mk-fx

mk-fx

GBPUSD made double bottom on monthly, on weekly it broke counter trendline which means I will look for long positions. It is approaching support at 1.30 again. I wont enter before counter trendline is broken. I expect weaker USD and stronger GBP, which lines up with tehnicals. TP 1 is at 1.372.

mk-fx Updated 

GBPNZD is in downtrend, but now it looks like it might make a pullback back to the upside to retest previous support. I am looking at H4 for counter trendline break and retest for buy with R:R around 10.

mk-fx Updated 

USDJPY broke important support, now is coming back retesting previous support. 108.500 looks quite strong zone for reversal, but it seems too obvious so I expect some stop hunts. Looking closely and waiting break of trendline for taking a short position.

mk-fx

GBPAUD made a retest on fibonacci level whch was not broken. Trade is already risk free. I am first targeting strong trendline, in case this is broken I expect 600 pips drop to 1.8450.

mk-fx Updated 

If the counter trendline breaks on h4 and make a retest I go long with TP 1=1.900 SL is small

mk-fx Updated 

I am seeing a nice potential setup with EJ reaching trendline and fibonacci 78.6 level. On H1 trendline was broken, but momentum was strong. TP is 123.200

mk-fx

Price is approaching nice zone with weekly fibonacci 61,8 level which is also strong support. I will be looking for price action. If price breaks out to the upside and make a retest on H1 I will enter for 7.5%

mk-fx

On Daily it broke the trendline and its making a retest now. I would like to see 3rd trendline touch on H4, but on lower timeframes it looks good.

mk-fx

GJ respected support which lines up with fibonacci 78,6 level. If it breaks counter trendline I look for longs with TP 1= 150.00