jasperlawler

Following daily trend lower with confirmation from bearish candle closing below 1220 support Scenario A) play break lower to 1205 Scenario B) Price rebounds for second touch of 1220 before downside resumes to 1205

A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart Scenario B) Follow 4hr trend lower as price breaks below 73

Bearish in line with daily price trend - bullish risks from price holding 1.30 after a BOE rate rise Scenario A) - price breaks rising trendline on 4hr chart to test support Scenario B) - price moves for another test of 1.32 - 50 DMA before resuming decline

Gold in sharp short-term trend Scenario a) A bounce to previous support at 1221 finds resistance Scenario b) More material pullback with new short opportunity around 1235

A bounce to 1.1675, the last 4hr broken support would be a chance to jump on daily bearish trend at a better R:R to target range lows

Scenario A) Gold downtrend resumes from 1248, conservative target of 1241.5 because of possible double bottom on daily chart Scenario B) Daily double bottom is in place and look for long opportunities after a close above 1248

Dollar yen has broken out of its long term triangle pattern- LT resistance near 114.5 Scenario A) 4hr correction ends - trend continues to 113 Scenario B) 4hr correction has further to go - look for new longs near 112

EURUSD price sits right in the middle of the range but daily pin-bar suggests bullishness Scenario A) Daily pin-bar could gain momentum if 1.169 breaks. 1.176 as a ST target Scenario B) Bearish 4hr candle underneath 1.169 suggests downside back towards 1.165

Greene King, ITV and Sports Direct all potentially reversing longer term declines

The British pound remains in a downtrend for now- but appears to be transitioning to a sideways range from 1.305 to 1.335 Fundamentally what Trump says about a US trade deal (GBP negative) matters less than improved chance of a soft Brexit from new UK gov whitepaper (GBP positive) Scenario A) Downtrend pauses -- Price rebounds from 1.305-1.31 support zone to ...

Brent crude had a dramatic 6% daily drop on Wednesday- The break of a long term up-trendline is a likely precursor to more weakness. Scenario A) Price rebounds from 72.50 support back towards 76 resistance. Bearish action resumes from 76 or price continues higher into range Scenario B) Price continues to fall below broken trend line with immediate break of ...

Scenario A) A break of 111 as a continuation of longer term uptrend and breakout of daily triangle pattern. targets 11.40 then 112 Scenario B) False break of 11 followed by close below 4hr up-trendline for move back to 110

Downtrend in EURUSD shifting into sideways range- could resolve either way with potential double bottom Option 1 Wait for larger move higher to short the market in line with the longer term downtrend 1.172 is a S/R pivot and the 61.8% Fib of the drop from June 14 Option 2 Wait for drop back towards possible double bottom support for lower-risk counter-trend ...

Main bearish outlook-- Another break of the long term rising trendline is bearish Shallow rebound from 12610 low on June 19 has ended- setting up re-test and likely break of 12600 Next key support could be 12400 Bullish alternative 12600 level holds, maintaining trading range enrivonment (level is significant because it was resistance after the February sell-off ...

The break below previous support at 1.32 amid a strong downtrend signals lower prices Two possible scenarios after today's vote in UK parliament over Brexit A) former support at 1.32 is resistance and downtrend resumes toward 1.305 B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347

Main bearish argument The bearish engulfing candlestick which engulfs the prior 3 weeks means lower prices to come Entry? Any rebound could be capped at $1290-92, previous support and 50% Fib of cent leg lower Alternative bullish argument A rising trend line connecting the July 17 and Dec 17 lows could be support for a longer term uptrend

Sterling is retracing its daily downtrend, might expect short term 4hr uptrend to end near old support-turned resistance