EURJPY made a strong push upwards and is at a strong resistance level. I am expecting a fall to tp 1 and tp 2 ….tp 3 is open trail profits from there.
These past few weeks has been really bearish! The C&H pattern did not hold, and we broke down (see previous post). This break down started a very steep decline in price. In the chart above we can see BTC dropped almost 53% towards 3800 ~ 3900 USD. It broke right through the 100 and 200 weekly MA. There BTC got a lot of support from a high volume node, before...
The past week has so far been considered the most eventful of the last few months. And the point is not even in the number of new events that took place, but in the price dynamics in the financial markets. One of the strongest drops in the US stock market in history (during the week Nasdaq lost up to 15% of its capitalization), the Fear Index grew almost three...
Currently Trading in a 4H channel We can expect a brief test of 1.3200 level before reversing back to test the 1.3250 level and then resuming the downtrend to 1.3150 and eventually hitting 1.3100 in early March.
A week in the financial markets was held in the chronicles of the coronavirus. The epidemic is still under development. The number of deaths exceeded 700, and the number of deaths approached 40,000. A number of quarantined cities in China, many plants are idle, are already starting to disrupt the functioning of the global economy: some companies outside of China...
GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late...
ENTRY: 0.85650+- TP: 0.85350 TP2: 0.85000 TP3: 0.84700 TP4: 0.84400 SL: 0.86350 Chart time frame - 1W Time for reaching TP - 1-3W Follow, Like, Share or Comment Thanks on supporting! All best!
Dollar index is expected to go down a little bit after a day or two. Id the downward movement continues, we can expect good correction to the downside. Hit the like button and drop a comment of you enjoyed this analysis.
GBPUSD is still showing bearish movement but we need to watch 61.8 fib level which will be reached in a day or two. Trade management is the key.
Please watch DXY analysis first because DXY and EURUSD are usually inversely correlated. EURUSD Is expected to fall for a day or two to test and retest few important levels. However it has been a game of 61.8 fib levels so far. So a bullish zone lies just ahead.
Hi Traders, USDJPY has come to a region where it is a good candidate for short position. However we will have to manage the trade properly.
👀 $FCEL has moved recently, but this thing may be making a big move here 👍
Hi Traders, Here is weekly top down analysis of GBPUSD using fibonacci confluence. I am bearish on GBPUSD for now and based on few levels it can be bullish. But we must remember that we have Brexit coming too which can make this pair drop by a lot. Please hit the like button and drop a comment or query.
Hi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen. Hit the like button and leave a...
On the weekly time frame we can see that wave 3 seems to have completed to the downside and I am now looking for an entry trigger to trade wave 4 to the top of the blue structure. I will be looking at the H4 time frame for entry signals. Happy Trading! Linton White JP Markets South Africa
Target as shown in the graph, for SL level please follow money management rules or 0.618 level as reference.
Hi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking...
Hi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on...