I'M LOOKING TO SHORT EURUSD BUT I GOT AN EVEN LONG TERM TARGET .. BUT THIS WILL DO FOR NOW
THIS IS MY ANALYSIS AND OUT LOOK ON THE GBPUSD.....
USDCAD - Is currently respecting the weekly Resistance of 1.2500 area.. Also the 78.6 Fibonacci..next targets are the Monthly support @ 1.2250, however if that breaks then the last lower low close to weekly support of 1.2000 will be the next potential target ... Then with our long term projection of -27 Fibonacci @ 1.9000 even monthly @ 1.17500
eu broke its consolidation,, price did a bullish spike to the top to create a higher high, price then droped but luckily did go past the 78.6 Fibonacci retracement, it touched the bounced off it.. to then for what it looks like sit around the 61.8 area.. .. it continued to rise above.. my targets are tp - 1-3 to overall go to the weekly as it broke the previous...
TECHNICAL ANALYSIS, PRICE ACTION!!!! THAT IS ALL.....
TECHNICAL ANALYSIS OVER ANYTHING.. PRICE ACTION!!!!
UJ IS LOOKING TO GO BULLISH, IT JUST BROKE PREVIOUS STRUCTURE AND IS RETESTING THE TREND LINE AND IS ALSO LOOKING NICE AT THE 38.2 FIBONACCI LEVEL.
AUD JPY MAY RETRACE TO 61.8 THEN GO SHORT .. OR EVEN RESPECT THE CURRENT 38.2 AND DROP WICKS TO THE HIGHS
THIS IS THE SAME MARK UP BUT NOW WITHIN THE 1H CHART