Frederic

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Markets Allocation
33 % forex 33 % indices 33 % stocks
Top Mentioned Symbols
CAC 33% | 1 ING 33% | 1 GBPUSD 33% | 1
Frederic Frederic GBPUSD, D, Long ,
GBPUSD: GBP/USD: still bullish
43 0 0
GBPUSD, D Long
GBP/USD: still bullish

I see no reason why the trend shouldn't continue, it's still above the 50 day EMA and I can't spot any reversal patterns. I would put in a tight stop loss just in case. You could also go short till about 1.6883 which should take around two weeks. After that you can go long with a stop loss at around 1,688 just in case the trend doesn't continue and a profit call ...

Frederic Frederic ING, W, Long ,
ING: ING: Long term trend after correction
18 0 0
ING, W Long
ING: Long term trend after correction

The stock had a good run, but now it doesn't seem to be able to break trough the resistance of 14.61, but I think that after a correction, it should continue its uptrend. If history is an indicator, this should be a nice stable trend lasting around year. I don't think that it will completely follow the pattern, it might also be a bit less steep like in 2010-2011.

Frederic Frederic CAC, D,
CAC: CAC40: Correction over?
90 2 1
CAC, D
CAC40: Correction over?

Yesterday the index broke through it's 50 day EMA, however because of independence day it opened lower this morning, so it will be interesting to see how index will open next Monday to see if the CAC has really broken through the resistance. If so I'm going long, and I will target 4550. Please share your opinion in the comment section.

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