mk-fx

mk-fx Updated 

UJ still didnt fill the gap around 107.800, so I am ecpecting first to reach that level, which also lines up with 78.6 fibo level, and few others fibonacci confirmations. The safest is to wait for counter trendline break and take retest. TP 1 is at 104.200. overall UJ can fall much more. Final target possible is around 92

mk-fx Updated 

IDEA IS NEUTRAL! Gold looks it can break to the upside to $1530, or respect resistance on h1 and drop to $1425. Its risky setup in my opinion, because price respected 78.6 fibo perfectly. It looks like momentum is quite strong.

mk-fx

BTC is still bearish, I was waiting retest on $5000 area, on 5M it made nice break and retest, I was a little late but still got perfect entry. Risk is really small, tp is $3500-4000.

mk-fx Updated 

GN broke trendline on h4, so I was waiting for pullback to retest the trendline. On h1 it broke new trendline, it looks like its going down. SL tight, TP around 2.00

mk-fx

Oil still has room to the downside, it could reach $19 quickly. Now waiting for retest to take short.

mk-fx

GBJPY is bearish on HTF, still has a lot of room to the downside. I am thinking it can make one fake move to the upside and then drop. Entry point is out of trendline, so I am watching price action. SL=25-40 pips, TP 1 at 129.500

mk-fx

GBPAUD broke H4 trendline, it looks like it will fall to the strong trendline minimum. I missed perfect entry, but still we can catch retest of new resistance around 1.9800.

mk-fx

GBPJPY is bearish in my view. I see two options, it can stil make a retest back to 140 area, but first it has to make a higher high on h4, and a retest to take long(* I need other confluences also (pattern, fibo, trendline..) It is also possible it continues to drop without pullback, in that case I want to wait for break to the downside. Final TP for shorts is in...

mk-fx

Gold is bullish, it respected 71.6% fibo on daily. On lower timeframe it broke the trendline, now I am waiting for retest and H&S with entry aroung $1651.

mk-fx

Oil is bearish because of fundamentals. I was waiting for another touch of trendline and retest of resistance but it continue dropping before coming back up. R:R would be again great.

mk-fx Updated 

US Oil hit strong level, now is making inverse head and shoulder and h1. To be safe wait for countertrendline break and enter the trade. R:R min is 5.

mk-fx

Btc is still bearish on Daily until it breaks trendline from the top. It broke from $8600 zone and is making a pullback to $9200 Level. I see inverse head and shoulders on weekly, which could be the start of new bullish era. My prefered buying zone will be $7800 zone and after it breaks trendline on lower timeframes+retest. TP 1 at $11.500

mk-fx

First TP $8,200, TP2 $8,000, TP 3 $7,800

mk-fx

GBPAUD is making a retest on h4, it looks like good opportunity to sell. TP is at 1.9480

mk-fx

Lets wait to break countertrendline on daily to go long. Now it still has some open room to the downside

mk-fx

XRP currently hit strong resistance, thats why it dropped 7 cents during weekend. Currently is in bullish trend, thats why until trendline is not broken, I am looking for buy opportunities. I want it to break trendline and make inverse head and shoulder pattern for taking buy. TP 1 is $0.36750, TP 2 is $0.40

mk-fx

Next week will show us in which short term direction BTC will go. For longs it has to make inverse head and shoulders, TPs are $10.800 and $11.500. If it breaks to the downside we probably see $8.000 again.

mk-fx

I am waiting trendline break on EU to go long. It could make a pullback TP 1 is 1.090