. There is a possibility of temporary retracement to suggested support line (117.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. There is a possibility of temporary retracement to suggested support line (1.396). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
Price was stuck in a range since Friday but we can finally see a break out to the upside. I'm looking to enter on a retest.
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Price as broken its wedge formation along side a re-test, GBPUSD is moving very slow today due to BANK HOLIDAY Monday, we are expecting price to take a push to the up-side through out the Asian market.
please feel free to leave some feed back I'm currently risking around 0.20% on this...
Expecting a rather large drop on GJ but I will remain patient and allow the market to tell me the direction it is going in. If we get a break below this box followed by a retest I may be looking for a sell if I get confirmations around the area.
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One technical double bottom reinforced by the most recent daily fractal support printed at 1.38682, one broken neck at 1.39608 and the most recent 4h fractal resistance printed at 1.40488 right above the default target for the double bottom projected at 200%, and a couple of points above the golden 61.8% fib retracement level.
The bullish 2618...
So I am waiting for this candle to close to see how strong it is for me to take the sell! I will be looking at a shooting star candle doji candle to think about selling! the 4hour TF is a downtrend!
I will also be looking out for the news at 13:00pm GMT ECB Financial Stability Review This could also could have an effect on this pair today!