orlando26

orlando26

For those asking for a retracement on GBP/USD. Expect the pound to test 100EMA will probably bounce to low 1.2914 which is just a 38% fib. that's for the weekly chart.

orlando26

If 3215 was bottom then next stop is 4560.

orlando26

Possible retracement to the .38% and .50% Fibonacci 1.2600 & 1.2630 even the .618 @ 1.2659

orlando26

Possible 3 drives pattern

orlando26

Could go either way.

orlando26

DJI this is the third attempt of the bears to break through the 50 EMA if they manage to hold this bearish movement we could see DOJ drop to the 100 EMA, at 23446.00 If you like my idea/analysis please like/follow me for more.

orlando26

We see a bounce on the 50 EMA , possible tweezer/bearish engulfing formation on the daily chart.

orlando26

Dollar still too strong might touch the 50 EMA.

orlando26

GBP/USD struggling to get out of downtrend channel buy above 1.2870.

orlando26

GBP/USD is on a short-term down trend, as you can see it was not able to break the 1.2700 support and bounced back we can see a potential breakout above the R=1.3060 or a down movement to 1.2880. This one is a complex trade since Brexit news seem to affect this pair spontaneously.

orlando26

We got a potencial sell for EUR/USD We can see price is being rejected from the ML of the pitchfork at around 1.2944.

orlando26

We have a Gap waiting to be filled plus a double bottom or a W.

orlando26

Looks like USD/JPY is in the middle of the 3rd wave. If it manages to break the Major Resistance of 114.25 expect a move to the 115.23 from the .618 fib retracement.

orlando26

The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star.