when another people see this pair will going up, but for me, bearish trend still continue until reach fibo extensio 200% . That my prediction !
I believe after get impulse, price always do correction. So then, this my analyze what will happening with GBPJPY later on Monday , May 6, 2019
Let we together push up this price until grab the supply zone
again and again, I believe eurusd keep going down to reach spot C
GBPJPY, where price showed that buyers as the winner, so better , wait price down until 145.062 then take long position
Make simple the way you analyze this USD INDEX. You see price absolutely breakout resistant 98 succesfully , then now it get correction to down . BUT...I believe , price will going up again to reach 104
don't make complicated to analyze this pair. You can see market overall keep push the price to going down and down. So, JUST FOLLOW THE FLOW
I see buyers take commando to doing some correction , they push price , breakout 0.70225 successfully . So then, let we take counter position even AUDUSD still in bearish trend actually. Risk 0.61 % , Reward 1.35%
price was breakdown 0.67864 and for me, I'll be waiting bearish candle confirmation to selling this pair
I believe and really really sure , the price of GBPUSD still get pressure to going down. My reason, because the 3 yellow square, if you connecting all of them, the result is fibo extension 200%. And second reason, perhaps price will reach fibo extension 261.8%.
If you analyze EURUSD using trendline technique, chart is very clear give us explanation that price absolutely breakout trend line 1.11937. And the next journey, of course EURUSD continue down !
You can see, the price breakdown trendline purple 1.11937 which mean, price surely get more pressure going down and down. My prediction, final price down , stop on 1.08195 as 78.6% fibo retracement.
As you see, it very clear, there is pin bar with long wick as code rejection , so then price start to going up. I remain USDJPY already in bullish trend
I would like to re-analyze about GBPUSD . On monthly timeframe, GBPUSD , as you can see forming the bearish butterfly and now price will continue to going down until spot C.
On monthly timeframe, I see the price of GBPUSD will climbing up
USDJPY still have chance to completely down until 102, then after that bullish
I just give idea above about XAUUSD , which for me , we must so patience decide entry. Regards
as you see on weekly timeframe , the more buyer pull up price , so double more seller push hard price going down.