hi guys, everyone is shorting GBP. GN is reached a weak support line for DTF. i won't buy it first as the seller power seems to be strong. i wait for confirmation pull back to greenbox only buy.
Hi Guys, long time didn't post analys as i decided to take a short break after last week gbp market incident. Today i monitor EJ and seems like abit hns at 4H. will entry if it pull back at the greenbox.
For those who shorting this pair, if break the supply zone just let it be. i guess this will be the scemario when Boris Johnson win this election on Thursday. if repeat again 2017 scenario, it will be a huge bearish back to 1.22 zone.
As i predicted last week, NZDCHF bullish start rejection on the bearish zone. It already break the daily support uptrend line. This week we will have Interest rate decision for Swiss and i guess it will
i think this week will be a slowwwww week. All the investor waiting for trade war tariff direction due on 15th. wait confirmation for next move.
How far it can rocket at this bearish zone? RSI already overbought, if want play safe then we can sell at red line. For those already open sell, just wait. Patient drive you profit.
Observe the month data, it is still down trend mode. The up trend is temporary for retracement. For clearer picture, we switch to DAY TF. we may start shorting now and the best is after 72.000. Observe the candle buying power is getting weak.
Observe this red line, if daily close below it, still is sideway. No way to shoot 90 pips for short period.
i believe today movement is fake break out resistance zone. RSI already shoot over 80. More seller will come in soon.
hardly predict for gold sometimes. At this moment, i still seeing is downtrend. But negative news for trade war. If day TF break 1480 level, i think it will continue up to next level. temporary i will shorting it first, SL 1482-1485. TP 1475 TP 1463 TP 1453
Observe the Day TF, it close higher high. uptrend running. best entry 1.46071 - 1.460224
Downtrend line broken. JPY has been weaked for whole week. i guess next week will fall back to the bullish zone and continue the uptrend journey.
As title, the daily resistant still not yet break, it stop excatly and do sideway! I will short it first, the best entry is 139 level.
Nothing suprise news boost on Eur economy. All EUR major pairs falls. i guess it will touch back to the trend line only will break the minor support. If it break the greenbox it will look for next support.
Ok, today famous topic from bloomberg was the electric trucks and armour protection,40k wow!! Stock rocket up and hit the supply zone! I guess it will sink and back to the demand zone, or "close the gap"? Buyer can ready to enter with low prices again...
if break the trend line, it will down to another demand zone. bullish power still strong for sterling, i assume it will only do market correction and continue rocket~
Major trend still downtrend. I guess it will retrace back before brexit election due date.