GBPJPY SHORT ANALYSIS ------------------------------------ - GJ looks to be going lower due to this wedge breakout. As previous posted I had long analysis but the market didnt agree. Targets are fresh demand (135.750) and (129.870) ----------------------------------------------------- ENTRY: 141.168 TAKE PROFIT: 135.750 STOP LOSS:...
EURCAD LONG ANALYSIS ---------------------------------------------------------- - EURCAD came down for an inverse HnS pattern at 1.474 support and could be going bullish from here higher highs and lows with the 5th wave underway. We could possibly see another drop till demand (1.48000) before rallying...
EURAUD LONG ANALYSIS ---------------------------------------------------- - EA broke out of its channel only to find support at the 618 fib, we could see some further bullish action with bullish div forming on lower tfs. or we could see this thing take a mean tumble to test 1.44 and lower. ------------------------------------------------------ ENTRY:...
USDCHF SHORT ANALYSIS ---------------------------------------------------------- - UC pulled back to test the 618 fib and broke out of trendline which closed under my MA's. if dollar weakness continues we could see test of 0.784ish to 0.75086ish. --------------------------------------------------------- UNDECIDED ABOUT...
USDJPY SHORT ANALYSIS MONTHLY CHART ---------------------------------------------- - USDJPY should be coming down due to this DXY weakness - Break and close of monthly MA's - 618 fib retrace in a descending channel - Possible 80.00 test --------------------------------------------- FOLLOW US @BMTRADINGGROUP ON INSTAGRAM!
`USDCAD SHORT ANALYSIS ---------------------------------------------- - USDCAD MONTHLY CHART BROKE THROUGH AND CLOSED UNDER MA'S - HEAD AND SHOULDERS PATTERN - LOOKS TO BE IN A CORRECTIVE PHASE - LONG TERM DESCENDING CHANNEL ----------------------------------------------- FOLLOW US @BMTRADINGGROUP ON INSTAGRAM
NZDUSD LONG ANALYSIS -------------------------------------------------------- - NU is making higher highs and higher lows with a break and close above my monthly MA's and we could see a monthly res test of 0.79851 - 0.8000ish which would also complete a head and shoulders pattern. If dxy keeps it weakness going, we should see this test ultimate...
AUDUSD LONG ANALYSIS ------------------------------------------- - AU is trying to break weekly resistance around 81ish and if it does we can see further rally to test 93 and beyond. hidden bull div on 4h and 8hr could really push this thing up ------------------------------------------ ENTRY: 0.82055 TAKE PROFIT: 0.93530 STOP LOSS:...
GBPUSD LONG ANALYSIS ----------------------------------- - GU found support at the 618 fib (1.2853) also creating bullish divergence on 4h, 8h and will be going long once trend breaks above 4h moving average with a target of 1.3229 -------------------------------------- ENTRY: 1.2931 TARGET: 1.3229 STOP LOSS: 1.2842 ------------------------------------ ...
EURJPY SHORT ANALYSIS ------------------------------- - EJ coming down for a c-wave correction to the 618 fib (125.8588) and should continue north to revisit highs. ------------------------------- ENTRY: 129.5637 TARGET: 125.8588 STOP: 131.3581
EURAUD SHORT ANALYSIS ----------------------------------------------------------- - EA is getting rejected around 1.49 resistance and should be coming down lower: lower highs with top bad channel respect. Going short with 1.44 target and a 1.49 stop. 8hr inside bar looks to be forming soon. If we do get stopped, we should be testing 1.50 and 1.52 structure...
FOLLOW @BMTRADING IF YOU WANT SWING TRADING ANALYSIS USING SUPPLY AND DEMAND, HARMONICS E-WAVES ETC
GOLD SHORT ANALYSIS ------------------------------------------------------------------------ - Gold looks to want to complete a head and shoulders pattern around 1260 -If the HnS pattern holds we could see structure lows being tested 1180 then 1126 ------------------------------------------------------------------------ - ENTER ON DAILY CHART UNDER MA'S IF...
EURCAD LONG ANALYSIS ----------------------------------------------------------- - EURCAD will break out of this mini channel on daily and we could see tests of 1.519 then 1.57 and 1.59 ---------------------------------------------------------------------- Patience is key with this trade so enter on the breakout AND CLOSE OF BOTH THE CHANNEL AND...
INVERTED H&S PATTERN COMPLETED WITH A NICE BULLISH ENGULFING CANDLE, LONG TILL 1.49 BUT MAY TAKE PROFIT ALONG THE WAY
STEADY HIGHER LOWS HIDDEN BULL DIV ON LOWER TFS WITH PROJECTIONS STILL 131.5 AS TP
EURJPY MONTHLY VIEW -382 RETRACES ACROSS THE BOARD FOR EJ! COMPLETING WAVE 2 AROUND 134 BEARS SHOULD BRING IT LOWER
AUDUSD SHORT -Aussie seems to be losing steam to the upside reversing at the PRZ which doubles as the 618 fib and a short of this corrective leg might be due. I need a clear BE candle with a LL, LC under MA's in order to short till 0.721-0.716. PIP TARGET: 272 PIPS STOP LOSS: 70 PIPS 3% RR