Opened a short on SPY See chart for details - Down trendline hit, MACD close to crossing, RSI high
Descending Channel top has been touched Moving Average has been touched Bearish Market Conditions CPI Wednesday No longer oversold (RSI)
GPYJPY SHORT RSI 98 MACD Cross Resistance Met (Triple Tested) Short to 140.1 area
Very nice indications of a short -Yearly High Resistance has been hit -Bat Pattern -First shoulder and head for a forming head and shoulders -End of an uptrend -Rally between support and resistance -Weakness in pound from news
both fibs line up for the retracement and the trend is going up STRONG BUY TO YEAR HIGHS
Very strong resistance lines should fall back over next few days Also a goo example of a almost perfect bat pattern! Be aware of GBP news as lots is going on recently!!
Be aware news is very effective on GBP due to conflict with Russia
Very strong resistance line which should rebound the value down 700 pips over next few weeks! Won't be 5 minute profit but is worth a small lot left for a while to build up!
Strong bounce off of resistance looking at 200 pip drop over the week
Break In Resistance looking at possible 100PIP increase next couple days
Clear Head And Shoulders on Day Chart Looking at 120+ Pip fall to next support zone
Resistance and a head and shoulders should see a fall to a previous support line looking at a 140+ Pip fall within the week
All indicators are demonstrated on graph! 600+ Pip possible raise in a week or two