1. Positive Economic Data in the UK
Recently, there have been signs of resilience in the UK economy, with some key data points supporting the bullish trend. For example:
GDP Growth: The UK economy showed some signs of growth after initial post-Brexit slowdown. Even though growth has been slow, there's been recent evidence of recovery in sectors like services and...
Patience pays off. Price reacted strongly off my 4H support zone and Order Block as well as dynamic support of my 4H trendline, Price then moves bullish, breaking resistance and now officially support
With rising record highs despite underlying economic and political challenges in Germany. I currently see an uptrend in motion for the DAX 40:
1.) Anticipation of lower Interest Rates from the ECB
2.) Strong Performance of leading companies such is Rheinmetall and Siemens and Deutsche Telekom
3.)Historical trends and Patters this time of year
Why did I take this trade. Price respected our trendline channel for sometime on high TFs. However, on the 30 M, we saw a bullish engulfing that changed the manner of the long term trend. Executed trade on 1H and currently in profit
Noticed bearish divergences on the Monthly, Weekly & Daily. Taking a short on US30 also in line with head & shoulder patterns with acceptance that market can change quickly due to fundamentals.
PEPPERSTONE:US30
Gold at the all time highs on: Monthly, Weekly & Daily.
Marked of resistance on the 4H as well as fib levels below for possible buy entries.
Be weary of BOE news coming out today as well as news from the US tomorrow.
NAS is bullish on Monthly, Weekly and Daily. From the Daily chart perspective. Price could come down to the 20,179 range. Waiting to see how price reacts fib levels on 4H and how price reacts on the 1H orderbloock #'#LuxAlgo.
