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Short-selling

GBP/USD Elliott Wave Retracement Short Set UpElliott Wave 4 confirmed at failed break of the 76.4% Fib level. Brexit fears weight down optimism as well as a a key member of the British cabinet provoking a cross party spilt of the ruling Conservatives. CPI data tomorrow is not expected to be highly positive and a poor read should confirm a lower close for Tuesday. There are event risks with the ZEW survey and CPI as mentioned which if positive may boost sterling back to a re-test of the 76.4% Fib level. Advised stop is 15 points above the 76.4% fib level. Advised target short term 50% fib and long term 0% fib. Prices are on the chart.
Short
by Elliot_Myers
DAX at channel resistance and resistance lineHi Traders, DAX today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders. Stop loss I would put at 11,840 (abit higher than the last high to not see DAX stop some trader out and than fall). Thanks for looking! Thiago Duarte @thiagotrader thiago@duarteinvestmentgroup.com
FX:GER30Short
by dcm2020