On a weekly time frame we can see that EURUSD has been in a range since January of 2015 with the weekly resistance of 1.14200 being very powerful with many candlesticks not being able to break it. In recent months it rallied up from the low of the range but looks like buyers are loosing momentum again and we can expect sellers to be on the attack. The Risk Reward...
GBPAUD has been between the 1.7800 High to the 1.5800 Low Range since July of 2016 with a strong support turned resistance around the 1.70600. It has been in the downtrend since May currently retracing but expecting it to continue in a downtrend. I would wait for a break of the CTL and go Short.
-Possible Bullish flag pattern forming -Support level at 1.26 -If support doesn't break enter on the swing low
Self explanatory chart: CONFLUENCES _____________________________________________ Bullish resistance broken indicating strong bullish sentiment Approaching Monthly Resistance at 1.34600 -------------------------------------------------------------------- Wait to see price action when it approaches monthly resistance if price is...
Monthly Downtrend Weekly Downtrend Hour 4 declining trend-line respect 50% fib 21,SMA 8 EMA cross over
Potential short with GBP/JPY. Recently price has been trading in a wedge range. The support has been broken, re-tested and looks prime for a short. Before entry I need further confirmation from an EMA(8) and SMA(21) cross-over. My target (1) will be the next area of support at the weekly support 136.500.
MA ON 4HR HAS CROSSOVER MULTI REJECTION ON 0.76930-40 AREA TREND LINE BREAK AND RESTED
IT MIGHT RESTEST ITS PREVIOUS SUPPORT AT 1.5310 AND THEN PULL BACK AGAIN
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GBPUSD So far my long @ 1.3070 is working out great...... the next battle will be @ 50sma 1.3200 Gann Analysis
USDJPY approaching the bottom of the range. Looking to go long to that 123.60 area. Tight stop below 115.70 .
Watch the Fake Out Break Out ( FOBO) here. Looking for a real kiss of that 50% retrace or 61.8%. Not convinced to go long here. Feels likethe institutions running this up to move it lower. Target 1 : 1.0786