看空

Bear Flag w/Confirmed Bearish Break - EG

已更新

Here I have EUR/GBP on the Daily Chart!

Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag.
-The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break

Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward!
-Looking for a retest in the ( .8430 - .8435 )

Indicators:
- Price trading Below 200 EMA
- RSI Below 50
- BBTrend Printing Strong Red Bars
- Volume showing Bears accumulating

交易進行

Price has Pulled-Back to not only Retest the Break of the Ascending Channel but also the 23.6% Retracement @ .84243 suggesting the upcoming Trend Move will be Strong!

- RSI Testing the 50
- BBTrend Printing Large Red Bars

Sell Entry @ .8425
SL @ .8440

交易進行

German ZEW Economic Sentiment Results!!

3.6 Actual v. 17.1 Forecast / 19.2 Previous

A disastrous turnout! The expectation in economic improvement is fading and we will begin to see that weakness show in the EUR.

交易結束：達到停損點

EUR has beaten out GBP and pulled price back up and into the Ascending Channel hitting my SL!

交易進行

Price has made a Strong Bearish Break of the Ascending Channel and formed a Valid Lower Low!

-Death Cross appearance above Price with the 200 EMA + DSR

Price Pulled Back and Retested the Break @ .8420

Sell Entry @ .8420
SL @ .8440

交易結束：目標達成

Short Positions Closed! Looking for more opportunities if price tests the Support-Turned-Resistance Zone to continue further down

交易進行

Price came up and tested the Support-Turned-Resistance!

Sell Entry @ .8404
SL @ .8425

交易進行

With the slight uptick for Inflation, BOE decided to HOLD rates @ 5%, feeding GBP with strength making it more favorable to foreign investment!

-Tomorrow @ 1 AM CST, GBP will release Retail Sales!