Hello friends According to the W timeframe, against the 4 previous D timeframe candles and the chart behavior, I predict that this symbol going for falling after touch the channel roof zone!
Hi all, Looking for a short in the area denoted by the purple box. I will be setting my stop just above the high of the wick of the green candle also in the purple box. We can see that there has previously been a strong price response to this area and price has yet to return to it - this increases the odds in on favour. We also have the fundamentals in our...
Pound broke the support level, now become resistance. Before it could go up, a sell pull back right at the support level is right idea. Daily Timeframe analysis shows that GBP_JPY is still on leg4. This week is a very good trade as there is a two trade set-up for GBP_JPY. One is short trade and another which is bigger move buy trade going up.
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GBPJPY is breaking out of a wedge to the upside with a possible target in the 159 area which also coincides with the 78.6 fib level to complete a bearish Gartley where the pair should reverse. It makes sense that any upside in GBP would be limited given the upcoming Brexit vote is just around the corner. My analysis is for informational purposes only and...
One to watch of the next couple of days to see if this comes into play... - Textbook head and shoulders formation, lets see if this one can break the neckline, if so trade the breakout.
She can rise and shine :p...... Buy @ market 158.40 SL @ 156.40 TP @ 161
Looks like a continued short in the channel to around 152. At this point think you can expect some type of bounce and retracement of the larger move. Possibly to the 156 level.
Going short in this pair. Shorts are still viable at this time. The pair looks very negative. As well JPY has been the strongest performer.
Monthly downside momentum broken Price currently at price levels where counter trend longs are better probability Need evidence of buying on smaller time frames first though. Also, profit potential for longs capped by recently created monthly SZ above price