As predicted, GBPJPY is slowly creeping towards my Take Profit which is at the previous high level 148.000. When price reaches this level, I will bank the remaining portion of my position and look for signs of supply for a short setup. This setup will take place in the form of a bearish structure formation and I will enter the short upon confirmation of the...
We are in a bullish trade above $1,258 with a take profit near $1,262.25 and a stop loss near $1,255. Good luck!
Break the counter trend line.!! time to wait new Lower Lows...
Midterm Forecast: The current trend is uptrend and the forecast is the continuation of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion:...
Midterm forecast: 1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: . The RSI bounced from the downtrend #1 and it prevented price from more gains. . A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected. ....
Midterm forecast: 1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: . The RSI bounced from the downtrend #1 and it prevented price from more gains. . A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected. ....
We can see a trend and a correction on USDJPY. The correction trend-line has broken to the upside and I have entered a long (buy) position at the current pullback level. This is a C wave trade. Tp 1: 110.030 TP 2: 110.200 Should the previous high break, I have a target of 111.000
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone...
The 0.618 Fib level is an important point of resistance. a "pennant" formation may occur if this level is passed.
SEK weakness continues to reign , previously we saw a potential double bottom (DB) form with the February low (pattern later confirmed with a break of the neckline in April) and had further reason to be convinced of the reversal with an A-B-C reversal pattern forming off the same Feb low. After reaching a YTD high of 8.9159 we saw a ner retest of the DB...
Buy market USDJPY at 107.30 Stop around 106 lvls - to be confirmed soon Take profit target 1) 108.40 target 2) 110.80
The 4hr of the EURUSD currently is identified in this analysis to be in a Minor wave C position that is part of an Elliott wave combination (W-X-Y) structure. Red lines on the chart indicate resistance where the EURUSD is expected to hold before continuing its downtrend. Point of invalidation (POI) for this analysis is a price close above ~1.24104. Ideal point...
We're predicting that the price of #EURUSD from a Intraday perspective will decline 35 pips to 1.2401. Hopefully within the next couple of hours we should see the price of EUR/USD play out accordingly. Watch the before & after shots above . For the latest trading updates follow us on on Tradingview and feel free to share thoughts in the comment section below.
We are coming out of a reversed head and shoulder pattern, suggesting a reversal from the previous long term trend. We are in an uptrend on the 1 hour chart and we just had a healthy retracement and we broke the resistance line. I am taking a long here and will add as we break the neckline.
the market has just break the 0.618 LEVEL AND pulled back and now it's timr to SELL Enjooy !!
CADJPY Review ------------------- Pattern : Inverse Head & Shoulder and Flag Pattern. Possible Target : 100 Invalidation : If price comes below the neckline Trading Tips : "When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I’m not losing any money" - Paul Tudor...
We have finally broken the Weekly trendline for USDJPY looks like usd jpy will be bullish watching for a retest of the trendline and then we should break resistance and create a new high