GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
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
Cypher complete on 30m timeframe. The trend is definitely down from here with wave-C in full effect. I expect to look for short positions after a potential bounce from the Cypher PRS. Cheers
Look for massive resistance around this level. This gap fill is 3 years in the making and likely has the attention of a lot of smart money. Notice that this level is confluent with a completed Wave-4 triangle which is a very common pattern for this type of correction. Exciting time to trade! Keep an eye out!
The most probable scenario is continued rally to the top of the channel. This presents an opportunity to take a long position with a SL against the invalidation level of the rally on the lower timeframe. Cheers.
1H Timeframe EW Count: