GBPUSD Weekly Outlook 29/10/17We have been respecting the Monthly Trend line.
we have a very bullish flag forming, lots of rejection of price at the 618 fib area on the daily.
The 1.34500 will be the first level that we we may see some rejection
Tekkers
GBPJPY Weekly outlook 29/10/2017We Have tweezer tops at the daily level, we have come back up and rejected the Monthly Key level which also lines up with the 618 fib.
Would like to see a close below the ascending CTL and the a retest to confirm the bearish move. the target would be the 144.171 level
Bullish Flag on the Daily GBPJPYHere are my Thoughts for the coming weeks.
Lots of good Fibonacci confluence, to many levels lining up to be ignored imo.
So to start we have some basic patterns forming
Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support.
The flag could do a, a,b,c,d Harmonic move which does line up with the 1.618 of a fib extension. The 1.27 level of this extension also lines up with the 1.618 of the fib inversion.
looking at the weekly highs and doing some fib retracements we have a 618 and 786 also line up with the 1.618 and 1.27. This general area was a previous are of structure support.
We are also in the Oversold area RSI
Lost yet? for me lots of little bits lining up which is building a strong case to the upside
There are a couple of key levels In Blue which are going to be areas to watch if price moves up.
Of course it could retrace further to the downside.
Good luck and Trade Safe
EURUSD Outlook for the weekWith the EURUSD we saw last week a break below a previous key level on the monthly. The pair has since come back up and found some resistance with this level.
We have what looks like a bearish flag forming.
We have had a 382 retracement, looking at the fib extension and fib inversion we see the 1.27 and 1.618 line up with an area of monthly support. I feel we could see further lows if the pair fails to break and close above the monthly level on the Daily charts
EURJPY Outlook for the week 26/12/16Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all fall in an area of previous structure resistance on the Daily.
We have a possible Bear Cypher forming its C completion at the 121.10 level and the C to D leg of a cypher would see us back up to my weekly Key level.
Will watch on the lower time frames to see what happens and for possible entries
AUDUSD Outlook on the Daily 25/12/16Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time.
As all the Excitement is over now a bit of time to do some Tekkers.
So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach.
We have seen this pair in a very bearish trend for the last few months. Looking at my Key Levels we have come down into a weekly level, this also lines up with the 1.27 level on the Fib Extension and also the 1.618 area of a fib inversion. RSI is down in the oversold area, another sign that this pair could be due a pull back.
Where could the pair move?
WE have had the X to A, A to B and B to C moves of a possible cypher, D Completion would put us up at the 0.76453 level which has acted as a previous level of resistance on the Daily.
If we look at a Fib retracement on the overall move the 382 and 618 levels fall at lots of previous structure.
One to watch on the lower time frames for entries and short term targets.
