- EUR/USD is currently hovering just above 1.0500 handle - Technically speaking, I believe it will push another 500 pips to the downside once it breaches 2017 lows. - Monthly Order block (2017 low) will most likely be consumed - Possible reversal around 1.0000 Institutional level - Huge liquidity pool under 1.000 handle - expect manipulation
EURJPY looks bearish overall, there are multiple confluence that would make this a valid setup. Clean H/S, Price closed below a TL along with moving averages crossed to the downside. Once price breaks 128.500 Pivot, expect EJ to reach 127.500-127.000 overall great setup with ideal R/R - 60Pips stop loss to gain 170pips. Best of luck!!!
GBPJPY Daily Chart - Looking to go long if price stalls near 61.8 (PRZ) - Monthly key level (140.000) - Weekly TL confluence - 600 Pips from C to D Second Scenario - Bullish ABCD AB: completed BC: completed CD: Valid if price breaks past 140.000 D leg should terminate around 132.500 Have a great weekend!
Potential AB: CD completion, 61.8 fib level rejection multiple times. Risk/Reward = 1/2.61. Use proper Risk management!!
GJ HAS BEEN BEARISH FOR THE PAST FEW DAYS, CURRENTLY HIT 38.2 RECENT SWING H/L. AB=CD PATTERN ON A HIGHER TIME FRAME, ITS PROGRESSING FROM C TO D POINT!!!
GBPJPY is very bullish, major trend line confluence, Its ideal to go long once it breaks and closes above BLUE & RED Trend line drawn from a higher time frame.