On this analysis i'm looking to short USDJPY. After earlier today the pair broke a previous level of 107.000, Looking for the Fib level around 618. At this level will hopefully see the market slowing down. As previous support becomes resistance. This should also fall in line with the hour Bearish trend and Price rejecting the 50EMA, which is currently living...
Day time frame. After a previous 4th bounce of the Support of 1.6500 level. A nice trend seems to be gaining traction. It's found a lovely glass roof at the 1.7100 area. Waiting for a retest of Significant level of 1.7000 level and enter. If trade goes love and breaks Weekly trend line, may be worth a re enter for the same TP. Of course always use your own R:R...
Looking at holding a long position after Inverse Head & Shoulders, look for the retest of respected level of 109.00. Then following to new high of around 110.500. SL approx 108:473 Please follow your own Risk to suit account R:R 2:93 Trade Active
Looking for some good new to come from Brexit talks. Trend continuation, awaiting entry Around .236 Fib level added with resistance turning into support to the left. This level should be helped by respected level of 1.26500 SL 1.2550 TP around -.50 Fib level Good RR, please use own RR GOOD LUCK
Looking at the NZDUSD for a Bullish move upwards 2nd bounce off major support of the 6.3000 level. Fingers crossed nice 2:1 RR. Again this is still new to me and finding my feet. Please leave feedback if you have any other views. If you enter please use own RR.
Be Gentle, This is my first analysis, and i'm still learning forex and everything that evolves around it. Any advice that can be given will be gratfully received. Looking at long position with a nice Bullish trend and major level been broken. Looks like major levels are respected. Also used Fib to confirm levels. This is were is where I got my R:R from. If...