shanetrades1

shanetrades1

Below shows development of previous idea.15 m chart

shanetrades1

61.8 retrace level Double top RSI Divergence Any thoughts ?

shanetrades1

With all the chaos surrounding USD regarding the trade war with China, with has implications to the Yen . Along with ongoing brexit volatility.CHF currency could be seen as a safe haven as a result ,causing bearish moves when it's the quote currency.

shanetrades1 Updated 

After a bullish move from news of a delayed Brexit we see a possible pull back to the 130¥ area which will act as resistance .With Brexit news generally causing bearish moves (when base currency) Look to short at 130¥ area to previous lows

shanetrades1 Updated 

GBP/USD Retest previous low ,conservative stop. TP previous high.

shanetrades1

Potential consolidation after US close , long /short order break out . Long order 118.050 Short order 117.570 Stop loss either side of the small range depending on how conservative or agressive you would like to be.

shanetrades1

Reaching the the 61.8 level after the big gap in the weekend markets,pattern currently forming a rising wedge ,may consolidate around the pivot before falling further. Along with the continuation of trade talks uncertainty i would expect volatility in this pair .

shanetrades1 Updated 

Rising wedge formation peaking at the 50 - 61.8 retrace level to retest the previous low ,Potential double bottom.