Hello analysts and traders,
We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take.
is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs?
Or are August September going to be safehaven assets?
Quick technicals;
- Channel has formed nicely -
- Bullish GBP and still a strong Yen .
- Awaiting a nice rejection of the supply mid channel or top of the channel.
- Fibonacci - retracement almost at 50% monthly.
- Price on the wider timeframe keeps showing a great wave pattern to the downside.
Fundamentals -
Brexit deal looms and trade deal around the world for the US needs to trigger a large response.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take.
is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs?
Or are August September going to be safehaven assets?
Quick technicals;
- Channel has formed nicely -
- Bullish GBP and still a strong Yen .
- Awaiting a nice rejection of the supply mid channel or top of the channel.
- Fibonacci - retracement almost at 50% monthly.
- Price on the wider timeframe keeps showing a great wave pattern to the downside.
Fundamentals -
Brexit deal looms and trade deal around the world for the US needs to trigger a large response.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
