DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., ISHARES MSCI EMERGING INDEX FUND, DRONE USA, INC, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
RECAP: GBPUSD lower as expected but bottomed 19 pips above strong support at 1.3080/70. An unexpectedly strong bounce beat 1.3260/65 with stops above 1.3290 activated before a high 11 pips from 1.3325/35.
FORECAST: GBPUSD overbought short term so hopefully some initial weakness at the start of this week to allow us to start buying in to longs at 1.3235 & 1.3185, ...
First base formation OVER the 15m 200ma since April 13th. Next higher high could trigger long setup. In anycase I will remain with a feeler or 1/4th position due to big catalyst news due on thursday morning from Bank of England, expecting a shakeout and then real setup there.
Buy - 1.3115
Take Profit - 1.3420
Stop Loss - 1.3000
Overall I am looking for the dollar to drop this week and this bullish Gartley aligns with that idea. Entry is the blue line, stop loss is the red. Since I am looking for a larger move, I am hoping this small-risk entry can get me into a larger term trade. I will move stops to breakeven after a rise equivalent to my risk. Let's see...
Here we see an impulsive move up to start the week, followed by a pullback to the 61.8 Fibonacci level. Watching to see if price respects the blue trendline and continues a move higher. Also watching the red zones which are previous resistance + Fibonacci extension areas for potential take profit targets.
Here we see price moving off of a larger time frame trend support line which is also a 78.6 Fibonacci retracement. If price breaks the green dash trend line, after a retest look to go long, if it fails to make a higher high and continues down, watch for a retest of the larger timeframe trendline or break for a longer term potential break down.
H&S PO: 0.80 area. Approaching support 1.31-2 area
Bull flag continuation PO: 1020
Breaking 2009 lows can lead to 1.30 at least
Worst than last year