Forbsy

Forbsy

Dollar yen has just broken out of a bull flag pattern following a consolidation phase within a parallel channel. The upper channel line has now been retested and the outlook is positive for further gains, the fibonacci trend extension tool has been used to guide price targets for the trade. This pair is in a solid trend on the higher time frames therefore a...

Forbsy

Caught this at today's low point, looks like it could reverse and follow the ascending channel structure towards the 4h fib extension target, looking for a strong close today (10 sep) ideally >1.2625 which is at the 21 day MA

Forbsy

On the weekly chart, it's possible we could be at the start of the upswing to create the flag bit of the bear flag - as I remain bearish USD over the longer term, this makes some sense imo.

Forbsy

Is cable entering a new super cycle against the dollar?

Forbsy

A Santa rally could be the catalyst for a break higher...

Forbsy

Long trade looks good.

Forbsy

DXY still on the back foot. Enter on a breakout above the line :)

Forbsy

The other side of the pair... Giant bear flag with ascending wedge on the year to date daily chart...

Forbsy

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Forbsy

Giant bear flag on the daily JPY basket charts, dollar possibly in descending channel at trendline resistance also.

Forbsy

Bounce looking possible for tight entry...

Forbsy

FTSE looking like a short trade, fade the rise today.

Forbsy

I think it's ready to move higher

Forbsy

Looking like a risk on start to the week

Forbsy

USD/JPY looking like gaining this morning.

Forbsy

Reversal looks likely off the last 1h candle?

Forbsy

See other trade idea for the bearish case, this would be the bullish case - possible inverse H&S pattern on the 4h chart could signal a break back to test the recent highs.

Forbsy

GBP looking vulnerable with DXY strength and Brexit worries...