Get started

Joejenkins

Weekly Outlook 31st Dec - 4th Jan - EUR/USDIm currently in a short sell from the current zone at the 1.14500 level entry was at 1.14600 my Target is 1.13800 The reason Is this has the highest probability of being hit. After this area we have got a demand zone which has been used twice already, potentially this could now fail and see prices push to the lower zone on the daily at the 1.12100 level. I will watch and see how price moved at the 1.13500 level as we could see price try one last move up before a further drop
by Wonour
Weekly Outlook 31st December - 4th Jan - USD/JPY Having a look a the bigger picture on the 4hr and daily I have closed the Long Trade I had. Looking at the Daily there potentially is a further drop of around 50 pips before we could see price rally up. When price last tested the 109.800 level price had a larger 475 pip move to the upside. This zone was rejected instantly the first time it was tested and due to this it does offer the best area to get long. I have highlighted the 112.200 level as a first target as this is where price could see some resistance. On the 4hr you will see that there was some sideways movement before the drop from this area. I will set an order 5 pips before the the zone and stops will be 5 pips after.
by Wonour