GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
GREATLAND GOLD PLC ORD 0.1P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, LOCATION SCIENCES GROUP PLC ORD 0.01P, PREMIER AFRICAN MINERALS LIMITED 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
Descending wedge corresponding with old resistance turned support, gives a good percentage long position and RR.
Long setup in Bitcoin once we have a 25% retracement
After a long bull run in EURUSD, we have now seen what could be a retracement or a turn in momentum. There is a potential huge upside on taking a short position on a retirement in confluence with an old support level turned resistance. Several retracements expected on the way down, which offers new sell opportunities.
Potential setup for a Short in DAX on the daily chart.
Based on a long term down trend, we are waiting for confirmation of the down side to continue and take a short trade. It is a conservative trade, and could be taking on the bounce of down-trendline, however waiting for confirmation should increase odds, but also decrease reward.