Sterling is still being moved by Brexit months ago it was reported that a deal would be negotiated by November but it was reported that a decision would only be made next year. Which would make sense as we are in Q4 the time where everyone is slowing down and planning there December holidays. For now COT figures show that Non Commercials added +2k Longs positions...
Entered Short after a few confluences were met on EurUsd all this happens hours before FED Interest Rate Decision. I will be watching this position every hour, a whipsaw could happen. Basically anything could happen. on DXY my technical chart shows 97.50 could be reached and I've been waiting since Mid October for it to happen.
GbpAud as mentioned before is still Bullish. the market is currently retracing. Last week 2 successful positons hit Tp and the week ended with a strong Bullish candle. I believe the market will retrace some more because of Brexit uncertainty. Cot figures released from last week shows that investors/ big boy bankers closed off +8000 short positions and increased...
The Market is currently in an Uptrend on the weekly timeframe. Currently I am trading the retrace of that uptrend on the 4 hour time frame. 1st signal was Pin Bar rejection off the 50fib level the 2nd signal was a smaller pin bar off the moving average. 2 positons got activated 1st position Tp was hit with +87 pips. 2nd position still running. Currently the market...
In the SL area there are multiple Fib levels where the market could turn. Bottom of Yellow Zone 31fib, in the middle 50fib, top of the blue zone we have the 61 fib. All are strong fib levels that could hold price... its possible that gold could reverse down again and stay within the Range its been in for the past 6 weeks. Cot figures for last week shows a decline...
