GhosTrader_GT

GhosTrader_GT Updated 

Update on the YEN. I believe in a few weeks Price would hit "main" upper channel (trend) line. Just bouncing off the dotted upper trend line. Will update as it makes progress.

GhosTrader_GT Updated 

As predicted and in response to R.Linda's post. Likely stop would be around 55k - 52k level. Wont be surprised if it drops to 48k area. But I should expect a bounce around that trend line short term.

GhosTrader_GT Updated 

Let's see what happens further on this level (lower trendline). Touched trendline and bounced off. Could mean a reversal in the looks with that doji candle.

GhosTrader_GT

Turn around for the EURUSD?? Broke above upper trend line +Diamond formation.

GhosTrader_GT

RIP YEN. "Could intervention be close"? 2% - 4% is still massive though.

GhosTrader_GT Updated 

With Price objective for Ascending channel achieved (previous post), in an uptrend and pair not far from major resistance, suddenly a potential H & S pattern is up with price objective (deep retracement to the upper channel trend line). In addition somewhat like a double bottom continuation too. Well could be a tricky one so I have 2 scenarios lined up. Price and...

GhosTrader_GT Updated 

Previous Post on EURUSD ZOOMED OUT. Intraday possible scenarios. Trend remains bearish in the short term.

GhosTrader_GT

"RISING WEDGE' GBPJPY vs 'FALLING WEDGE' YEN INDEX. Watching closely.

GhosTrader_GT

Price likely to consolidate (bounce off the .764 &.618 fib levels respectively) in the short term/intraday sessions. Bearish flag pattern in play. Bias still remains bearish.

GhosTrader_GT Updated 

I want to see a break and close below the recent support to confirm price is set for a downturn considering the bearish chart pattern with potential targets. Watching closely.

GhosTrader_GT Updated 

The pound tanking, I see a potential short - mid term gains for the EURGBP upto 0.8630/0.8640 - 0.8650. I expect to see some sort of retracement before sailing to targets 0.8630-40 in the short term. So on the look out for pullbacks during intra-day sessions.

GhosTrader_GT Updated 

Pair looks likely to continue downtrend considering the bearish chart pattern with potential targets at next support levels. Price pierced through the .618fib and maybe little retracement back to the .618fib resistance(confluence) before continuing its downtrend.

GhosTrader_GT

LIGHT AT THE END OF THE TUNNEL FOR THE YEN? With lots of news on intervention, could this be a turning point for the yen in the coming week, month? Some bet on the yen strengthening next week for me.

GhosTrader_GT

In the short term going into next week I expect to see the pair slide further down. Break & close below the trend line (lower channel line) would likely spike interest to short this pair after refusing to make new highs. Candlestick patterns confirms further rejection for a push to the upside.

GhosTrader_GT Updated 

Price has been respecting the fib levels so I take on the fib .618 to be the next likely support/target.

GhosTrader_GT

Trendline + S/R confluence. Price likely to consolidate around levels before resuming uptrend. I would take a long bet in the coming week or 2.

GhosTrader_GT Updated 

Look forward to the nearest target being the 1.3828 (Price Objective for channel) in the short term. Then maybe a retracement before continuing trend and aiming for next resistance.

GhosTrader_GT

Follow through on my last post. Potential Bump and Run pattern on Bitcoin (in the short term) and Price has failed to break above new high. So now consolidating within a range. 2 possible scenarios here. Bounce off support within range and back to 72k-73k level or break below support to meet target objective (53-55k) for Bump and Run pattern.