EURGBP - New Long Trend upcoming! - Trade the momentum!Hi Traders!
The market is moving in a range since 21th Octobre.
It was swinging up and down and now up against.
But this time the market is moving with very strong momentum.
There are good chances to make a new longtrend.
We expect the marketa to retest the 'breakout' and to trade along the new trend!
Thanks and good luck :)!
PS: Make sure it isn't a false breakout! Wait for confirmation.
Newtrend
AUDUSD long ideaWeekly T.F: Break of the weekly trend line which predominates for the entries in the short and the confirmation of the possibility of the break of the trend and the new uptrend + 78.6% of fibonacci which confirms slow backward movement.
Daily T.F: Double floor + bullish emas with ema of 21 subtracting in support area 0.715 + 61.8% correlated fibonacci and fibo extension at -61.8% close to a monthly resolution of 0.755
Order
Buy order in 0.71575
Sl: 0.70874
Tp: 0.7439
R: 1: 4
USDCAD DAILYDowntrend broken, this could be the start of a bigger picture bullish trend we have for this pair. Next Supply zone to look out for is the 1.29100 area, where I will look for a break above that zone or a rejection for a pullback to create a higher low, so price can build some momentum & break to the upside!
AAPL looks bearish & could break to downside of 120 Looks bearish here as it has b/o to the downside of the intermediate upward trendline from 4/14'. It also just had an outside bearish engulfing week 2 weeks ago and has been trending lower as it is testing major support lvls. Also has been in a consolidation range for almost all of 15' & can't seem to break out to new highs which this consolidation could actually be distribution. if it breaks thru the next support pivot lvl. at 120.39 which is the .23% Fib ret. lvl. from the 4/14' intermediate trend then it could be headed lower and start a new bearish trend w/ a tgt.#1=115 & then tgt.#2=111.64. Lvls. to watch also are the 200 dma at 120.21 on the daily & 119.22 which the most recent lowest pivot support lvl. As always watch volume for confirmation.