Good afternoon traders.
AUDUSD come to our focus today. Looking at the chart provided we can see that we’ve made a decline from 0,70300 down into 0.68500. We know from a higher TF perspective that we have been trending up nicely. Gathering the data from CMP we can see that the support structure has held nicely. What I foresee is a push back up into the highs...
GBPJPY
Another setup on the radar!
We can see that the chart displayed shows similar confluence as that of GU. We need to apply ourselves and consider global sentiment when it comes to GJ. The perspective of this is that when GJ drops it suggest to me that gold will rise and tariffs will be issued come Sunday, though a story for another day. To keep it simple we...
GBPUSD
Good morning traders and aren’t we spoilt for choice. It’s been a while since we’ve been in this situation. I want to get straight into it and with recent news suggesting that the UK election is tighter then expected we now have a fresh signal of sellers in the market. The chart presented is a 4H TF and we can see that we’ve pushed up “for no reason” we...
Good afternoon traders!
GBPAUD smacked a lot of people last week with Brexit news suggesting that the Conservative party is well in the lead heading into the December election. It’s trading and a setup can present itself with all rules and confluences and still not work. If you can’t accept that then trading is not for you!
So grasping the monthly closure and to...
