Forexforecast
GBP/JPY, Sell Limit potential Daily: Price is trending to the upside, above the 100 and 50 EMA, Price is within a bullish structure leg, and currently sitting on the 50 EMA as support.
Neutral on the forex screener.
4H: Currently below the 50 and 100 EMA's and broken 4H structure to the upside, technically the 4H is bullish until it breaks 4H and d Structure.
1H: Price is below the EMA's and closed down the NFP imbalance candle. ideally, price will retrace to the 1H strong supply to continue the move to the downside.
GJ STILL LONG IN MY EYES !! KEEP WAITINGGJ as per last week is still set up ready to go! - Its been a very slow mover for me , But were getting close to our OB and Imbalance.
Keep sitting on your hands traders before we jump into anything - were wait for a BOS on the lower time frames before we decide entry criteria.
Will update you thru the week!
Lets have a good week and stay Patience
ooo.. and drop me a follow for more ideas and support.
AUDCHF FORCAST - on the weekly chart : the price went under the resistance after breafly breaking it
- on the daily chart : clear selling signal from the last day of the week
- personal opinion : the price will keep on fluctuating until it settles on a down trend
- best move : if you an open selling position hold it , if not wait until we see a confirmation
USDCHF WEEKLY, BROKE 0.9470, TESTING 0.9547, BULLISH?USDCHF Broke double top 0.9470.
Now at critical level above MA 200 Weekly and near Resistance 0.9547, also at median bullish trendline (from November 2020 to September 2022).
Break and hold above 0.9547, open the way to target 0.9639 & 0.9650.
Strongest resistance at 0.9901.
Failure at 0.9547 could push USDCHF lower back to 0.9470.
Below 0.9470 potentially retest 0.9296.
Below 0.9296 potentially retest 0.9091.
NAS 100 market analysisNAS100 daily T.F trade idea and market overview....i will be looking for long opportunities going forward.....