naytrades

naytrades

Short if re-test fails to break higher Head for 1.8

naytrades

Price is still below the 1.8000 level and has respected the trendline creating lower highs. I can see price heading to 1.7750. If price breaks and retests 1.7750 the we can potentially see a bearish move to 1.7500

naytrades Updated 

EU has been consolidating at area of resistance. Possible short trade down to 1.1860 which was previous support

naytrades

Price this week has on a daily time frame retraced and bounced perfectly off the 61.8 Fib level. I have entered a long position at 1.7750 however next week I will look to add to this as i do believe that we will head back to 1.8250 then on to 1.84/5 in the next 2 weeks. Keep in mind price may bounce off trend line at 1.8000, which will indicate a short position...

naytrades Updated 

GBP has seen a steady push up against AUD since January. At the moment all signs point up. 1.8 has been breached and tested. Break of 1.825 will see price head to 1.85. I will look to change my bias if trendline is broken at support. On a fundamental outlook April 12th will see the beginning of UK coming out of lockdown

naytrades Updated 

Failed to push above 1.8250 Short to 1.8

naytrades Updated 

Price has spent another week failing to break 1.8000. Can now only solidify a move to the down side. I am going look for another sell entry down to 1.75. Technical Analysis /// Lower Highs & Lower lows /// Rejection of 61.8 fib level /// Rejection of 1.8000 monthly resistance Let me know what you think

naytrades

My Bearish outlook is still strong. This trading week has provided further confluences that price is about to head down. We have a head & shoulders pattern along with a double top formed under the 1.8000 resistance. My 1st TP is 1.775 /// TP2 is 1.75

naytrades Updated 

After failing to break the heavy resistance of 1.8000 I believe price will begin to head back down to test 1.75 in the coming weeks. 1st take profit will be 1.7750 and then 1.75. My prediction is after this fall price will head back to break 1.80

naytrades Updated 

Since the Xmas drama of Brexit the pound has shown strength. I believe the reasons for this strength is partially down to vaccine roll out success and optimism for the post Brexit Britain. Long to 1.82 maybe even return to 1.84/5 level. (Data out tomorrow morning 7:00 GMT) Trade safe!