GBPUSD - Pre-analysis (14.9.2018)
- Higher TF structure is bearish but it seems that there is still more room for upside movement, price could potentially reach 1.31500 - 1.32000.
- 4hr shows a break of structure, awaiting for the retracement.
- I'm entering off a 1hr fib set up with 61.8 locked in for entries.
- Stops placed just below 78.6.
- 3.5:1 RR (+85...
This pair has respected a major ascending trendline, creating a new Higher Low on the weekly chart.
My market prediction is for this pair to create a new Higher High. At a previous level of support earlier in march at 1.38300 (500 pip target).
USD/JPY - 15th of October 2017
- Weekly shooting star.
- Daily MA break below MA cross overs.
- Hourly 0.5 retracement + 0.382 tested with 4 pin bars + 8 MA
First target is the Daily support at 111.480. Then I'm anticipating another retracement to the previous swing low before going to my next potential support target - creating a new swing low at 111.256.