GBPJPY on the 4h chart is moving in a descending channel. The price after the recent low at 151 level retraced exactly at the 0.618 Fibonacci level and currently is testing the weekly support. According to Plancton's strategy if the market will break and close below we can set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Continues to look poorly following my analysis a month ago (I sold all my holdings then). It is currently sitting on support and needs to bounce here otherwise I fear it will go a lot lower. (my hope so I can buy back in)
Last week we expected a downfall It's now completed and the direction remains the same. However price is near a daily support which could reverse the market! That's why be careful when entering new short positions and make sure to move stops on your previous ones. We expect price reaching 1,3670 and maybe even lower, however we do not recommend entering short...
GBPJPY is facing bullish pressure and is holding above horizontal swing low support, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. We expect prices to increase to horizontal overlap resistance, in line with 161.8% Fibonacci extension. Alternatively, if prices break below horizontal swing low support, it may face support at Fibonacci...
GBPUSD is facing bullish pressure and is likely to hold above horizontal swing low support, in line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension. We expect prices to increase to horizontal swing high resistance, in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. Alternatively, if prices break below horizontal swing low...
The 7025/6080 support area failed as expected following 4 previous bounces and a subsequent bear flag. We are now approaching new lateral support as the RSI heads into oversold territory. I will look to start averaging back into my ISA and SIPP accounts hoping for a bounce. When zoomed out the longer term picture is looking slightly more worrying - we may be...
AUD, NZD & CAD: It’s important to keep in mind that since the RBNZ meeting took place on Tuesday, we won’t see a lot of the upside in the currency we had this past week reflected in the CFTC data as yet. After the hawkish tilt by the bank as well as the solid beat in Q2 CPI data, expectations for hikes this year have risen substantially, and barring any major...
Technical: - Ascending channel - Following the 4H EMA - Looking for rejection previous resistance and the support line of the channel for bullish confirmation Will wait for bullish confluence among indicators (currently not in our favor) before entry, to further increase trade probability. Fundamentals: - The UK unlocking on Monday 19th could see a boost in the...
Easy clean set up. Bearish on high TFs scaling down towards lower TFs to find more entries, I feel the trend is still bearish and will continue short until the third touch of the trend line. I'm waiting for the retracement to see how price reacts around that zone.
This is one of the most controversial pairs in the market in terms of the BTMM. I am saying this because it never even moved a level for us to get a reversal entry. if look from Monday, it has been resetting since then. We are only looking at getting a return move to the last week's low for us to go long
It's just my opinion about this pair. Please share your thoughts with me.
Ring your bank and tell them you will be making a large deposit in the next few months.. Actually don't put your money in the bank as there is going to be a cyber attack that will take the banks down and your money with it. And if the cyber attack doesn't take your money the banks will anyway as they are going to be in massive debt and will be able to just take...
Here on the GBPUSD, we can see how the market has created an "M" formation. In general, after an "M" pattern is formed, we expect the market to provided a push to upside to literally complete the pattern, turning broken support into resistance. At this point we will be looking in to find a nice short entry to the downside with a good Risk-to-Reward Ratio. Thanks...
FX:GBPCHF Has for the past couple months been forming a clear Wyckoff accumulation schematic. Its been manipulating the lows and we got the last low which was the spring, or shakeout. There is also a bullish bat which matches perfectly with the institutional candle that formed on the chart which is where your entry would be if you decide to take this long...
Here on the GBPJPY 10 Hour Time Frame, we are expecting an overall bearish swing move to the downside after break of trendline. However, we may see an impulsive break of the trend curve to the upside as price is currently in a bearish correction, to run-off liquidity; likely, a clearer price pattern may be formed for SHORT entry. Hence, we'll rather be reactive...
A long and steady intra day down trend has been established in this pair. With more uncertainty across the eurozone we will look ton sell this pair close to the trend line and hold short down to the 0.84800 level. Good luck
Price broke down from ascending trendline where we could potentially see the price drop to first support, in-line with 78.6% Fibonacci retracement and 100% Fibonacci extension . If the price bounce from this level, price will swing towards 1st resistance, in-line with 61.8% and 100% Fibonacci extension . Any opinions, news, research, analyses, prices, other...
GBPUSD H1: Lots of confluence on GBPUSD here points to a break lower. Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I...