With Sterling Struggling At The 10 Month High, We Should See Slight Relief For The Dollar After A Busy Week. A Double Top Has Formed And The Retest Has Already Taken Place, Confirmation Also Occurs on The 3SMMA With It Starting To Curve And Cross. Looking For A Retracement Back To 1.25 Area Happy Trading Hayden
With the coronation this bank holiday weekend in the UK (that cost us taxpayers 1 billion..) & America in the not so good state we all see the banks in. All My Confluences Are Swaying Towards An Uptrend For GU Even Through The Big News Coming Out Of The Fed This Week. The United Kingdom Would Of Seen A Big Influx Of Tourism This Weekend On The Other Hand Rumours...
If Anyone Could Tell Me If Touching The Top Part Of The Channel 4 Times Is Bullish It Would Be much Appreciated, I Don't Want To Be On the Wrong Side Of It?
I'm At The Stage of Unsure Now, Let's See Over The Next Few Days.
We caught a good move to the upside with sterling becoming strong this week. It has rejected the 1H 4 times now. surely a move down for a few days to possibly catch a good 100 Pips to the downside? let's see?
Head & shoulders Patterned Formed On Gbp/Usd As You Can See We Were In A Bullish Uptrend From Around 13/14th March And Then We Broke The Trendline And Have Been Moving Sideways And Underneath That Trendline For A Couple of Weeks. Last Nights I Noticed A Head & Shoulders Pattern Forming Which Indicates a Bearish Reversal. Only Problem Is The News Coming Out This...