the remainder of this ...
Long EURUSD the proposed buy area has an important trendline running through it which may add additional support to the pair. I have traded this pair 4 times since April with a 100% success rate, the impulsive move may have ended and a 3 wave pullback appears to be moving back towards the trendline. A decision needs to be made about when to enter, a large stop ...
Long Gold, after yesterdays trade closed for a small win and the correction continued lower it is the strategy to buy again at the end of the three wave bounce of higher degree. The larger 3 wave bounce is denoted with the green w-x being the middle connector wave. It would appear to be a very good set up and the only issue, is the resurgent USDJPY.