TECHNICALS:
Reason 1:
- Possible falling wedge forming on the 15/30/60 minute charts
- 2 touches/rejections of upper trendline
- Currently 2 touches however 3rd touch/rejection of lower trendline is occuring as I write this.
Reason 2:
- Bullish RSI divergence 4h/1h/30min/15min charts
Reason 3:
- 3rd touch/rejection of lower trend-line coincides with lower bollinger band limit on 15 minute charts.
FUNDAMENTALS:
- US/China trade war possible escalation, alot of fear surrounding this.
- EU have hit back at the USA with billions in tariffs, set to be launched on Friday 22/06/2018
Appreciate any thoughts, comments. Constructive criticism only please! thanks for reading,
James
Reason 1:
- Possible falling wedge forming on the 15/30/60 minute charts
- 2 touches/rejections of upper trendline
- Currently 2 touches however 3rd touch/rejection of lower trendline is occuring as I write this.
Reason 2:
- Bullish RSI divergence 4h/1h/30min/15min charts
Reason 3:
- 3rd touch/rejection of lower trend-line coincides with lower bollinger band limit on 15 minute charts.
FUNDAMENTALS:
- US/China trade war possible escalation, alot of fear surrounding this.
- EU have hit back at the USA with billions in tariffs, set to be launched on Friday 22/06/2018
Appreciate any thoughts, comments. Constructive criticism only please! thanks for reading,
James
Note
price finding support at 1262Trade active
Trade open.-Entry @ 1262.54
-SL @ 1259 (below 1260 support level + psychological whole number)
Note
Bullish engulfing candlestick just formed, hopefully another move upNote
- Another bullish engulfing candle now seen on 1h chart after close at 12am
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.