GBPCHF has for the last month and a half been trending bullish due to a strong demand price level on the daily chart .Im rather neutral on the future play of the pair i've noticed a bearish flag on the daily and my 20 & 50 ema are ready to cross signaling bearish momentum on the 4 hour time frame . I need further confirmation for a bearish trade. Another...
Technical: Completion of the right shoulder Approaching strong demand price level, we could see a potential pullback or consolidation in lower timeframes -Short Tp:1.16927 Fundamental: -Weak German and Eurozone ZEW economic sentiment indexes. -Inflation and interest rate growth
Technical: -H&S formation right shoulder -Failed to close above 1305 price line -If the Euro continues to fall, hold short on gold post 1268.55 Short 1282 TP:1268.55 Supporting Trade: -USDJPY inverse relationship(Help provide more clarity on golds direction in the coming days) -NZDJPY inverse relationship Post 2016
Looking for a shorting opportunity -Long term trade -Sell Limit @ 46.50 -TP1:44.63 -TP2:42.96 -Reversal might occur @47.30-47.00 -I will update after M.As have crossed for a bearish signal. -look at both fib reversals @ 0.618 price line so i'm expecting a strong bearish continuation after the break.