Recent news declares need for improvement for the JPY currency and the pattern is being respected. If it holds a nice short opportunity with a nice RR ratio. Granted nothing ever pans out the way you manifest the idea, roll your stops....
GBPUSD teases a sudden reversal candles a good wealthy short trade is arrived!!! After hitting a fresh five-year low at 1.4565 only at the beginning of the week, the GBPUSD appeared dangerously close to re-entering 1.45 after declining to 1.4602 following further weak UK inflation data pressuring the Sterling. Although annualised inflation remained unchanged at...
Looking out for opportunity to short EURUSD at Fib level 0.618 which happen to meet EMA50 on the daily chart. Notice that the overall downtrend of EURUSD since May 2014 has been respecting the EMA50 level.
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
ENTRIES AND EXITS ARE DISPLAYED IN SCREENSHOOT Take a look at eur/usd weekly and mothly charts, there is a zigzag channel and a downtrend which's resistance line came right into the double top at 1.3969. I think that this is just a start of a long term channel and trend down (read the second line;) IF you like my idea/ideas please follow, share and like my stuff....