It's been a while, but I think I am back again.
Glancing over at the chart and indicators we can see that we have reached some stress points especially in the long term for the pair in MACD and RSI.
The last I had a look, the charts were reading around 150 region, today it is sitting around 185 and I believe the decline has begun.
My analysis this time around is based upon how the market moved last year, the overall pricing of the pair, the knowing of Christmas being on the way and of course indicators.
Last year around the same time we had a downward movement that appeared about 3 weeks into the month. The decline was preceded by a rise, ousting all possible gains of the week before. Keep this in mind when attempting to enter your position.
180+ region is has been visited before, but not often. The last time around the current price was 2015, and before then was just before the 2008 recession. Due to this logic, I am anticipating a decline to as low as 125.
Greed is one of the most devastating vices of man. I have entered multiple trades and have set my TP to the 158 region.
Christmas is on the way, and I cannot think of a reason for either Brits or Japanese to travel aggressively to either country. Instead, the world appears to be preparing for a new monetary transfer from fiat to digital. I believe the decline will be inline with previous movement and slow transition of Agenda 2030.
My best entry point for this move was at 185.699, but it may be possible for the price to rise above this, to what I anticipate to be 186.
So far I am netting a total of 6430 pips.
Let me know what you think.
Glancing over at the chart and indicators we can see that we have reached some stress points especially in the long term for the pair in MACD and RSI.
The last I had a look, the charts were reading around 150 region, today it is sitting around 185 and I believe the decline has begun.
My analysis this time around is based upon how the market moved last year, the overall pricing of the pair, the knowing of Christmas being on the way and of course indicators.
Last year around the same time we had a downward movement that appeared about 3 weeks into the month. The decline was preceded by a rise, ousting all possible gains of the week before. Keep this in mind when attempting to enter your position.
180+ region is has been visited before, but not often. The last time around the current price was 2015, and before then was just before the 2008 recession. Due to this logic, I am anticipating a decline to as low as 125.
Greed is one of the most devastating vices of man. I have entered multiple trades and have set my TP to the 158 region.
Christmas is on the way, and I cannot think of a reason for either Brits or Japanese to travel aggressively to either country. Instead, the world appears to be preparing for a new monetary transfer from fiat to digital. I believe the decline will be inline with previous movement and slow transition of Agenda 2030.
My best entry point for this move was at 185.699, but it may be possible for the price to rise above this, to what I anticipate to be 186.
So far I am netting a total of 6430 pips.
Let me know what you think.
