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EURJPY POTENTIAL SHORT OPPORTUNITY EURJPY POTENTIAL SHORT IF YOU LOOK AT THIS CURRENCY PAIR YOU CAN SEE THAT ON THE LEFT HAND SIDE OF THE 4H CHART THE DATA IS DISPLAYING VERY STRONG SELLER MOMENTUM OCCURRING. WHEN YOU APPLY THAT TO RECENT DATA MOVEMENT YOU CAN SEE THAT THERE WAS A STRONG SELLER PUSH TO THE DOWNSIDE LAST WEEK ON THE 4H CHART AS WELL AS A BREAK OF RECENT STRUCTURE. THIS IS SHOWING THAT THERE IS A HIGHER PROBABLE CHANCE OF THE MARKET CONTINUING TO THE DOWNSIDE. KEEP AN EYE ON THE MOMENTUM OF THIS RE-TEST INTO STRUCTURE. THE RE-TEST WILL GIVE A 75-80% BETTER DISPLAY OF WHAT THE NEXT PROBABLE MOVE COULD BE. MAKE SURE IT CONTINUES TO BE WEAKER THAN THE DROP FROM LAST WEEK. LETS BREAK IT DOWN 1D CHART: *STRONG SELLER MOMENTUM AS WELL AS BEARISH ENGULFING CLOSE ON THIS TIMEFRAME CHART 4H CHART: *ON THIS TIMEFRAME WE SAW A STRONG SELLER REACTION IN RECENT SIGNIFICANT STRUCTURE *STRONG PUSH AS WELL AS OBSTRUCTION OF STRUCTURE ON THE 4H TIMEFRAME CREATING A LOWER LOW 1H CHART: *ON THIS TIMEFRAME YOU CAN UTILIZE THE DATA TO BE ABLE TO GET A BETTER IDEA OF MOMENTUM COMING INTO PLAY BEFORE THE LARGER MOVE HAPPENS *WATCH THIS TIMEFRAME FOR ACCURACY OF ENTRY AS WELL AS RISK/REWARD RATION COMPARISON PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
Short
by JosePips
EURUSD: Is this the long term chart we should focus on?EURUSD has been practically trading sideways since November 2018, with however relative bearish bias since 1W is on Lower Highs (RSI = -40.078, MACD = -0.008, Highs/Lows = -0.0063, B/BP = -0.0113). Our attention is currently expanding on the larger 1M time-frame where the bearish long term sentiment is clearer. STOCH, STOCHRSI, Williams are all oversold, and as seen on the chart the price is currently near a Lower Low and has in fact been trading on the lower band (below median) of the Channel Down. The oversold stochastic state comes as no surprise then. Despite the fact that 1D is a Channel Down (RSI = 38.591, Highs/Lows = -0.0053) we should start shifting our focus towards buying again and although 1W/ 1D still have potential for a Lower Low at 1.1130, we will be targeting 1.1300 and 1.1380 in extension. We shouldn't overlook also the probability of a break-out above the median (but still within the Channel Down), as the pair has been trading so long below it. Don't ignore the fact that the price action for the past couple of months or so, is a balance of power (supply intervention) between the two central banks (the ECB and the Federal Reserve). This is what has been causing the Lower Highs and Lower Lows inside the technical bearish channel. If that channel breaks downwards then we are looking very realistically at a 1M Gap Fill to the January 2017 1.0342 Bottom. See below our previous studies on selling and buying the Highs and Lows of the current Channel Down: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
3
GBPNZD: Buy opportunity on 1D.The pair is trading within a 1D Channel Up (RSI = 52.233, MACD = 0.004, Highs/Lows = 0.0000). The candle sequence is repetitive inside the pattern and that allows us to make the estimate that the price will rebound on that (inner) Higher Low (maybe a near double bottom) towards a new Higher High. TP1 = 1.9600, TP2 = 1.9800. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPUSD POTENTIAL LONG (HIGHER TIMEFRAME VISION) GBPUSD FUTURE UPSIDE POTENTIAL WHEN TAKING A LOOK AT GBPUSD ON THE DAILY AND WEEKLY TIMEFRAME, BASED ON THE MOMENTUM THE MARKET IS SHOWING ME I CANT HELP BUT THINK OF THIS MAKING A MOVE TO THE UPSIDE. THE MARKET IS SITTING AT WEEKLY CYCLE LOWS AS WELL AS A LOW POINT IN THE MARKET. ITS BEEN HAVING LARGER RESTS BY THE BUYERS AND SELLER ALLOWING FOR LARGER RESTS TO THE UPSIDE. RECENT MOVEMENT ON THE 4H AS WELL AS DAILY TIMEFRAME ARE SHOWING HEALTHY BUYER MOMENTUM. KEEP YOUR EYES OUT ON THIS PAIR AND FOR POTENTIAL MOVEMENT TO UPSIDE. WILL BE A LONG PERIOD OF TIME BEFORE POTENTIALLY HITTING TARGET ZONE MARKED ON THE CHART. CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE ANALYSIS
Long
by JosePips