GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
GREATLAND GOLD PLC ORD 0.1P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LOCATION SCIENCES GROUP PLC ORD 0.01P
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
*Price reject at daily demand zone.
*Double bottom form.
Can put a buy limit or look for buy opportunity near the demand zone with a tight stop outside the zone.
Structure broken meaning short EJ?
Bearish bias until the price tests the 20sma. If price break sma20, it will be more bias on shorting this pair.
USD GOOD DATA RECENTLY
GOOD STOCK PERFORMANCE INDICATE STRONG USD
CANDLE BOUNCE ON TREND LINE AND CREATE A PIN BAR
RSI SHOWS HIDDEN DIVERGENCE
LOWER TIME FRAME SHOWS INVERSE HEAD AND SHOULDER
LETS SEE HOW IT WORK OUT.
REASON TO LONG
-USD SHOWING GOOD DATA!
-BOUNCE ON TREND LINE
-RSI SHOW HIDDEN DIVERGENCE
-LOWER TIME FRAME SHOW POSSIBLE INVERSE HEAD AND SHOULDER
LET'S SEE HOW IT PLAY OUT.
Possible trade setup.
Always wait for a Break of trendline and SMA 20.
There are still plenty of room to drop at higher timeframe, however if the candle show momentum and break the trend line, we can entry long with a small target and stop loss.
Welcome to discuss chart with me.
Possible Trade. Patient is key! Wait price to hit the level and let price to tell us where they want to go.
Break sma20 on D1
D1 H&S Pattern
Big Pinbar at Major Resistance Area
Finish at Fib Extension 200
Bearish Engulfing candlestick
Bearish bar break SMA 20 and trend line.
Break minor support