Technicals are showing short for GBPJPY if we get rejection price action.
I AM NEUTRAL ON THIS PAIR UNTILL FURTHER CONFLUENCES. PRICE IS SITTING AT 1.11 SUPPORT/RESISTANCE. PRICE SITTING ON 50EMA WEEKLY CLOSE SPINNING TOP (INDECISION) BREAK OF COUNTER TREND LINE TARGET 1.15. IF PRICE BREAKS LOWER TREND LINE THEN PRICE WILL VISIT 1.08 SUPPORT. WAITING FOR FURTHER CONFLUENCES AND PRICE ACTION.
OVERALL LONG BIAS. WEEKLY CLOSE SPINNING TOP (INDECISION) PRICE WAS REJECTED BY INNER TREND LINE PRICE IS SITTING ON 4HOUR COUNTER TREND LINE. IF INNER TRENDLINE BROKEN EXPECTING PRICE TO REACH 1.44. BREAK OF CTL LONG TO 1.55.
OVERALL MY BIAS ON OIL IS SHORT. WEEKLY HAS CLOSED SPINNING TOP WHICH SHOWS INDECISION. PRICE HAS BEEN REJECTED FROM THE $50 RESISTANCE. CAPPED BY THE 50% RETRACEMENT. CAPPED BY 50EMA. PRICE COULD BREAK THE 50EMA AND CONTINUE FOR AN OUTER TREND LINE TOUCH. WAITING FOR 4HOUR COUNTER TREND LINE BREAK AND OTHER CONFLUENCES. FIRST SHORT TARGET 42.00 SECOND SHORT...
WAITING FOR PRICE ACTION TO CONFIRM DIRECTION. PRICE COULD BE RETESTING BROKEN TRENDLINE BEARISH MA'S PRICE STILL BELOW DAILY 200MA WILL CHECK 4HOUR PRICE ACTION AND DAILY CLOSE. POSSIBLE MOVE EITHER WAY.
Waiting for the support @91.00 to be broken Will look for a retest and price action. Weekly trend line broken Trenline broken Ma's crossed bearish Price crossed cloud Cloud crossed to the downside
PRICE LOST STEAM LAST WEEK. POSSIBLE TRENDLINE TOUCH. POSSIBLE TRENDLINE RETEST. AWAITING BEARISH PRICE ACTION OR BREAK ABOVE 1.53 FOR LONGS
EURUSD IS LOOKNG BULLISH. WAITING FOR PRICE ACTION TO SHOW BOUNCE FROM 1.11 SUPPORT FOR LONG POSITION. DAILY MA'S BULLISH PRICE BROKE CTL AND RESISTANCE. CAUTION OF 200MA (COULD SEE BOUNCE) TARGET 1.15 UNLESS WE SEE DAILY PRICE ACTION TO TELL OTHERWISE.
DAX IS LOOKING BULLISH, DAILY MA'S BULLISH, WAITING ON DAILY CLOSE, PRICE PUT IN A HH, ABCD POSSIBILITY, CAUTIOUS OF THE DOUBLE TOP PRICE BOUNCED OFF 200MA AND IS ABOVE 50MA
SHORT POSSIBILITY WITH AUDNZD WAITING FOR BREAK RETEST OF 1.12 PRICE HAS BROKEN TREND LINE AND RETESTED DAILY EVENING DOJI STAR FORMATION (THIRD CTL TOUCH) SHORT TARGET JUST ABOVE 1.09 WAITING FOR SHORT CONFIRMATION
NZDUSD IS BULLISH IN MY BIAS IF PRICE HOLDS ABOVE THE TRENDLINE. PRICE HAS PUT A DOUBLE BOTTOM OFF MONTHLY SUPPORT @0.65. DOUBLE BOTTOM TP AFTER DAILY BULLISH ENGULFING 0.673 IF MA'S CORSS TO THE UPSIDE AND PRICE BREAKS THROUGH WEEKLY RESISTANCE @0.68 THEN WE SHOULD SEE TP 2 @ 0.70 HIT
PRICE HAS BROKEN INNER TL AWAITING H4 CTL BREAK WITH PRICE ACTION FOR SHORT. PRICE COULD GO LONG TO 0.75 OR 0.78 WILL ADJUST ANALYSIS DEPENDING ON MARKET CONDITIONS
DOUBLE TOP DAILY (MONTHLY RESISTANCE) WEEKLY SHOOTING STAR CLOSE BREAK OF TREND LINE BREAK OF WEEKLY SUPPORT @ 2.33 WITH LOWER TIMEFRAME CONFIRMATION TP1 2.27 WEEKLY SUPPORT TP 2 2.23 WEEKLY SUPPORT
Currently bearish on this pair Break of trend line Ma's crossed bearish (daily) Short Target 1 1.523 Waiting for break of range Entry and stop loss is example If we break out the range to the upside- Target 1.59
FAVOUR THE DOWNSIDE WITH EURJPY. BREAK OF COUNTER TREND LINE AND BACK TO SUPPORT AT 133.0 WILL COMPLETE HEAD AND SHOULDERS. PRICE IS HOLDING BELOW 200 MA AND 50 MA DAILY MA'S ARE CROSSED BULLISH. IF PRICE BREAKS OUT THE ASCENDING TRIANGLE TO THE UPSIDE THEN WE SHOUD SEE PRICE RE-VISIT 141.0 .
FAVOUR THE UPSIDE WITH GBPJPY BULLISH MA'S ALL TF'S WANT TO SEE PRICE TAKE OUT PREVIOUS HIGHER HIGH WITH A RETEST OF 196.00 IF PRICE BREAKS THE INNER TREND LINE AND OTHER CONFLUENCES THEN POSSIBLE SHORT BACK TO 185.00. STOPS ARE NOT PRECISE.
Eur/Gbp DAILY All TF MA's Bearish Monthly close spinning top (indecision) Weekly close spinning top (indecision) Break of CTL Short targets 0.693 T1 Break of weekly support and next monthly support is 0.68. To go long on this pair i would want to see a break of the lower high at 0.72 then price would more than likely revisit 0.74 (with confluences)