NannePost

NannePost

Major multiple time-frame confluence area could come into play @ start of next week. Weekly Chart. Descending Pitchfork, which held for almost 10 years, tested the back of it last week. Daily Chart Ascending Channel, lower parallel. 12-Hour Chart Horizontal resistance turned support.

NannePost

EUR/GBP just touched ascending slope line and August open, possible trend continuation.

NannePost

Bullish structure below key downslope. Weekly Chart Daily Chart. Daily close above 2019 LDC will validate bullish break out.

NannePost

It looks like EUR/GBP opened the month on slope support. 2-Hour Chart.

NannePost Updated 

@ possible buy area 120-min Chart 30-min Chart

NannePost

Week open lines up with descending slope line. Target - week low @ 1.33333 Stop - 1.3450

NannePost

Slightly adjusted the slope line of descending channel to the actual June High @ .98027. 30-Min Chart Close above 2018 Low and today's opening range high @ .9190, would put the low in (IMHO)

NannePost

Cable is trading within it's 9th consecutive up day and approaching ascending slope resistance, with confluence of Oct 2019 High and 100 % trend extension from May-June Low. If you like to trade the pound, i think EUR/GBP is a better option right now.

NannePost

EUR/GBP is pips away from testing 61.8 retracement of July Range @ .9120. Ascending Schiff Pitchfork lower parallel intersects this region. Possibele Target(s) - 100% trend extension from May low and 100% trend extension from June Low @ .9250 - 2017 High and 2020 HDC @ .9300 Stops accordingly. Daily Chart 12- Hourly Chart

NannePost

USDCHF tested confluence area of down slope support and the Swiss National Bank peg (eur/chf 1.20) removal monthly close. Monthly Chart. Rejection in 2018 and march of this year. 12-Hour Chart Target June Low. 30-min Chart. Testing march low.

NannePost

@ entry point.

NannePost

Cable looks bearish, couldnt close above 2019 open on two attempts. Daily Chart Descending Slope line Weekly Chart

NannePost

Not able to close below 61.8 of July range. Stop - .6900 Target - .7030

NannePost

Bearish divergence (RSI) is forming on a 4-hour chart. Sweep above weekly opening range and clear rejection @ the same slope line for a third time. We need a 4-hourly close below weekly opening range low @ 1.5377 to be sure a top has been formed, before a move towards 2019 Open is ruled out. Weekly-Monthly charts are in link below.

NannePost

Watch out for your long trades. A break will see a test of descending multi year slope line @ 1.1600-1.1650 Weekly Chart

NannePost

Gold just hit the weekly close of the all time high and made decent bearish price action to consider a counter trend trade to 1820$.

NannePost

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NannePost

Cable trades within an ascending Schiff Pitchfork, decent buy area around 1.2600- Week Open.