Eurjpy short analysis, we can expect move after retesting flag zone
zone of interest marked on chart eurgbp analysis 12/05/2022
Area of interest marked on chart. Expecting retracement from weekly level and waiting for 38,2% for big push.
Area of interest marked on chart. AUDCAD currently pushing and i dont see that changing for a while. CONFLUENCES - EMA, RESISTENCE LINE, TRENDLINE, FIBONACCI
Area of interest marked on chart. I will keep looking at price action around marked area and take a sell position when price action shows it. Audusd is currently heading short and i don't see that changing in near future.
GBPCHF TRADE UPDATE (LESS PROBABILITY TRADE) Recent trade i posted got stopped out, however we get a reaction from 78,6% level.
Area of interest marked on chart. We can see that previously we have a break of structure, if we see a retracement from strong daily KL 1.27680 we can put our long LO at 1.26310. CONFLUENCES (if calculated correctly market moves) - 38,2 fib, strong daily kl, strong resistence line. This is safe trade, however take a look at what price action shows monday.
Level of interest market on chart! CONFLUENCES - 61,80 fib, strong resistence level. (LOWER PROBABILITY TRADE)
Level of interest marked on chart. Confluences - TRENDLINE TOUCH, FIB 50%, EMA, STRONG RESISTENCE LINE.
If we see rejection from 1.49200 we can expect retracement to 1,46700 before going long.