Bulls still buying dips in Cable by Reece Marini

GBPUSD Daily Cable saw heavy selling overnight on the 38.2 fib at 1.55500, this level could be seen as the wave 4 in this recent bear trend. However the 1:1 (Green) has been overba …
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Cable: Bulls looking to put the bears to bed by Reece Marini

GBPUSD Daily The 1:1 (Green) and 23.6 fib that coincide at 1.54250/750 still remains the level of most importance in Cable. As long as the market stays below this level the bears r …
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Gold takes out an important 61.8 fib, now what? by Reece Marini

GOLD H4 Gold has been trading heavily over the last several weeks even after initially finding solid buying interest on the 61.8 Fib at 1198.86. Gold has now taken out a large numb …
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Intraday players selling GOLD, see why? by Reece Marini

GOLD H4 I mentioned yesterday that there were likely a large number of stops sitting just below the 50 Fib at 1216.50, see here. These stops were taken out during the NY session wi …
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GOLD: Smart money selling into 1224.00/25 resistance

GOLD M5 The 1:1 (Light blue) and 38.2 fib that coincided at 1224.00 that I had mentioned in my previous post, has attracted solid selling from intraday players. Some profit taking …
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GOLD: Bears looking to target stops below 1216.50 by Reece Marini

GOLD H4 Medium term bears are looking to target a large number of stops that are likely sitting just below the 50 fib at 1216.50, this support level has seen some buying over the l …
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Trade idea: Sell Aussie at 0.76900 by Reece Marini

AUDUSD H4 The Aussie has continued to sell off since the bears were seen selling into the 1:1 (Light blue) and 38.2 fib at 0.78750/800, momentum has picked up on the downside today …
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Cable: Intraday players still on the bid by Reece Marini

GBPUSD H4 The trend line (Pink) at 1.53400 and the better than expected NFP out of the US capped the recent run higher in Cable. The market will need to see a strong close back abo …
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AUDUSD: Short covering to continue, resistance at 0.78900! by Reece Marini

AUDUSD H4 There was limited follow through on the downside after the Aussie rate was cut by 0.25%, the AUDUSD initially fell 200 pips but the market is now back above levels seen p …
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Dollar index testing major 50 fib at 95.80 by Reece Marini

USDIndex Monthly The Dollar index has so far found some decent selling with the market off over 100 pips since testing the major 50 fib at 95.85. With the USD heavily overbought ac …
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