IML
Potential Short on GBPCAD . Looking for a Swing on GBPCAD. looking to catch the movement to the downside or the trend continuation from 1.69 MONTHLY SUPPORT zone as execution approaches. News during Brexit and the new election process happening this week could dramatically effect all Sterling Pairs. Theresa May will have to step down from office as the new Electoral Party seem to despise . Key zones as TP or reversal zones could be 1.65, 1.63 and 1.62. Fibb levels. No triangles or specific trending apparent at this time.
Potential Short on GBPJPY.Given previous market news , and being that Theresa May brought overall price of Sterling Down with her speech Friday. We can come the conclusion that the current monthly support level will in-fact be respected , and has been. Overall uptrend however we noticed about 150 Pip correction within the last 3 days . 152.8 , 151.4, 150.5 , 150, 3.
GBPJPY ... Scan and Pitchfork ... works just as easily on EURUSDToo many traders see harmonic scans as black or white, trade or no trade, winning trade or losing trade. Exact same with forks. Sometimes, they work off each other. If I catch a scan in a fork, great. But THE BEST forks are often drawn AFTER the scan ... as the scan's swings are very significant, and using them to align a fork will almost always give-up pips after the scan is over.
AUDUSD Bullish Channel and Rejection from BottomAUDUSD Bullish Channel and Rejection from Bottom. For now seems as continues bullish move.
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Disclaimer: Past results do not guarantee future success.
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