We've seen a double top and now appear to have sen a higher low and lower high form. Looking to play down from support turned resistance to above the next support level. Very good RR on this trade, however as NFP was on Friday price could chop around on 06/07 August, but for the RR the trade is worthwhile for me.
Bullish bias from the upwards sloping trend line after the higher high being created. Looking to form the lower low around the the upwards sloping trend line and then long up to next key weekly and monthly resistance. This is a good R:R trade for me over a longer term.
Bullish on crude from a double bottom potentially alongside the upwards sloping trend line. Large stop at 159 pips due to the bearish action these last 2 weeks, so giving chance to consolidate slightly before a drive up.
If the downwards sloping trend line is respected I'll wait to see if a bullish or bearish bias is generated and enter accordingly.
At present when not at the charts I've got this short in from two key levels, however due to the UK general election risk is half and if price consolidates or moves slowly i'll take the order out accordingly.
Looking for a rejection of resistance inline with some GBP strength, however lots of fundamentals chopping around so only half risk on this position, or looking to cancel depending on how price plays out