movingwfx

movingwfx

Hi all, Here is our thoughts on GBPJPY: - Long Reasoning: Daily Overall biased is still bullish - Price is above EMAs 50 & 200 Rejection at key zone @ 193 = 0.236 retracement on Fib EMAs 8 and 21 crossover on daily and price pull back to EMAs 8 and 21 zone (entry for long) RSI (14) 58 and CCI (20) 74 = Buyers territory Bullish reversal candle on 4hour ...

movingwfx

Overall trend is still uptrend Daily chart The current price is above EMA 50 & EMA 200 Possible counter-trend However, price seems weakened and finding its resistance at 194 area == pitchfork's midpoint 4H chart possible formation of Elliot wave 5 to be completed, suggesting to go south in coincide with MACD MA crossover Selling trigger method: A...

movingwfx

Overall trend biased is still bearish. Reasoning: Price is below ema200 on daily MAs crossovers on daily as well ab=cd. bc retracement is 50% of AB (refer hourly). Price broke below 0.66000 level Last week, Price was hovering above 0.66000 support line. However, as of yesterday (with the help of fundamental news) - Price managed to break below 0.66000...

movingwfx

Possible short counter trend upon completion of wave 5 of Elliot wave. Will only enter short - once trigger method has meant all criteria.

movingwfx

Double bottom on the hourly chart. A break on the neckline suggest to go long to 0.76000 (previous support - hopefully turned into strong resistance).