BPConkie

BPConkie

Let the graph do the talking... wheres the fun in that. - RSI triangle breakout forming - Monthly resistance holding three times - Resistance areas, potential take profit area's= 1.425, 1.45

BPConkie

Looks like there is a turning flat appearing on the 4hr, possible end to the B wave and start of the C wave.

BPConkie

Looks Like a Triangle Pattern occurring, with a possilble buy signal in the Blue zone. Will Watch the Dollar closely

BPConkie

Looks like it might hit the old resistance zone

BPConkie

Support established on the hour 21ema and the 15min 200ema

BPConkie

daily and four our showing exhaustion, after a bearish period including a lower of the Aussie IR. could be a turnaround.

BPConkie

GBPCHF ended it wave not being able to go over the psych range of 1.42, seems to be collapsing. Could form M shape. Keep trading well!

BPConkie

GBPCHF seems to have a major psychological barrier of 1.42, which it bounced of again today. with the old wave finishing, a new wave could begin now, to go as low as 1.38. Keep trading well.

BPConkie

Recently i have been making good percentages day trending/ scalping. now i have a bigger account i want to focus on the more longer term trades. to do this, i think Wave theory is the best bet to understand the psychology more. Laying out wave theory can be difficult, but this looks straight forward... Will look into the lower charts to pick up any lower fractals....

BPConkie

Todays session hit the psychological zone for the JPY. this could be a yearly turning point for the USDJPY. Moved back into trend zone, looking to go up. Now would be a good time to enter, or a low curve on the five minute chart

BPConkie

this is a test of risk sentiment in the markets. the USDJPY has been in a trend the past few days after an april down surge. if the USD turns down again it could turn downwards again. Will wait for confirmation. Up 109.1, 110.000 then test major zone at 111.250 Down 107.680, 106.715 then major zone at 102.000

BPConkie

EURGBP seems as though it can't break 0.81. could be a new downturn. .80275 confirms.

BPConkie

Set up for a H&S pattern for the GBPUSD. Generally H&S skewer of in one direction before going in trend direction. with brexit playing heavy on investors, it is probably this will break the 30 year resistance zone.

BPConkie

in the yearly resistance zone, with a weekly support line holding after ism reports, could challenge monthly highs again

BPConkie

EURCHF, like GBPCHF, have been trying to break monthly support lines, first target is the next fib line, then the yearly support zone

BPConkie

Head and shoulders formed on 4 hour chart. if if sticks it could go as low as 155.000

BPConkie

First post. W forming in GBPAUD, waiting for confirmation.