GJ could possible continue its downtrend as it makes LL and LH. It has hit a Daily level of resistance and is stalling out as it finished a bullish move last week.
We are playing S&R game on the weekly charts. It may take price 1 year to get all the way to the top However we have broken the downtrend and looking for the USD to gain strength and move the instrument higher On a lower time frame we have a impulse to move up then correction bull pattern and looking to continue to the upside at the next S&R zone
Price hasn't shown its hand yet so we continue to wait for more clues as to which direction that they plan to move the market Price is in a current uptrend but has slammed into major resistance on the daily.
We are sitting under daily support and nicely following the channels. If we get a break of the flag within the channel we can safely target 1.0900
We have identified that the downtrend is over Bulls have stepped in and created a double bottom. We have a push to the upside violating the trendline and giving us a clear indication that they are ready to take it to the upside. Now we wait for the market to come back and setup a bullish structure such
This is a breakdown of EURGBP at the end of the week We have a large engulfing candle that says we should be looking for moves to the upside as the down trend maybe coming to a end. However we are still below the trend line so we are still sellers till this breaks. Also we have major support on W1 and M1 charts that could still be tagged
NAS has broken high looking to retest all time high. However we still arent convonced that the high has fully broken. We will pulll stops to BE to protect capatil. Strong bullish candle pushed away from entry and support level. FIbo level has given us some confluence on this trade
We have broken out of 2 trends and are looking for a retest and another move down
We have some great oppourtunties coming up keep your eyes on these pairs