Still short Sentiment here. Interesting spike on the hourly chart here. 57% of IG clients are Long.
Short idea - downtrend from the crazy spike which reached around 0.95 level. Back down to bottom of 4hr channel. let's see. Touched twice in 2 hours the top supply zone. Trade at own risk, this is not financial advice in any way. Only showing what we are looking at.
.618 Pullback on the daily Trade at your own risk - with proper risk management. Happy trading
Short setting up on GBPJPY - price call out on the chart. Just something we are looking at here within Mayfair. Trade at your own risk, with your own strategy. This is not financial advice in any way. Happy trading!
Just looking at the daily chart towards the end to the week. We have Gann fans from the weekly - highlighted closest areas with blue channel. Price call out is where we think it is heading, maybe a little push-up first at the next demand zone. Trade at your own discretion - this is not financial advice in any way. Just highlighting what we are looking at...
Next key level 1.91095 - retracement support from the crazy spike. Not sure how valid it will be?? Happy for comments and to share ideas. This could be a big trade down, once the Euro finally gives in.
This is getting crazy, the price is way overbought, Fib's bouncing, trend off the weekly and hopefully some negative sentiment for the Euro in 30 mins from time of writing.
Moving from the UK and now living in France, this is a pair that has some impact on the cost of living. 5 years back when €1 was 75p now up around the 90's. Looking at what is happening in Spain, Germany and of course France right now. It is only a matter of time before the Euro reacts. Beyond that, looking at the charts - there was some strong resistance near...
The last 1Hr bar just spiked up to test some previous resistance on the bigger time frames. There's still a gap up to fill. Let's wait and see...
Divergence spotted on 4HR - going for a long shot here, tight stop loss below the low of the spike. be great to get people's comments, thoughts on this pair.
gisanddata.maps.arcgis.com Looking at the cases in the US compared to Europe & of course Asia. The US economy is stronger than currently priced. Panic selling has caused a drop in the USD.
Looking at the channel - two daily wicks down and back up, Fib support and a nice trend within the Pitchfork. Any ideas? be great to get some opinions here...
Nice bounce off-trend, giving a tight stop loss for a decent run down. Helped by a pitchfork trend touch. Please give some comments, would love to hear from others, Bulls & Bears. Enjoy the rest of the week!
Couple of fibs & Major support lines again on daily. Quite a tight stop loss, some divergence on smaller time frames.
The daily bounce off a 200 EMA, a retracement down and back through the .382 Fib. A Cross at the same point touching an upward trendline, followed by some divergence on the indicator.
Looking for divergence in the charts, spotted a long for GBPUSD on the daily timeframe. With a bearish divergence on the 4hr. So waiting to see some pullback first on the market open before a long position, entry above the previous day high. 30 - 50 pips before market will come back down. The overall bias here is bearish - this is a quick little trade.
Looking at the daily setup, the fundamentals and sentiment are a short over the next couple of days. Trend line down into a channel.
Pullback to the .50 4hr chart. Then continuation down to the next fib level painted on the 1hr chart here. Trade at own risk, not financial advice in any way. enjoy the rest of the weekend!