Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell!
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The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
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It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USDCHF chart which, if analyzed properly, clearly points in the upward direction.
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GBPJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPJPY
Entry Point - 192.71
Stop Loss - 193.13
Take Profit - 191.93
Our Risk - 1%
Start protection of your profits from lower levels
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The price of GBPCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell EURUSD.
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TARGET NYSE:TGT - Mar. 25th, 2024
BUY/LONG ZONE (GREEN): $170.50 - $184.00
DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50
SELL/SHORT ZONE (RED): $150.25 - $163.25
Weekly: Bullish
Daily: Bullish
4H: Bullish
NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break...
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0639 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0705
Recommended Stop Loss - 1.0600
About Used...
The analysis of the AUDJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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