ThomasSelby

ThomasSelby

GBPUSD looking positive. 1. Breakout of Regression Channel 2. 60 min and 4hr 10/20 EMA positive with both bands now green replicated in MACDs. 3. Price extended to BULL B4 which is 125% normal daily range and 50% weekly range. 3. Price above 50, 100, 200 Daily EMAs G, O, R. a. Limited extension now for rest of day although still marginally possible. b. Pullback...

ThomasSelby Updated 

SMALL, MEDIUM or LARGE ?? PRICE had the breakout from the longer term daily downtrend channel and is naturally a little nervous to continue. It’s had a good run from 20th December 2021 and the FIBS are taken from that date. To continue GBP needs to encourage more BUYERS and to do that, it needs to offer a discount but how much is it willing to offer. The...

ThomasSelby Updated 

s3.tradingview.com Where’s it going ? . . . I’ve no idea until it does go is the answer to that one. I have no bias . . . MONEY>GAIN>PROFIT . . . I follow the MONEY and it’s all there in the PRICE action to see. Nothing fancy, keep it simple and don’t over think things. Markers are all there on the chart and there’s nothing much above to shake it’s resilience to...

ThomasSelby Updated 

I can hear people screaming “SELL, SELL” at the moment and they’d be right but the question is WHY ? On the daily chart, it’s only too clear PRICE has hit a wall at the confluence of the 100/200EMAs, the 23% FIB from the March 2020 lows, the upper channel of the regression channel (RC) and within spitting distance of touching the upper resistance band in green...

ThomasSelby

Statistically Indices go up . . . pull backs and corrections should always be considered as potential BUYING opportunities. However . . . never look a gift horse in the mouth and if analysis dictates a confirmed SELL then SELL. Here's my latest chart of the hourly which I updated yesterday. Beware static charts are relevant at the time of posting but...

ThomasSelby Updated 

I may be a little foolhardy putting this chart up with CBs out in force this week, Omicron grabbing the headlines and the end of year fast approaching. FTSE100 . . . the laggard index. EMAs: Black = 10 RED = 20 BLUE = 100 Fuchsia - 200 The GREEN and ORANGE are the daily 100 and 200 EMAs . . . always good to keep an eye on them. MACD: A repetition of above...

ThomasSelby Updated 

Main chart 4hr. Layered time frame analysis using the 4hr, 1hr and 15m aligning Primary, Major, Minor trends. Black and Red lines are the 10 and 20 EMAs of that chart time frame. The Blue and Fuchsia lines are the 10 and 20 EMAs of the time frame higher with the 4hr plotting the daily counts including the 100 and 200 DEMAs. The MACDs are a duplicate of...