IanColeman

IanColeman Updated 

GBP baskey and USD basket have ending wedges. GBPUSD has an Ending Wedge Daily. Multiple timeframes show exhaustion CALLING A LOW ... 82/1 risk against reward

IanColeman

We have a ‘double resistance band’ at 1.5458 this week. With this lining up with the Butterfly formation, it offers a downward bias (from 1.5458) towards 1.4600 I will update if/when the trade is triggered and if we get the TL scalp set up for initiation

IanColeman

Cypher pattern completion at bespoke resistance has resulted in a short USDCHF trade. We are looking for a move down to 0.9400 offering a nice risk set up with a stop above the swing high It should also be note that the swing trades was also accompanied by our scalp set up

IanColeman

A bullish Crab will complete between 0.7489 and 0.7476. We have two bespoke support levels. With the 2nd support located @ 0.7489, this is the prime level for a reversal.

01:07

IanColeman

Using correlation betwen DXY and EURUSD, I see further upside pressure in the EURUSD before sellers return.

IanColeman

DXY is in a downward cycyle. This is correlationg to other FX pairs such as EURUSD and GBPUSD (DXY down GBPUSD and EURUSD up). 100.90-70 prime support (long opportunity)

IanColeman

The EURO basket hit resistance (Bat formation) while EUR/USD hit my bespoke resistance at 1.1278. The USD basket looks to have completed 5 bearish waves so banking on an upward correction soon (in the USD). Already taken some off but looking to 1.1190 for the balance

IanColeman

GBPUSD – The worm has turned There has been no good news for GBP this morning with Brexit negotiations dragging on into this week. There is a glimmer of hope that there may be a deal on the fishing dispute before the end of the day, but I think that will give little respite to the GBPUSD selloff This pair has had a ‘double whammy’ effect with the USD being bought...