Josphat89

Josphat89

AUDUSD is responding to a bearish gartley on the daily chart. The harmonic pattern has completed on trend line resistance from the weekly chart. Its good to sell on rallies taking profit at 0.382 and 0.618 retracement of CD leg.

Josphat89

GBPJPY is trading in a rising channel. Price action has formed a bullish bat and is trading at trend line support. Its good to buy at the support.

Josphat89

GBPJPY is moving in two upward channels and has broken trend line resistance at 184.00 I expect further bullishness to the resistance structure and to channel top in extension. However, if the small channel is broken, prices may move to the lower part of the channel. Its good to buy at channel line dips.

Josphat89

USDCAD is reacting to a bearish crab on the daily chart and further bearishness is expected in the long run and this my sentiment remain bearish. However the pair faces a trend line support that could see bullishness before resuming downward movement. Its good to buy at trend line support.

Josphat89

USDJPY is trading on a rising channel. A break above trend line resistance will result is further bullish upsurge to channel top. If trend line resistance holds, bearish movement to channel bottom is expected.

Josphat89

EURUSD is trading on a rising channel on the daily. A break of trend line resistance will see the pair move to the upper part of the channel. Its good to buy at dips after trend line resistance break

Josphat89

The EUR/USD is trading in a descending channel and has reached the 61.8 retracement of the previous uptrend. My recommendation: Any break above the falling channel (1.1250) will take the pair to 1.1380 and 1.5230 in extension. A break below 1.1150 confirms further declines. Buy at or above 1.1250 with SL around 1.1150 and TP 1.1380 and 1.1530