I am expecting GBP to be stronger then EUR Target 0.8591
Have not been looking at this pairs for a while, around 1.0520 is very strong support . Personally I see the fundamental of Euro is very fragile. Uptrend until 1.0730 is very possible. if there is a pull back to 1.0580 and hold there, I would consider to Buy this pairs next week.
This pairs been going wild 10 days non stop rising. Taking the level from Weekly Chart, around 1.5351 is an resistance level. Planning to short it down to 1.5167 from around 1.5351 if this resistance level is respected. Confirmation of closed candle development from lower timeframe is needed. I will keep an eye on it
See this Weekly Chart. We can aiming to sell in this two weeks. As 1)Touching A Downward channel is possible 2) Stoch RSI Divergent 3) Ema are possible tilting Yet it is still very Bullish in lower timeframe, Key level to look for reversal is 0.8665. If price reach around 0.8665 and get reject then Sell off is possible
15 March is the next FOMC meeting for interest rate decision. I would like to see this pairs price can rise to 116.30 by then. If that happen, I would expect some retracement, once retracement finished, I would re-access the strength and momentum of this pairs. If Bullish momentum still hold, then buy at the dip again and target for 118.30. If Bullish momentum...
Dominant trend clearly Bearish. Sell at 1.6197 First support :1.6078 Ultimate Target : 1.5277 (Weekly level)
Sell reversal. 1st support :1.2421 2nd support: 1.2391 Final Target:1.2307
If price hold below 1.31550, Good level to short from . Target 1.3079
Looking to enter if 112.75 resistance hold. Target 111.79
Watching for opportunity to buy from the dip if it happens. Buy in Between 1.2500 - 1.2552 Target 1 :1.2602 Target 2 : 1.2650
Buying momentum is picking up here.
Target 0.8598 1st Target/resistance 0.8551
Final Target 0.7361 1st Target/resistance : 0.7229
Buy at this dip above 1.6300 Target 1.6451 Next resistance at 1.6358, look for adding contract at 1.6338 if support found there
Sell from here at 0.8522 , Target 0.8383. If this pairs in next 12 hrs continue to rebounce, next resistance is 0.8546, then 0.8569. if it continue going south the next support 0.8517, then it shall rebounce from there. Found pull back to enter the second contract.
Whilst Gold is up, in contrast USDJPY is also up. Final Target:108.08 1st resistance : 113.48 see if level 113.48 can hold, if hold add the second contract.
I am going to try out pyramid style . I never have that patient before tbh. Yet I would like to challenge myself, as I see the benefit in reducing exposure of capital whilst increasing the position size, so when it pay out, it pay awesomely. Final Target :1325 1st resistance: 1246 Estimate to add the 2nd contract btw level 1243-1246.
current STOCHRSI reading: Weekly (16.57, 35.36) - very close to oversold Daily (67.74, 82.30) - Overbought, turned around on 15 Feb. 4HR (9.08, 7,80) - extremely oversold 1HR (16.09, 48.25) - diving down deep in just 2 hrs time According to these reading, I have reason to believe USDJPY need to go south further down, it it can found support around...