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Potential

GBP/JPYI may have identified head and shoulders pattern in this pair, however the Yen has been consistent in gaining strength and is being considered as a 'safe haven' for traders. I do believe that the trend would be very hard to breakthrough the 132. gap even-though the chart shows the breakage of the 131. barrier a few times. If the trend breaks 132.250 only then would I be considering holding the long. However the trend may reverse if bounced off first target to second target point. If also the trend reverses and bounces off target 1 and breakthrough ascending wedge the trend may continue to target 2. Current point: 131.020 Opening point: 131.020 Target point: 132.250 Exit point: n/a
Long
by Exogenous
GBP/USD POTENTIAL ANALYSIS,HARMONICS, PATTERNS, As you can see one of the more complicated analysis where I have targeted where each point may direct themselves. Firstly I just want to say this bearish harmonic pattern has been completed in a smaller scale and failed. Now that I have identified this completion of the potential pattern, I do believe this would cause the breakage of the 130. a solidified barrier that is hard on breaking, however you can see I have identified the first target point which may be looking like a second bottom with the potential wedge to hold its position. This may be a pullback for the set up for longs. If target reached I would be doing another position to long to its next potential destination. Current position: 1.3070 Opening position: 1.3070 Target point: 1.2965 Exit point: 1.3147
Short
by Exogenous
USDCHF Potential BUY Scratch Setup On 1 Hour ChartBy AGI Studies >>> USD downward composed and checked for the red cross Franco against USD , which stores the session down 1.18% on the previous values. Clearly deteriorating technical picture with control media estimated at 0.9612 area. On the upside, however, a polarizing layer further outflows seen at 0.9842 level. The deterioration of the Swiss franc against the US dollar has highlighted the intersection downward moving average 5 days with the moving average 34 days. A brief are concrete possibilities of new descents...
Long
by SunRiseZoneFX
EURUSD Potential Scratch Setup 7/17/2016 1 Hour ChartThe euro fell sharply against the dollar and the safe haven yen late Friday as risk aversion spiked after Turkey’s prime minister said an attempted military coup was under way, anyways on Monday, July 18 markets in Japan will be closed for a national holiday and New Zealand is to release data on consumer price inflation, so we'll be looking forward for something new update if we find we'll update the description... PM me to contribute in this published idea, you can drop us your point of view so that we'll add them as an updates here in the description field. By one of our contributor trader77330 Greets: Nawab, trader77330, ersoytoptas, kiross, denn112 and last but not least BLUE43 Credits: investing.com
by SunRiseZoneFX
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