GBPJPY | ShortLast week we saw the pound hover around during Monday and Tuesday as investors were waiting for the parliamentary vote to pass. Having a negative outcome lead to the pound taking a tumble (I know I'm stating the obvious)
I am expecting a continued moved down this week breaking through a strong TL (Trendline) which can be seen via the orange line. Coming towards the end of last week, the pound consolidated up to market close giving us a symmetrical triangle. A breakout to the downside of this triangle along with a TL break would make this trade a very good one indeed.
Tl
GBPJPY AnalysisGiven the reaction in equity markets on Thursday and Friday, the potential for risk aversion has started to show. Also we have BoE interest rate decision coming up, a combination of GBP weakness and YEN strength could make this pair an attractive sell as price has currently found support at the 38.2 fib level from the recent sell off. The retest of the broken TL could provide a good entry and for the bearish trend to continue.
Here we are approaching something here. Sleepy Central Banking..While our goverment officals sleeping and doing nothing the price action started a cup and handle rally..
Here we have something.
It is approaching to the target levels..
Can our officers do anything.. ? In past years we all decided they are happy about this thing..
This can be sideway but it didnt.. When past 4 price we got sure that this is a cup and handle rally..
Here all investors are alone in this cruel world.. Central banking sleeps.... So they got paid well..
God bless them with their paycheck.. They made Turkish Lira currency Worst Money In the World..
hallelujah.....
Bullish Trend / H4 / IOTA - Your thoughts?1. We may go to test the H4 TL.
2. Then we will probably hit the Fib 382 from whch we can continue our bullish ride.Just my personal analysis.
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Thoughts?
USDCAD LONG- Monthly M.A. down
- Weekly M.A. down but moving closer together
- Daily M.A. up
Wait for price to bounce from one of the Ascending Trend lines. 61.8% FIB zone preferred.
This play comes in alignment with the Dollar Index.
Only enter this trade from a break of the C.T.L and retest of one of the FIB levels or C.T.L.
*This trade will be invalid if price falls below 1.2500