Gelium

Gelium Updated 

Possible a medium-term consolidation is formed. The news background is very active. But we can look for an opportunity to trade both within the consolidation, and at its breakthrough.

Gelium Updated 

Breakthrough up long-term consolidation on the pound may lead to the formation of an upward trend on the cross.

Gelium Updated 

It is possible to form a short-term consolidation with the most probable breakdown down. The downward movement will close the gap, which was formed on Monday after the elections in France.

Gelium Updated 

Two long-term downward resistance levels may be the target of the current upward movement.

Gelium

NASDAQ reached a long-term and local targets. Index S&P yet can not break up the local resistance level. The probability of fixing profits on NASDAQ is high, which will cause a rollback downward. Perhaps, there will still be some downward model that will open a short position.

Gelium Updated 

A pound for more than 4 days is in the range of less than 100 pips. A range break can be used to open a long position with a target in the 1.3550 area.

Gelium Updated 

Consolidation can be broken both down and up. With a small stop, the profit factor can be good enough for such a small consolidation. Why was the short position opened:

Gelium Updated 

A breakdown of consolidation may lead to the formation of a downtrend with a target in the 0.7780 area.

Gelium Updated 

Correction downwards is possible. The growth rate of the long-term uptrend is falling. The picture will be in the comment.

Gelium Updated 

Short position with a target in the area of the support level.

Gelium Updated 

A small downward "Head and shoulders" model may be formed.

Gelium Updated 

We have a long-term downtrend. For sale, we can use rollbacks up or models to continue the downtrend.

Gelium Updated 

The pound has formed a long-term consolidation. We trade within the consolidation or at its breakdown.

Gelium Updated 

If presidential elections in France are won by supporters of Frexit, euro can open with a gap down, with further movement down to support level.

Gelium Updated 

A model of continuation of the downward trend is forming - a downward consolidation.

Gelium Updated 

It is possible to form the "Head and shoulders" model with a target level in the region of the level of long-term support.

Gelium Updated 

A breakdown of the long-term support level is possible. The target level will be determined by the long-term model.

Gelium Updated 

An apparent decrease in the rate of downward movement or a reversal model can be used to open a long position in the purchase zone with a target in the area of resistance level 1.0906.