Market showed a lot of choppiness before London open. This market is bearish at its current state.
EPS released for blue chip stocks like Barclays this week together with others like Microsoft from the US exchanges.
I anticipate a drop to 6840 from cmp.
Hi, my name is Shooter_Forex .
- Pay attention to add GBPCAD.
- Zone D1 a bullish signal appears nice price at hard support ( 1.72000 ).
- Here, you need to follow more because you need to see The market broke the top (at H1, H4) and if you return, a new bullish signal can BUY up.
*** Note areas in order: Demand zone D1, Demand D1 + Demand H4, Demand D1 +...
Weekly - Bearish Reversal Candle
Daily - Resistance @ 143.7 (end of the uptrend)
H4 - Support broken @ 143.35, push lower to Daily Support Level 142.2
H1 - On Retest of Support (now Resistance) @ 143.35.
I will be maintaining two positions, this trade to the H4 Support and another down to 142.2 or some Daily Bullish Price Action.
the daily chart of this market will experience with a very high probability an uptrend in the next few days but at the same time it is better to be vigilant of the change towards the opposite direction of the market
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Not to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally.
Clear unbroken upward trend, therefore buying in over here would not be the worst move.
Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak...
ISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA reached the target in our post of June 1 and turned down, as forecasted. We should see prices trend down to new lows in Intermediate wave 3. If price crosses up 7,265 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
GBPUSD finished a long-term corrective wave "b" and it now entered the early stages of cycle wave "c" up. It its currently tracing minute wave iii. This scenario should elevate its price to a first target at 1.40 in up to 2 months. It it crosses down 1.207, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.