It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.
price is at a resistance dating back from October 10th 2010 and a trend line that started feb 25 2016. If price continues to fail to break above this zone we can see price make a correction and begin to go bearish. We also have a bearish divergence on MACD and Momentum.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
A short position I slowly stepping into. I am aware of the possibility of a reverse. The magic T (not drawn on this chart) is telling us cash have been build up and it might go long soon. But I have a feeling there is a bit to be gained here before that happens. This one should be traded carefully. I have a tight 100 pip stop loss and just a minor position in it.
Waiting for rebound from support level. Expecting oil price drop. FTSE going down increases change to GBP to rise
HEAD AND SHOULDERS ! SECOND SHOULDER LOWER THAN THE FIRST ONE AND DOING A RETEST OF THE RESISTANCE ZONE THERE TP WILL BE @1.64700 200 PIPS
if you see any mistake on my charts please let me know and always trade according to your own strategy. Thanks
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