mannyygill

mannyygill

Currently you could see how this pair have slowly unraveled. It’s still respecting the red curved line ( look at my previous analysis) it did a pullback from exhaustion for the last two days. Then went bearish this morning which means market first sentiment is shorts. Pull back up touching past fib 6.18 and resume to moving lower ( possibly a liquidity grab)....

mannyygill

As you can see the pull back from previous down trend seems to be exhausted from bears pushing back hard. Wait for candle to break below the low of previous bullish candle and wait for rejection or pull back before entering shorts. Wait for the right timing to surf with the trend

mannyygill

Yesterday AUD/JPY was bullish after a couple weeks of bearish run. Long term price action is still bearish and it’s still respecting the curve. Before placing any position for shorts make sure to wait for price action to confirm with a rejection candle ( long wick, rejection, or engulfing candle or another lower low) before placing a bearish trade. Remember to...

mannyygill

There are always smaller and bigger trend in every market. It’s crucial to make the right connection and wait for market to show in action. So far market broke out from current support and is about to make a pull back from last month’s exhaustion

mannyygill

Long term out break out and pull back has taken place. The current up trend is just exhaustion from a fast paced bearish reaction from the pull back. Just waiting for trend to resume back to bearish direction before entry. Waiting for bearish pattern comformation

mannyygill

Market have been moving sideways creating head and shoulder pattern long term. The spike up on the right shoulder and fast move down indicates that market is ready to sell just waiting for the breakout of the neckline down. For now based on my analysis it’s a high probability sell. Long term bearish indication. For anyone looking to short sell please wait for...