we have a possibility to see higher levels again but this time Im not going to buy the current dip. What I would like to see is move back above 0,9010/15 and then pullback to 0,9000/8980 and thats going to be my entry.
stop under 0,8960
Three targets: 0,91, 0,9165 i 0,9300/50
Looking at a basket of Sterling pairs on a variety of time-frames.
(You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR )
There appears to be some evidence of a bottom shaping on the 4-hour chart.
Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...
There are similarities with Venezuela.
It's look like Trump and Israel doesn't wan't to loose power in middle east.
They are some good projects like:
*new silk road to istanbul
*drilling for oil and gas near Cyprus in the near future
Battle cards tell you truth.
Turkey+Russia+China+Iran have now more power and control in middle east.
Trump + Israel have more...
Perhaps, Merkel has more problems than immigration policies. However, one of the best by far.
You know I like to keep lines and the old projections on the same chart, so this time is not the exception.
Remember, I do not like to trade this asset.
Here's the last idea for DAX.
A strong USD and increasing political instability in Germany are weighing on the Euro.
So long as we remain below 1.1600 and it's key support in the 1.1630 area, bias remains
down and the key test is 1.1520. Below that it's quite a free fall.
Political instability in Germany is assuming increasingly threatening forms, as the current Chancellor Angela Merkel was forced to agree on early elections, rather than form a government in the minority.
Distrust of Merkel began to grow rapidly after the decision to open borders for more than 1 million migrants. In the September elections, a high percentage of...