We are awaiting a 50 day SMA Retest where after we want a break in the short term trendline indicating a continuation of the long-term downtrend
Bullish breakout on the horizon for GBPJPY as we see a perfect ascending triangle forming
USDCAD Will bounce off strong market structure, retracing at least 38% of the previous trend. My first TP is at 38% there after I'm targeting 61%.
UK100 has started the year off with a bang but has to retrace the market gaps.
Awaiting a trendline break for confirmation. Targeting 161% Fibonacci extension of the previous move.
EURZAR has broken the trendline. I am targeting the 38% Fib retracement level as usual
XAUUSD will be reaching for 1850 soon as we are on a strong resistance turned to support, a bullish pendant is looming indicative of a short term trend continuation
Market will retest previous support turned resistance followed by either a breakout or a continuation
USDZAR has broken the bearish trendline and will look to conform to market structure at the 38% retracement level
EURJPY needs to retrace at least 38.2% , possibly even retest the 200 day MA
Gartley pattern has been completed and the market is losing steam, we have to return to the demand zone to retest.