GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
OILEX LD ORD NPV, 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), EUROPA METALS LTD ORD NPV (DI)
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
Awaiting to see what happens here:
- We could either have a break of the current market structure to the upside roughly around the -1.272 fib retracement of the previous leg to the downside (maybe slightly less due to market structure).
- A break below the CTL and a continuation of the bearish momentum to the downside. We should be looking for a fib extension ...
My outlook on GBP/EUR next move to the downside. SHORT to about 1.0750, could take a month or two for this one to complete but there is about 450-500 pips up for grabs here.
My outlook on AUD/USD for week commencing 06/11/2017 (SHORT).
SHORT to 1.1500 and 1.1450
Obvious reasons why I'm short here... Fibonacci confluences, market structure, fundamentals for both countries at the moment, descending channel.
Just waiting for that retracement to get involved.
CHART ID: 10003
Based off previous structure (support & resistance), a descending channel, Fibonacci confluences, fundamental analysis and psychological analysis (interpreting what other market participants will do).
Chart ID = 10002
Chart ID = 10001
First time analyzing this pair, thought I would post just to share. Please do not use this as advice or confluence for your own trade.
Looking more bullish than bearish although more confirmation is definitely needed before entering this one.