Eur/Usd currently sitting at a key resistance level which is approximately in line with the 61.8% retracement level. There is still a possible chance of a retest of the trend-line. But at the moment 1.0847 looks like a lower high for this currency pair resulting in my overall bias being bearish
GBP/USD on the monthly time frame as you can see the 5 distinctively large candlesticks are from the 2008 recession where price dropped 6000 pipis in 7 months since then we have been trying to recover. The last 10 months have seen a massive decline in price as US Dollar begins to gain in strength. GBP looks as though it is set to reach 2008 lows of 1.4925 - 1.3948...
Popular Flag pattern occurring here. New higher low has been created signaling that the uptrend is not over. looking to go long to around 1.9400, possibly forming a double top before moving to the downside.
Missed out on this trade stop loss is too big for my personal risk. however trade still gives a 1:2 risk reward ratio
Eur/Jpy has had a massive fall this week prior to non farm payroll news causing it to breakout of the descending channel. Now looking for a possible bullish entry to the 23.6% Fib retracement level (132.32) retesting the resistance level. Awaiting further PA before entering.