USDJPY still expecting some further downside as previous Support has broken now became Resistance. Reason : - Resistance area on 111.80 - EMA21 crossover on H4 chart. - Potential to reach next support points : Entry point Short : CMP or 111.70-80 area ; TP1 : 110.95, TP2 : 110.05; SL above 112.20 area Risk Reward 1:3.45 Always remember to trade with...
GBPAUD struggling to break above 1.7500 area, retest and rebounded away from 1.7340 support area for x6 times. I am expecting some further upside for this pair. Reason : - Strong weekly support at 1.7340 area. - Double Spinning Top candlestick on Weekly chart, first a bearish one, second a bullish one. - Signalling an upside. - Potential to reach next...
GBPUSD Weekly candle closed with Marubozu style (strong bullish momentum), expecting some further upside. Reason : - This pair has been ranging around 140pips for almost one month since April. - It has been trying hard to break above the ranging price (deep blue highlighted area) - Retest of 4th time was a fake out, 5th was successful on Friday closing. -...
USDCHF Daily candle closed bearish for five consecutive days since last Friday breaking few key support levels, expecting some further downside. Reason : - Strong berish momentum breaking 0.9800 area. - Support became Resistance. - Potential to reach next support points : Entry point Short : CMP or 0.9820 area ; TP : 0.9725 area ; SL around previous high...
EURUSD Daily candle closed bullish last Friday rebounding away from EMA21, expecting some further upside. Reason : - Strong support area on 1.0850. - Weekly Candle rejection from below. - Potential to reach next resistance points : Entry point Long : 1.0900-10 area ; TP1 : 1.0985, TP2 : 1.1050 ; SL around 1.08400 area Risk Reward 1:1.5 Always remember to...
USDJPY Daily candle closed bearish last Friday rebounding away from resistance of 114.20, expecting some further downside. Reason : - Strong resistance area on 114.20. - EMA21 crossover on H4 chart. - Potential to reach next support points : Entry point Short : 113.50 area ; TP1 : 112.70, TP2 : 112.20 ; SL around previous D1 candle high 114.15 area Risk...
XAU/USD bearish bias still in play, expecting some further downside target with tight SL. Reason : - Price retest and rejection on fib level 38.20%. - Resistance area of 1235, double top formed. - Tight SL trade. - Potential to reach next support points : Entry point Short : 1235 area ; TP1 : 1220, TP2 : 1215.50, TP3 : 1205 ; SL 1238.50 Risk Reward 1:4 Always...
Lots of big impact GBP news ahead, further breakout expected. Reason : - Bullish uptrend with NO SIGN of reversal. - H4 Candle price never crossed below EMA 21. - Market is full of SELLER, market marker gonna screw up. - Potential to reach 150.50 (Monthly Chart EMA21) Entry point Long : CMP ; TP - 148.75 ; SL below previous low. Risk Reward 1:59 Always...
Elliot Wave theory in play. Corrective Wave to point C Short Position TP1-1.3655 , TP2-1.3570, TP3-1.3510 ; SL above previous high. Risk Reward 1:21