tom.bloomfield

tom.bloomfield

Sliding parallel looks ready to break. GBP/USD also sitting on a sliding parallel. Expect this sliding parallel to break if sterling gets some lift.

tom.bloomfield

Difficult one to call recently but favour the downside around here.

tom.bloomfield

Stepping down in the fork. Two targets in mind.

tom.bloomfield

Resistance off lower parallel

tom.bloomfield

Possible positive divergence at lower parallel. If it breaks through, expect a retest.

tom.bloomfield

Cable tracking the downfork nicely, but some positive divergence in the making

tom.bloomfield

Median line looks like a good target.

tom.bloomfield

Measured move projects to sliding parallel below

tom.bloomfield

Works well with the slope. Too slow on spotting it at the lower parallel but would expect a move higher to lower quartile or median line.

tom.bloomfield

All within a bullish Daily/Weekly fork

tom.bloomfield

"Modest growth slightly ahead of GDP. Optimistic for the remainder of the year as we have little international exposure." (Chemical Products) - ISM manufacturing PMI APD has solid P/E ratio > industry & sector average. Will hopefully be good stock in the next few months for a long (weak) bias to US equities.

tom.bloomfield

Still sticking to uptrending pitchfork, still looking bullish.

tom.bloomfield

Now at lower parallel of uptrending daily pitchfork. Also at lower quartile of downtrending fork. Stop loss calculated using 9month ATR, target at median line for 3:3 risk-reward.

tom.bloomfield

Watching this level. A decent reaction here could provide some shorter term trades IF one is ok taking a long in a downtrending fork.

tom.bloomfield

Downtrending pitchfork with a H&S formation to trigger entry after reaction off upper quartile.

tom.bloomfield

confluence of pitchfork sliding parallel + hourly order block

tom.bloomfield

Watching this pitchfork, could offer good R:R for a long. Below this area, next place I'd watch is the lower parallel.

tom.bloomfield

Sitting at lower parallel of red fork, though it is possible we have fallen our of the blue fork - which means more potential downside.