johnyfounder

johnyfounder

price action

johnyfounder

based on price action. the eur is getting weak. the chart is also on a sellers territory so i expect big push down and may even surpass my target.

johnyfounder

the pound seems to continue weakening till the purple line.

johnyfounder

most of the analysis done here is based on price action. the sellers are present at the golden line indicated above and i would not want to be in the trade if the 4h closes above the golden line. it may mean a BIG move up way above the range. the eur is also somehow weak. This trade may however, take some time to get to the TP area.

johnyfounder

price action shows how nzd seems to be weakening all through. the dollar is slightly strong and may push the currency lower. though not so far.

johnyfounder

this trade may take a few hours before it starts moving in our favour. the daily is on a down trend. the other timeframes will take a while to follow through.

johnyfounder

the pound is slowly growing strong and gaining momentum. the trade is invalid once the 4H spikes down past our stop loss. the tp however is not the definate one, it will become clear once the trade starts moving. best of luck.

johnyfounder

based on price action. the dollar seems to be loosing control and the pound strengthening. the momentum may soon pick up. i however expect a small gap down or a wick on the next candle. the trade is invalid if the next candle closes below the current candle. Best of luck

johnyfounder

this is my view of this currency pair for the next few days/week. All on price action. i welcome all comments

johnyfounder

the best of luck

johnyfounder

based on price action. a bullish wedge about to break free

johnyfounder

i expect some movenents as per the lines drawn. howerver anything is possible

johnyfounder

i am anticipating this move on USD/JPY, hoping for a drastic drop down, however, it may move up closer to upper black line

johnyfounder Updated 

my big boys dictate i go long

johnyfounder Updated 

the buyers are weakening, and my price action shows i enter on the region indicated.

johnyfounder Updated 

descriptions made on the chart. everything is based on price action. make last moves and enter only if it touches entry in 2-3 candles, else wait an update