lukeyp23

lukeyp23

we have see a huge sell of during the last 2 weeks as news begins to lay of covid19 I believe buys will proceed to push higher hope everyone has a great trading week.

lukeyp23

time to make some money

lukeyp23

enter with confidence

lukeyp23

this is a trade down to the resent retest of a 4 month trend line and due to the bullish correction that's happened I believe once we clear this recent low we are ready to start heading up towards the 1.11 level after a very bearish run so my entry would be a buy stop at 1.09315 just to confirm this reverse in trends

lukeyp23

as we see that its a perfect head and shoulders, also a trend line just above with a perfect fib retracment this could be a possible 100 pip move and it's the time of the year were the pound begins to weaken. so a very good trade for a such a low risk set up.

lukeyp23

another push up with a strong pound

lukeyp23

rejecting the 0.68fib level with a weak euro coming into play.

lukeyp23

coming in to the September month historically we see a major weakness in the euro so I believe with it being in such a strong position its time to have a nice sell off from here.

lukeyp23

Seeing the way the market has fell to the .68 fibbonaci level just before the end of the weekend, I think we will see a higher push next week with people taking long positions as this is a key level of support.