GBPSGD is in lowest prices in year, but price action still suggests there's still a wave 5 down, which will give us a higher (wave3-to-wave5 vs RSI) divergence to signal the reversal.
waiting for the current corrective wave on GBPJPY to unfold, i will be shorting this once a break and pullback occurs confirming that the corrective wave is a triangle pattern (also pennant chart pattern).
shorting FX:GBPUSD trade is waiting for the upcoming US news to strengthen the weak USD. even then the risk of the trade is so small that the initial soft target is already 1:3. i'll be adding more positions in the future if this trades becomes a good trade.
waiting for a good opportunity in GBPAUD
when price breaks and pullback in this area and my fundamental analysis stay the same ill enter a short with a minimum 1:3 ratio on my first soft target area
Fundamentals still intact and with the release of OPEC monthly report strengthens the idea to go long in oil
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
because of some oversupply in oil inventories, reviving of shale oil and increasing drilling activity in US. I expect some downward pressure for crude oil before a raise in price due to OPEC's plan to cut down supply to raise oil prices.
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully...
Here is a possible 5th wave setup on EURGBP on the Daily timeframe, also my fundamental indicators says that EUR is stronger than GBP so I can hope for higher rates in this asset.
*Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
![GBPSGD: [watchlist] GBPSGD](https://s3.tradingview.com/f/fPkcYZIU_mid.png "[watchlist] GBPSGD")
![GBPJPY: [watchlist] GBPJPY](https://s3.tradingview.com/y/YxMO8GwJ_mid.png "[watchlist] GBPJPY")
![GBPUSD: [trade idea] short GBPUSD](https://s3.tradingview.com/o/oJgukyR9_mid.png "[trade idea] short GBPUSD")
![GBPAUD: [watchlist] GBPAUD](https://s3.tradingview.com/d/dFcVcstS_mid.png "[watchlist] GBPAUD")
![DXY: [IDEA] Dollar Index in Flat corrective](https://s3.tradingview.com/l/L27wETAO_mid.png "[IDEA] Dollar Index in Flat corrective")
![CL1!: [Update] Crude Oil Elliottwave Count](https://s3.tradingview.com/1/1Va9RM3L_mid.png "[Update] Crude Oil Elliottwave Count")
