Forex-pips
We need to wait a little...It's probable that in the actual supply EURUSD wants to accumulate, anyway the zone is very interessant because we have the rebounce of the trend line near of the bullish trend line and the supply in 1.10800 (this is why i believe that before of fall the value could accumulate), in conclusion, and if the news relationeted with the BREXIT don't break too much, EURUSD WILL FALL, after a little accumulation
EURNZDEURNZD. False breakout on this pair and had a really good entry. Would like to see this pair hit shaded area and ultimately keep moving lower. Price has been supported by minor trend line and is making bearish wedge pattern into previous major trend line support. Also 4H engulfing so shorts should not be an option right now. Need price to move higher to looks for major sells.
EUR/JPY long setupTOP DOWN ANALYSIS
WEEKLY TIMEFRAME
It has been an exciting time! we have see quite descending channel showing downtrend for EUR/JPY .But recently we see break of structure in the weekly.showing momentum shifting to the upside and we shall see a good rally to around 123.000 which is our weekly extension level(taarget)
we also see a minor downward counter trend-line being broken. showing more upside potential
DAILY TIMEFRAME
so from the weekly perspective on the daily we see price perfectly respecting the 50% fib level (golden ratio) for retracement.nice retest of the broken resistance(lower structure) now becomes support and coincides with the fib level. all together giving confluence for potential bounce
H4 and H1 TIMEFRAME
we see price respecting the 50% fib level and also support level of the tremendous demand zone. which gives it more confluence for upside
NOTE
Few weeks ago there was tremendous fakeout at price level=121.200 so price broke that level we shall see a move to the upside to potentially 123.000
Target 1-122.500
Target 2-123.000
Happy trading and thanks for your support
AUDJPY.AUDJPY. Weekly forecast. Just need price action here on 1H/4H and I am short. We can almost 100% expect a corrective move as well as breakout to the downside. This is how the market moves. Price made a low, impulsed into 38.2 then corrected, impulsed into 50.0 then corrected, now it has impulsed into 61.8 and we should be looking for shorts.