I believe GBPJPY is going to start a range, broke out of it's previous trendline and now struggling to break 134.400 psych level
See where it goes from here, remember to react and not predict. Always remove opinion, it's not about being right it's about trading.
* Price Bounce Back From Demand Zone .
* Any 75 Min Candle Did't Give Closing below Today's Low .
* Strong RSI Divergence .
Buy When 75 Min Candle Close Above Today's High That Is 1576.5
Short signal indicated using Williams %R and Kijun.
We'll be trading this during the TKY session which could bring the price to the downside to set up the LDN session.
Upside expected tomorrow more to follow.
Cheers - PastyCow.
Hello friends, I hope you like my analysis if you have any question you can comment or support by liking it.
If you are liking to buy Asian paint then you can buy below
the lower value for delivery for towards 1600-1700
Thanks
Asian paints daily has Bat Formation.
Bat prz zone is at 1860 levels which is near with gap resistance at 1840, hence this provides us with supply zone of 1860-1840.
Stop loss can be place at 1900 levels with a target of 1700 levels.
Entry of trade can be planned on lower time frame in the zone of 1840-1860.
PLEASE DO NOT FOLLOW BLINDLY, DO YOUR OWN RESEARCH.
Higher timeframe charts show the momentum supporting for the uptrend and overall market seems for now bullish. Stock markets doing well around globally at the starting day of the week. This might be something to do with cheaper fiat currencies around the globe making it easier to spend cash on buying stocks.
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Since AUDUSD is above 0.6900, its purchases seem to us profitable. But in any case, remember the Australian...
KRX:KOSPI is looking pretty bad. The overall chart looks bearish and the fundamentals are not getting much better. The uptrend stops reaching the red resistance channels which is another bearish indicator.
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Some speculate that if there is a trade deal between the US and China DXY will weaken significantly on potential expectations that global growth will increase. However, the trend of the 2019 global growth slowdown has yet to moderate and if anything this trend is only increasing its momentum. DXY though is clearly fixed in an rising wedge, a bearish reversal...
Hey everyone,
you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back!
Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode...
The currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100%...
now in an extended wave 5. look out for possible top around the 271xx-274xx area
intersection of two long term resistance and a previous congested area,
extended wave 5 target projected from length of wave 0-wave 3 ( 1.618) also matches with such target
More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones
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How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last...
