The gap we cautioned about on the S&P 500 Index is now filled! Time to get on the bull train? According to the trading plans published in the morning, our aggressive models have closed a positive short trade and are now long, with a trailing stop. For further details on the trading plans, please check at our site. For timely notification of published...
120 pips total 80 from top of second high 40 from the retest of neckline This is the text book M formation/double top, a scalp trade turned swing trade Take note of the psychological resistance level as well The hanging man in London, the drop in NY, retest of neckline and complete the gap fill in Tokyo Beautiful trade Basic candle stick pattern, basic double top...
Short <4.6 Stop 4.8 Target 3.85
Short < 2.49 Stop - 2.64 Target 2.02
It is been observed that the price action covering up the previous gap down and now looking weak at previous support which is now acting as resistance. It is good to short it now with stoploss at 8900
As we approach the EU referendum from BREXIT ANALYSIS", I'm Still Confidence that the effect of this situation will be benefit the EU and GBP. Next week we are approaching for GBP release of news. We are confidence that this is the right time to take positions before the news will come. Have your stop loss when this reco doesn't achieve materiality. MOney Flow...