Very good opportunity to hop on the trend. Resistance becomes support previous High. Bullish on equities. 38.2% fib retracement. Target1 retest of structure T2 127.2% fib extension. 4H 2618 trade double topped with break of structure + retracement. GOOD LUCK
My short-term bias is still bearish. I feel price will fall to at the least close the gap. I'm not confident this is a solid break of this short-term resistance as price has failed to take this level with any real conviction. Price is currently stalling at the 61.8 fib which I mapped out on the 1hr chart for this current retracement. self explanatory
18.07.2017 -> Bullish Pinbar on Daily. Entry: 50% Retracement of Pinbar TP: Weekly High Note: Set to BA on 20.07. Close Trade when Daily Close below Daily EMA5.
Idea: This week I have been working on flipping time on my strategy to see how the time taken to complete a trade is effected. I have been working on reducing my time frame from 4hr charts to 15min charts. Entry will be on a small time frame chart and exit on a larger one. The exit will rely on a time target instead of measuring the previous trend and predicting...
Tracking this exhaustion leg like a hawk as we see inflation continue to cause problems in the UK, especially to companies with a lot of sterling exposure. Not hesitating to pull the trigger at all as the downside is wide open, as soon as we see BOE hike that will be game over... Carney starting to realise the ship has already sailed. GL
Expect a rebound in $EWU
Hi, on this chart, I have drawn, important weekly and daily support marked by green line. Then I have drawn a parallel channel ( almost, a bit modified due to price fulucatations ) which displays the price reaction points. My view is that FTSE would rise, and touch the upper trendline. I have also posted instructions on the chart itself. Thanks.