decentshaw

decentshaw

GBPJPY- Expecting Long from Support- Daily ascending Trendline. Price is above 200 SMA . But on HTF we are also seeing Lower highs and developing of ascending triangle . Expecting price bounce from the Support. On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs...

decentshaw

Watching a breakout developing. Looks like a text book breakout. But a little bit more confirmation required. Overall bias is long. Looking for Long positions upon corroborative confirmation.

decentshaw Updated 

We saw XAUUSD making a New low at 1781. We also saw price rebound from 1785 then afterwards 1781. Price make a breakout of downward channel on announcement of interest rates hike from ECB. I think intent is very clear. Now Gold is betting on the FOMC interest rates announcement on 26-27 July. I believes all the odds are priced in. We may see price increase after...

decentshaw Updated 

Hello Fellows! We saw a beautiful breakout around 1709 and since Gold is staying bullish. I posted in my previous Gold analysis a few days ago. Gold Move exactly on the pattern and met the TPs. Congratulations who caught that move . We saw the last day the intent of the candlesticks. Its knocking at the door of 1766-67. And we know that the resistance become...

decentshaw

Big Day FOMC is underway followed by GDP announcement. As we discussed the breakout the other day circled in the Picture. Gold is tug of war between the Bulls and bears. Inflation and Recession fears taking the price North but price is rejected at upper Level at 1730s as per FOMC announcement uncertainties. 75 BPS Interest rate hike is what the market...

decentshaw

We saw the Price breaking downward the Upward channel on 4 H chart. Price is about to meet 200MA dynamic support and Fib 61.8. Price is an absolute uptrend due to interest rate differential between CAD and JPY central banks. We recently saw BOC increase interest rates 100 BPS and same dovish silence from BOJ. UKOIL above 103.5. Odds are in favor of CAD. I am...

decentshaw

GBPJPY making a Triangle. where are candle sticks haeading? Share your views

decentshaw

There is a rally in the AUD due to the interest rate commentary by the RBA official. We saw AUDUSD make a breakout of the descending trendline and AUDJPY making a rally to the top. The Price met historical - Horizontal resistance. We may see reversal from here in AUDJPY. We may see downside from here. Do share your comments on the Idea!

decentshaw

GJ one of most volatile pair of forex Market looks bearish. Price Touching 200 MA on 1H+4H chart. 4H trend is Bearish and Trendline is ahead as a resistance. USDJPY has come down from making double top around 137 from which down movement is likely. in such case JPY may be priced higher GJ is highly probable bearish to me. Do you agree and what are the odds , Do...

decentshaw

Triangular Structure. I am looking for Price breakout of Downward facing Trendline and Horizontal Resistance . Looking forward for Entry upon Confirmation. Looks like a promising Setup. This setup will also be supported by the Gold Upward movement due to co-relation with AUD. What do you think. Do Share or Comment

decentshaw

GBPCHF Looking Forward for long position. Broke out the Downward trendline on 1H graph. Now looking to breakout of the green channel as per illustrated Graph

decentshaw

AUDJPY look Bearish at the moment. There is a clear breakout of ascending channel on 4H TF. We may see retracement to the Horizontal Resistance at the top. Price is also going below the 50 & 100 MA signaling the bearish momentum. Share your views also. Regards,

decentshaw

EURCAD-Price crossed above the 50 MA & 100 MA now Breaking the Trendline. I am looking for more price confirmation. My sentiment is bullish on the Pair. Share your ideas & Views

decentshaw

GBPCAD is trending Downward. But Since 5 Days it is on ascending course and price is showing signs of reversal. Price is reaching trendline breakout and cross the 100 MA . Also we have to watch if it breach the Lower high on 4H TF. More confirmation is required for price action . Regards

decentshaw

What we have is a typical descending Tringle with lower long spikes at bottom. Its self Explanatory. On other hand we are seeing Dollar index rising and Dollar strengthening against currencies. May be 1800 Zone in the corner. We also have to see how it reacts with the US CPI announcement next week on Tuesday. Overall Bias is down side Regards, Comments are welcome.

decentshaw

Price approaching the weekly trendline. We may see reversal. Should wait for the reversal confirmation.

decentshaw

Buying opportunity on retracement. Do comment on the idea

decentshaw

GBPJPY. clearly an uptrend. But we know all uptrend lasts. Technically the pair is in strong uptrend. In Weekly longer time frame chart which can see the breakout of horizontal support near 158. We can see in 1H Time frame that pair has made a Doji and kind of Head and shoulder pattern characteristic by Lower high 1H candle. The trend seems exhausted and pair...