Hello Traders,
we noticed a very clear Head and Shoulder of inversion on the EURGBP.
Trading volumes slightly decreasing also confirm the bullish exhaustion and the bearish scenario becoming more likely. The 0.886 level, which is the neckline of the H&S is now being broken. We would wait a more wide movement to the downside to reduce at minimum the risk of...
This chart shows another shorting opportunity for the Swiss Franc, with respect to the British Pound.
It is a longer trade than the previous one as the timeframe is daily. There are also two different targets and strategies that can be applied, depending on how much time you can wait for the realization of the scenario.
We see a very nice confluence of...
Hello Traders,
we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65.
An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top.
A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This...
Hello Traders and welcome to the first idea of 2021. As usual, the first days and weeks of the year are poor of big movements. However, we noticed this nice signal from XAU.
The trend is bearish and the price fell below the 200 Moving Average daily once again (1841). We also are below the lowest retracement level of the last leg up (1838), which seems just as a...
