I'm tracking GBP/JPY on the 1-hour chart . The pair has been trading within a well-defined ascending channel and is approaching key resistance levels. I’ve plotted Fibonacci levels to watch for potential corrections. Price is hovering around the 61.8% retracement , which is often a significant support zone. Price continues to respect the upward trendline,...
Expecting Euro to reach its 1.01000 price level which might get some selling pressure till 0.98000.
Next stop-1.15000 Trend still heavy bearish on Gbpusd and other Dollar related pairs.
Price has been testing it's supply area for some time and on the chart you can see the explosive move to the downside which took out liquidity (from the buyers) and now we should expect price to run through supply area anytime soon.
EURUSD is back at a weak support level and we don't know if our friendly support is going to support the buyers or help the sellers. :)
Gold recently broke through previous resistance which is now a support for price. We need 3 confirmation before we can go long.(A bullis engulfing candle, cross of the fast ema and slow wma and finally a break from the accummulation zone(Yellow zone).
Gold is in my accumulation zone(yellow) at the moment and when it's full we should get a rally to the 1766 level but if price comes to the danger zone I will close it
Gold recently broke through bearish structure and we didn't get a retest but consolidation. Am going long if price breaks.
This strategy forecast price actual movement for the day. During the opening of the london, smart money start their manipulation before their actual move.