GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21
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
Day Trade - Channel Reversal
Bounce off Channel Low - Looking to go long up to 1.7200 area (two targets)
Entry at 1.6225
Stop at 1.6185
TP 1 at 1.7200 (1:19) Risk Reward
TP 2 at 1.6680 (1:8)
With AUD looking bearish on all pairs today and GBP gaining strength with fairly good data - Could be a fast moving trade.
Daily Trade using weekly Open for Stop Loss.
Weekly Doji at Support - Looking to go long up to 1.5500
Entry at 1.48000
Stop at 1.47500
TP at 1.55000
Risk Reward of 1:8
Target is 1.55 due to where market gapped previously
4hour Long trade from daily support.
Market has broken through resistance, it is now support.
If at 2am GMT this candle stays bullish , I am trading it under the low for a 1:4 Risk / Reward Ratio.
I was initially taken out trading the previous train tracks (highlighted with arrows. as would be the equivalent of a nice Bullish candle on the 8 hour.) however I'm ...
USD CAD at support - if high of doji is broken during US Session then targeting 1.3500
Based on Higher high created on 8th Feb and Inverse Head and Shoulders created. (Between 26th Jan and today)
GBP is proving strong even after slightly lower CPI. Strong dollar news of PPI and Yellen could not get it to close lower than 1.2460. Recent close of the last 4 x 4 hour candles were higher than the previous low from 10th Feb and a new high was created at 6am this morning.
Weekly candles are bullish suggesting a double bottom was created.
Squeeze pattern ...