Trend is changing for uk100, lower highs, fib level retracement, if counter trend line is broke, expect it to go bearish. Sorry about the lack of detail.
USDJPY coming close to entry, double top almost fully formed on the daily chart! Now if you go onto the monthly time frame you will see it has been producing lower highs since 1998, next one I believe is being formed now! At the peak of the lower high a spinning top has formed followed by a strong bearish candle to add confirmation to the expected bearish...
USD JPY quick short entry, if candle ends around 117.05, shooting star would be formed, doji candle before after a uptrend, stoch showing overbought also
UK100, double top forming, waiting for it to drop back below neck line, to enter this short. UK100 on the monthly chart, has had 2 significant highs which quite a violent bearish move occurred after , one in 1999/2007/? - I believe the next one could be now, as you can see on the monthly price has hit its peak and not violently gone bearish but shows clear sign...
Japan 225 in the long term may be a good short which could show to be VERY profitable. Japan has been forming lower highs since 1991 which the next one I believe has just formed, as it did not break the last high. A doji has formed on the last potential lower high which shows indecision in the market after a bullish move since 08/2012. After the doji was formed...
Same technical analysis as my last Japan 225 upload, Only the daily chart you can mark out the fib tool, last candle touched the level and retracted on the 4hr, stochastic showing over brought, past resistance and support.
On the daily chart I drew the fib levels, then zooming into lower time frames, you can see a shooting star forming right on the fib level, also the fib level which could cause this reverse is 0.618% a key level in the fib tool. Also on this time frame you can see the stoch showing this as over brought, also on high time frames you can see this level been used as...
Overall trend has been bearish since 2012, Waiting for counter trend line to be broken to continue with the downtrend on the hourly chart. I believe we are looking at a target of around 0.77000, 400 odd pip move bearish. Fib extension 2.618 is within the targeted area also for extra confluence, then if you go onto a larger time frame you will see this target has...
This is purely a TA post, fundamentals have not been considered, as if euro continuing being weak this will ruin the trade. Anyway, this is a correlation to USD/CHF potential short which correlates to potential buy for this pair, then when looking at the chart you can see it has been creating lower highs throughout the years, the EURUSD pair is coming in to the...
Please check my other post as that adds confluence for this! - EUR/USD This trade is purely technical analysis and not taking fundamentals into considering just simply showing some TA. As USD/CHF has correlation to EUR/USD, EUR/USD is currently at the time (where using purely TA) it is coming to a reversal area, (reversing to potentially bullish) at first...