Bearish channel Daily pin bar created at daily support entry on 1.097 target 1.139 safe sl@1.08 alternative sl@1.089
Long bias on GBPJPY based on the following 1. daily hammer at monthly support 136.0 with confluence of weekly upward trendline. 2. tweezer bottoms/bullish engulfing at 136.0 on 4hr timeframe 3. at 2hr timeframe inner trendline broken by bullish engulfing. 3. entry @ 136.33 to target 137.42 and 138.16. SL @ 135.22
A possible long position on DAX to retest the broken daily trendline . two possible entry 1. at 11770 2. at 11853 long to 12442. Inverse head and shoulders seen on 4hr and retest of neckline is entry point
Possible BUY setup for EURTRY Due to forseen inverse head and shoulders entry@6.285 target@ 6.69 sl@ 6.22 entry signal needed before entry can be take at support level 6.28
Price currently at monthly support Double bottom seen Rejection of Monthly support falling wedge potential buy target 0.7378
Possible entry but at 17.1 to target 18.0 bearing flag noted on 4 hr time frame. At break of flag signals buy entry
possible short on EURZAR based on current DAILY consolidation between 14.15 and 15.40. Price bouncing of resistance near 14.15. Short to 16.24 entry at 19.79
Possible buy on EURTRY target 6.43. possible inverse head and shoulders visible. daily trendline broken and retested. waiting for confirmation candle stick entry. stop loss below previous 4hr low.
Buy AUDUSD with 0.75 target from 50%fib retracement
Short UJ target 550 pips (104.0) Trend analysis, bearish channel short from 61.8% fib retracement from previous high
sell pound for a 190 pip profit possibility to 1.755
Short possibility on EURAUD due to 1. Failed to close above 1.580 four times 2. Daily head and shoulder pattern evident with current range being the right shoulder at 61% fib retracement
Long term view of pair is a bullish bias up to 1.7550 final target with initial target being 1.7375 Bias based on inverted head and shoulder pattern as well as anticipated retracement of long term bearish pair(daily) to form the third touch of the bearish trendline on daily chart
Going short on GBPJPY with 144.5 target. Confluence on third touch on daily trendline and 61.8% fib retracement from previous daily high
Possible trade opportunity at around 109.7 entry to target 109
selling GBPJPY target 142.6 (about 300 pips potential gain)