Barc

Broke out of trading range on the downside but today it has gapped up above moving average and right on resistance on trading range, one to watch.

looking good on the trade.


dl.dropboxusercontent.com/u/4899609/barc18thapril2017.png

ive closed my long on this now and expect this to move towards 200 area , this is the target for the trading range break out.


dl.dropboxusercontent.com/u/4899609/barc6thapril2017.png

This is at the bottom of the trading range. ive gone long with a 4 point stop. Risky as trendline broke yesterday but this area has strong support so entering on a first attempt basis with a tight stop for a short term trade.


dl.dropboxusercontent.com/u/4899609/barc4thapril2017.png

due to the sideways move ive ignored the 123 high.

Looks like this has broke out of the cloud support in ichimuku charts.but Barclays is currently in sideways market and should be heading towards the main trendline and bottom of trading range around the 220 mark.If this does break the trading range then this will move to 200.
normally I would go long around 220 mark but since the ichimuku cloud break and a possible 123 high formation , I will hold off.


dl.dropboxusercontent.com/u/4899609/barc...20normal%20chart.PNG


dl.dropboxusercontent.com/u/4899609/barc...h2017%20ichimuku.PNG