Profits
DXY LONG TERM SELL • market reached a major trendline (weekly)
• for the past two days of last week price has been indecisive resulting in two reversal candlestick patterns (drawn and highlighted) which show a slow down in momentum and possible market reversal.
• so i'll be looking to sell the dollar as of now and reach that support level, but we wait and see what the market does next week and then we adapt to whatever it does and seek opportunity.
please do share your opinions and input :)
GBPJPY ANALYSIS on friday market broke a significant bearish trendline both because of technicals (market was bullish for about two weeks) and fundamentals (nfp) so i'll be looking for market to lose a bit of momentum next week which will result in a retest (corrective move) before continuing in it's bullish move my predictions say that market will reach my tp area
YEN BASKET ANALYSIS FOR NEXT WEEKon friday market tanked down because of of nfp and also because of technicals (market was already bearish for 2 weeks) so upcoming week there'll be a slow of momentum resulting in a corrective move (retest of broken trendline) then market will continue in overall direction and i'll be looking for price to reach my take profit level as it was a support level in the past