Limited coverage lately as @ridethepig is spending more time on calls these days than in my entire career. Trying to get a sense of productivity, expectations and capital structures before making further comments.
On the UK side, the mood is low and with PM Johnson still in ICU it does not look good. All rallies should be sold in cable towards the highs in the range at 1.236x/1.237x. Look to target 1.20xx and 1.15xx extensions at the lows again, invalidation above 1.250x.
The targets come from the same areas as before:
Risk markets are going to struggle as we prepare for a long weekend. Wuhan restrictions were lifted today and will be one to track in the coming weeks, I am expecting another leg lower in Global Equities which will trigger a rush to USD and to shake out all the early dip buyers who are speculating that risk is faded for good and this will be a quick in and out.
Thanks as usual for keeping your support coming with likes, comments, charts, questions and etc!
It is bullish Maybe as the UK session open it will drop but definitely not now Good luck
arianaes
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arianaes
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We are in an upward trend, in my opinion, it cannot be sold at the moment
ARegularGuy
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I ALWAYS ENVY TRADERS LIKE YOU GUYS. THE ABILITY TO COMBINE FUNDAMENTAL ANALYSIS WITH TECHNICAL ANALYSIS IS AMAZING. WITH THE CURRENT SITUATION WITH YOUR GUY'S PM IS SHOWING ITS EFFECT WITH THE POUND PAIRS. IM CURRENTLY SHORTING THE POUND YEN OFF A COMPLETION OF A BEARISH BAT PATTERN AND IT SEEMS TO HAVE MADE ITS SECOND STAB TO THE HIGH; SO IM EXPECTING SOME DROP. GOD FORBID PM BJ PASSES THEN THIS WHOLE ECONOMIC WORLD IS GONNA GET ROCKED. I SAY THIS AS HE WOULD BE THE FIRST WORLD LEADER TO SUCCUMB TO COVID-19 WHICH WILL CAUSE MASS PANIC AND CHAOS IN THE STREETS AND IN THE MARKETS. MY SHORT TERM PATTERN MIGHT TURN INTO A LONG TERM HOLD IF SOME ADVERSE REACTION TAKES EFFECT.