CelisJeremy

CelisJeremy

The pound had been dominating last week and now it is approaching a resistance zone. My overall bias about its movement for the next days is bullish if it retraces back to the fib levels that I'm eyeing for, I'll wait for further confirmation then I'm going long.

CelisJeremy

In the 60 min chart of the USD/JPY you may notice that there is a regular bearish divergence, as the price is still making HH, the RSI is making HL. If the price closes below the line I had drawn and it came out of the parallel channel, it may be confirming my Bearish bias. There was also a rejection at the R1 fib pivot level, there was an attempt to push the...

CelisJeremy

The signals were the RSI divergence, bullish engulfing pattern that closes above the S1, the S2 holding out that bullish engulfing pattern. The MA below the price. And the small bodies of the preceding candles that is showing that are only few bears left and some of them has already taken their profits.

CelisJeremy

Once the price closes bellow the neckline of the H&S, there may be a possibility of a bearish movement. After a strong rally the bulls have somewhat run out of strength and consolidated. The price is already below the EMA and MA. This is just a possibility though. With the uncertainty of the U.S Gov't Shutdown and the CAD deciding not to raise rates , the pair...

CelisJeremy Updated 

Hi guys. If the price closes above the resistance zone, it may confirm more of my bullish bias. The preceding candles tried to push the prices downward but lost steam and the bulls have regained strength and rallied all the way up across the pivot line, the crossing of the price above the middle of the channel and the pivot already gave sign that there is an...