I'll be looking to enter short if EURCAD closes on 4h below 1.4580
Factors: -Long term downward trend line running along with 200 day MA -Short term large spike due to Bremain taking a small lead There seems to be different polls every day stating different things about who's winning, Still undecided about this one...
Current prediction for US Crude Oil 200 SMA (D) break down is looking to be rejected I will wait until the price closes above 40.45 and the 20 SMA on the 4h chart before looking to enter long or another strong close below the 200 SMA (D) before entering short
On the daily chart DAX is in a downwards channel. I'm expecting big resistance where the resistance zone meets the upper downward channel line followed by some temporary support at the 10120 mark before looking to enter in my trade after this has been broken. If the price breaks the upper downward channel line then I will open a long trade.
Although I'm still undecided with whether or not I want to have any GBP cross positions open around the Brexit vote there are still trading ideas to be had. The 200 day MA is moving in line with the upper downward trend line and with the concern regarding brexit I see no reason for the pair to push higher then that. A push below 1.40000 would trigger me to...