Selling back into the range Wave of buyers entering the market
Fake breakout to the upside took out stops. Short bias still in play
Retail traders are net short Bullish break higher after fake BOC hawkishness
Breaking higher Net Retail Traders are short Bullish trendline
Trading the channel - Price is rejecting the 2hr trendline. Nice risk reward ratio
Price had a fake break out to the upside. We are now leaning to the downside and fundamental pressure from Italy is hurting the Euro.
Price has broken the 4hr trend line and we have seen a re-test. Time to enter short positions.
Double selling zone - looking for a push lower now
Price has broken its channel - double top re-test Entry should have been at this double top
The Euro has had a tough time with Italy. Price is oversold and looking for a bounce off a key support level
GBPUSD overall, a very bearish pair but we are looking for price to pull back.
Trade what we see - overall bearish direction on the daily chart.
Fib retracement and 2hour bearish trend line in play. During the UK/EU summit this trade is extremely high risk. Fundamentals could well move this out of range.
Trading back into the channel Bearish confluence
My previous CHFJPY was stopped for 1% This pair is like a pressure cooker during global volatility Unless there is a fake break out, this pair has broken free from its bearish trend and is building support.
Trading the channel - Buyers entering the market
2hour trend line broken and re-test CHF benefactor of global risk + UK summit piling pressure onto GBP Great risk / reward setup
Multiple breaks higher and support lines to lean against. High risk trade during the EU/UK summit