Pair: GBPJPY
Bias: Long
Technical analysis:
Daily - After a strong push during last session, price is now trading above 200 and 50 emas.
4H - Price reached the 200 ema, waiting for break to the upside and retest.
15 minute - Price has formed a coil. Waiting for it to break it to the upside and continue to the top of the daily triangle at around 146.000....
Technical Analysis: Price is trading below the 50 and 200 emas on the daily. Daily support drawn since Feb 22nd was broken at the end of last week.
Fundamental analysis: USD has made new highs and Brexit still brewing in the background.
Confirmations: Waiting for price to finish pullback to the previous support and/or 20 sma on 4H chart and trade below 20 smas...
Pair: GBPJPY
Bias: Long
Technical analysis: Price has rejected the Major Half Point 145.000 and made a strong move to the upside during the Asia and London sessions. Price is still trading above the 50 and 200 emas on the daily. Be aware of the top of the triangle that has formed on the daily.
Fundamental analysis: Not a lot of fundamentals going on this week. UK...
Bias: Long
Technical analysis: Price trading above the 50 and 200 emas on the daily chart. It is also still respecting the uptrend channel formed since the beginning of the year.
Multiple rejections around the 143.350 level on lower time frames.
Fundamental analysis: Important Brexit news ahead (again). Exercise caution and use appropriate risk management.
Pair: GBPJPY
Bias: Long
Technical analysis: After being rejected at around 144.000 on March 29th, price has being making higher highs and higher lows. It broke the 146.500 resistance to turn it into a support and after forming a triangle, price has broken it and retested in lower time frames.
Fundamental analysis: Risk is back on on stock markets weakening the...
GBPJYP looking for short positions. Up until today's NY session, my bias for this pair was long. However, price has broken the uptrend channel and now I will start looking for short positions between the large quarter points 145 and 142.5
EURCAD. Great price action inside the blue oval on the chart. Price was rejected twice by resistance on the 4h chart and came down hard breaking the 50 and 200 emas. Price is now trading below the emas and getting close to the strong support.
Scalping opportunity to the support and I will be waiting for price action around that area for a rejection or a break...
Price has been rejected by the emas 50 and 200 and the bottom of the channel several times on the daily chart.
At the moment price is consolidating between 145.250 and 144.500.
Waiting for a break out for a more clear direction on this pair.
Earlier today the beast broke the consolidation rectangle it had formed since 22 March. Price has come back to retest the upper side of the rectangle forming a bullish flag. Now I'm waiting for the flag to be broken to the upside to enter long on this pair. My first TP is 147.5 and TP2 is at 148.5
Wait for confirmations and use an appropriate risk management.
Absolutely everything on the charts is related to the Fibonacci sequence: pitchorks, fibo retracements, and support and resistaance lines will give you precise entries with very small stop losses.
