GBP/JPY|HTF Analysis| Sunday, 24 March 2024GBP/JPY
-gbp/jpy have a demand under the price
-and also IMB and LQ
-If the price mitigate our demand don't enter without confirmations
Currnecy
EUR/USD Daily Chart Analysis For Week of April 14, 2023Technical Analysis and Outlook:
The Eurodollar has obsoleted two resistance targets: Mean Res 1.095 and Key Res 1.099, respectively, in the latter part of the trading session this week, aiming for a further upside move to Outer Currency Rally 1.110 and Major Key Res 1.116 for the present is deferred. The current downside target is Mean Sup 1.097 and 1.084.
EUR/USD Daily Chart Analysis For Week of April 7, 2023Technical Analysis and Outlook:
The Eurodollar has obsoleted completed Intermediate Inner Currency Rally of 1.092 target and created a new Mean Res 1.095 to restart pivotal pullback to newly created Mean Sup 1.084 and expand the movement to Mean Sup 1.074 at a later development - Big picture downtrend to Mean Sup 1.050 and Inner Currency Dip of 1.046 is in the process.
EURUSD Rejected on two Resistances. 1.05900 potential rebound.EURUSD rebounded on Support (1) as suggested on our previous analysis (see bottom for chart) and hit the 1.06650 Target.
The rejection took place both on the Falling Resistance and Resistance (1).
Pullback expected and the first Support level is the 0.236 Fibonacci.
Trading Plan:
1. Buy on Fibonacci 0.236.
2. Buy on Support (1).
Targets:
1. 1.06500 (Falling Resistance).
2. 1.06300 (Falling Resistance).
Tips:
1. RSI (4h) turning overbought is an additional reason for this expected pullback.
2. The MA50 (1d) crossed over Support (1). It may offer this time buy presence above it.
Please like, follow and comment!!
Notes:
This is an extension of this trading plan:
How I'm trading GBPJPY this weekHi Purposeful traders! This week on GBPJPY I'm looking for continued buys. She has a great opportunity we may need to set our eyes on. I look forward to knowing what you think about the analysis. Let's chat in the comment section below.
Have we broken the trend ?So i read Andy Constan tweeted his short position on euro yesterday. Before i go in with my money should do my own analysis. Dude is a legend of course but i will have to stick to my rules and do the due diligence.
On weekly chart here. Clearly see the downtrend is broken. Currently back testing the upper line of channel. If we make a new local high i will be very confident that trend has changed.
But it could be a liquidity trap and we are going down in the near future as this EV count suggests so. A WXY in progress.
The Zigzag as W
A leading Diagonal as an A of a zigzag but 5th failed to make a lower low. Truncation in diagonals are more common than impulses.
B was spot on .50 of lowest point of A ( Zigzag Guideline Met)
C of the zigzag was sharp and quick ( Alteration is present)
The X wave as a connector was
A as a Diagonal
B as a WXY
C a 5 wave Impluse to end the Expanded Flat correction very near to 1.618 of A
Y is in progress.
Its looking more like a flat at the moment but we have to see how it unfolds.
RSI at .50 in a downtrend looks good for a short.
MACD is below the Zero line and moving averages are contracted also suggests a good entry.
Bollinger Bands showing price been travelling up and down between median and lower line since june 2021. I think its due for a major expansion soon.
No Investment Advice.
EURAUD Is Going Up! Buy!
Hello,Friends!
EURAUD is bullish right now
And I think that the market conditions are right
For the pair to move up
Therefore, I think it is sensible to go long!
Like and subscribe and comment my ideas if you enjoy them!
AUD/CAD Longs into 9300sLong positions into hourly FTA, took the entry on a triple bottom formation and will remove the risk on the break and re-test of short term trend
AUD Breaking Down- AUDUSD has broken out of its upward channel.
- Shorting opportunity exists down to the lower sloping pitchfork parallel.
GBPUSD - Sitting Above 50% Retracement- Has retraced over 50% of its downswing.
- Momentum needs to be resolved here - currently we in a volatility contraction which needs to play out. Up and Down targets have been set.
Currently short GBPJPYStarting off with a decent RR, broke support retested came of 38% ema to the down side and making lower highes :)
GBP/USD LONG OPPORTUNITYHere we have a long opportunity on 4HR time frame. The market has seemed to come to an end of downwards momentium. If you switch on to the daily time frame you will also see Spinning Tops starting to form.
