SeanDFX

SeanDFX

As we can see from the 1h time frame, that this particular pair has been bullish for sometime and has created a trend to the upside forming higher highs and higher lows in price action to confirm bullish market sentiment. The reasoning for my short bias is that buying pressure stalled at 75.078 after the initial bounce from the trend line when it formed a higher...

SeanDFX

Ascending channel of the back of a very strong bearish downtrend that held a lot of momentum. I am looking for opportunities to sell this pair in the coming days of next trading week. As we can see from the chart - the ascending channel has been generating some decent upside momentum with higher highs and higher lows, as the buyers stepped back into the market to...

SeanDFX

Next week i will be monitoring the progressing downtrend on the pair GBP/USD. The market sentiment is clearly to the downside with a downtrend developing three touches on the trend line with lower highs and lower lows in price action. I will be looking for the bulls to enter back into the market to drive price to retrace back up to the 1.24 " golden zone " of the...