FxBrewer

FxBrewer

1. We are already in the position of the weekly resistant area where the last huge reversal was done. There's a huge possibility a pullback should be made for further upward movement. 2. At Britain's current position, market should look for the ranging situation, this pricing is at the best setup for ambiguities to investors. 3. I believe we are seeing an...

FxBrewer

It's quite a good setup. I will watch more closely on this pair. 4h candle is gonna close in red. This will build up momentum for the seller to sell this pair.

FxBrewer

The chart show it all. If any question feel free to comment.

FxBrewer Updated 

Reason: 1. The overall structure was pointing up. 2. 30m 200ma was haven't tested yet. 3.JYP on major pair also hitting the same 61.8 range and it's slowing down.

FxBrewer Updated 

The chart not in structure yet. I'm still looking for a solid structure for this chart to go. Clearly we are at a high price, but there's not highest but only have higher prices in Forex. Currently, I'm looking for a solid pullback and wait for the structure to form. No entering yet....

FxBrewer Updated 

I pretty like this setup. Today is the day or not, I may need confirmation. But the holiday is coming, so I will adjust the TP a lot. (sad face) why holiday.... Haha....

FxBrewer Updated 

Nothing much to say on the chart yet, no comment on it yet. Fundamentally, investors are looking for short for sure... but long still got the possibilities. I'm a full technical trader, so I'm believing the probabilities of the longs are still in the game. Currently, I'm waiting for a clear breakout and a structure to form. A clearer picture is necessary to...

FxBrewer

Overall I'm agreeing with this setup. The timeframe is the details here. My view is still VERY long way to go... I'm not totally into it due to long timeframe & Holidays are coming. I expecting this to take 1 month(or more) to complete... Totally, not my dish. But worth the try and wait... I will update more.

FxBrewer

My view on USDJPY: 1. We are relatively at weekly recent hight point, and there's no way for me to look for a buy with this price. 2. At lower timeframe H4, we are already had a 2 h4 candle closed below the upward trendline. 3. downward channel will be forming soon. (My bias). Overall guys just my opinions, please trade safe.

FxBrewer Updated 

My reason to buy for intraday trade: Still sitting above the trendline in 15m chart. Bearish force still need more momentum to keep it down, a bullish spike is required to trigger the scene. A higher time frame pattern needed to be tested for the bearish confirmation, higher chances to push this pair toward more. No much comment can be made for this time....

FxBrewer Updated 

Reason to short: 1. Price is quite high this few week, it's unsensible to look for buy at this price 2. If price is looking for above, 1.88 should have a deep pullback(Bullish scenario). Bearish scenario is pullback end at 1.882, we are looking downside with target at around 1.87 3. We are still under 200MA in H1 timeframe it's my opinion to say this pair ...