Eddied01

Eddied01

Gold still long above $1400. A retest of the breakout trendline then back up

Eddied01

Currently on a knife's edge. The week ahead will determine the direction for the next month

Eddied01

The pound is still very weak and the down trend is not done yet

Eddied01

Long above $1400 We could see a retest of the breakout trendline

Eddied01

Break above 1.13 should be bullish, A break below 1.11 and 1.10 will come into play. I am sitting out on this pair until the direction is clear. The ECB could be dovish tomorrow and the break below 1.11 will be certain.

Eddied01

Cable is still weak and with the Brexit uncertainty there could be one more leg down A break above 1.275 can be seen as bullish

Eddied01

They way i see it there is more downside to come. The corrective price action should be done between 1.355 to 1.365.

Eddied01

The corrective price action should be done between current levels at 1.315 to 1.32 before the down trend continues

Eddied01

Quick retrace before the pair could continue up.

Eddied01

We could see a slight retrace before it heads up to $1480 A more aggressive retrace could go down to $1375 which would be a great position to go long from.

Eddied01

We could see a retrace in the next week before the down trend continues. The retrace should give a good opportunity to go short again.

Eddied01

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Eddied01

Potential break up with a relieve rally for GBPUSD ? SL 1.246

Eddied01

We could potentially see a bullish run into the FED meeting which is end of July. I am long with a SL at 1.117

Eddied01

There is a good probability that the $ will be sold off going into a FED meeting with a high likelihood of a rate cut

Eddied01

We should see consolidation or a slight retrace to $1375 - $1380 before it runs to $1550. I currently still see this as part of the longer term correction before it heads to $2000+ A weekly close above $1600 will get me to consider that the correction was completed at $1040

Eddied01

Short below 13.4

Eddied01

Long above 1.264 , break below 1.26 invalidates