awaiting seller confirmation at 1.13400
CAN WE COMPLETE THIS PUSH OUTSIDE OF THE SQUEEZE???
lets see if GBPJPY can complete this flag pattern
CONFLUENCE: Wedge completed and market broke below 79.150 once we can reject 79.150 with bearish engulfing we should continue down to 77.800
lets see if she can form new highs.
EURUSD is sitting at the 3rd touch of our downward trend line. Can we reject and print new lows?
If the market can maintain this uptrend structure we shall see 112.500
CAN WE MAKE IT TO 112.500 TO FORM NEW HIGHS?
Good morning, We are seeing some exhaustion on EURUSD as it sits at 1.12525 Resistance level with candle stick confluence showing exhaustion and bearish take over. If the market can maintain structure below our resistance point we shall sell to form new lows at 1.11290 Happy Trading!
BASED ON OUR STRONG SUPPORT BEING MAINTAINED GBPJPY MIGHT BE ABLE TO FORM NEW HIGHS
Interestingly on EURUSD we are seeing the third touch of a 4 Hour Trendline Resistance being maintained with confluence of a Wedge, after forming a Head and Shoulder reversal pattern. Lets see if EURUSD will give us a move to 1.12837...
CURRENTLY WE ARE SEEING AN AGGRESSIVE REJECTION OF LOWER PRICES AS THE MARKET RETESTED OUR 4 HOUR TRENDLINE MAINTAINING MARKET STRUCTURE. CURRENTLY AS ANALYSIS IS BEING DONE, I AM SEEING A RETRACEMENT BACK TO THE 79.100 LEVEL WHERE IF WE FORM ENTRY CONFIRMATION WE CAN LOOK FOR A MOVE FURTHER UP OF ATLEAST 155 PIPS TO COMPLETE OUR -61.8 FIB CONFLUENCE EXIT POINT...