ForexGrandMaster

ForexGrandMaster

The EURJPY remains bearish and might test the 120.000 level again. Failure at this level would resume the North movement. I will be looking to go LONG at 120.000

ForexGrandMaster

If you would go long, wait for proper breakout (don't fall victim of fakeout). If Buyers fail to break upwards, look to go SHORT up to 1,000

ForexGrandMaster

Might go down to retest 0.94 before going LONG.

ForexGrandMaster

Buyers have tried to break the trendline 3 times but still couldn't . Wait for proper confirmation...If buyer still could not break above the channel then look for SHORT opportunity up to 111.46...A retest of that strong level.

ForexGrandMaster

GBPUSD looking to go long up to 1.500

ForexGrandMaster Updated 

Sell the breakout, then go LONG if price rejects the 61.8% Fibo Level.

ForexGrandMaster

Buy the A- Leg. Target should be at 50% FIbo of the 5th Wave. Apply due diligence.

ForexGrandMaster

If price breaks the weekly Pivot, it goes LONG otherwise it goes all way down to 1.3766 to complete the Gartley on the monthly chart. Exercise patience for the breakout.

ForexGrandMaster

Waves within Waves, Short the 5th wave of the 4th Corrective move trading within the channel up till 61.8% Fibo level at price 0.8965, then Go LONG from this level to breakout the channel resistance 5th wave (impulse) on the Weekly chart. Apply due diligence.

ForexGrandMaster

I made an analysis on this pair about 2 weeks ago using the weekly chart. Price is currently consolidating in a descending channel for the 4th wave (corrective). It bounced at the 38.2 Fibo Level of the 3rd Wave. Price might still correct to the 50% level before heading North for the breakout. Wait for proper breakout of the channel resistance to go North up to 2.54

ForexGrandMaster

GBPCAD making the 4th EW corrective move on the Ascending Price Channel. Price might deep up to 1.920 level which represents 61.8% Fibo of the 3rd Wave. I will continue the SHORT position up to the 50% Fibo Level then Look forward to a LONG position if price fails to break below 1.920 to complete the 5th Impulsive wave.

ForexGrandMaster

Price broke above the trendline in October of 2015 and has since been on the rally. The pair is currently making corrective moves and Price is presently at the 38.2 Fibo level. If price deeps further, it might get to the 50% level before continuing its NORTH journey. I'm looking forward to Buying from 0.97500 level.

ForexGrandMaster

This seems to be a good fall trade for GBPCHF. Look forward to SELL the breakout at 1.411

ForexGrandMaster

The weekly chart shows that USDJPY might be on a heavy SOUTH journey with the Head and Shoulder pattern formed after the bearish engulfing candle last week. We expect a pull back up to 50% Fibo at the 118.900 level. If price bounce from this level, it gives room for a SHORT opportunity with 109.8 as target

ForexGrandMaster

The pullback from EU is expected following the recent rally which is now currently at the 61.8% of the initial 1.1567 high. Price retraced at the 61.8% of the previous high and might do a KYM to test the 1.100 price level. If price breaks below the 1.100 then the trading opportunity would be to SHORT the pair, otherwise, go long from that level to target 1.156

ForexGrandMaster

Go LONG if price breaks the channel Resistance. Conservative target should be 1.600.

ForexGrandMaster

Go long is price breaks channel resistance on H4. Conservative target should be a retest of the 1.600 level.

ForexGrandMaster

Price is ranging within a channel on H4. If price fails to break channel resistance then go SHORT from 2.249 otherwise ride LONG with the uptrend breakout.