Short CHJPY at 149.800 stops above 150.720 targets as low as 147.152. This bearish bat has completed its D leg at the 161 fib extension. It has been a long time since I drew this harmonic patterns. Hope this works out. Use proper money management.
short gbpjpy if break the level that mentioned in chart. because flag is confirmed, two internal candle are break
tp level is cluster of fibonacci and abcd zigzag.
The train was going down today so I was looking for a good seat. When I arrived everyone was in sells already. Not going to lie I did have FOMO, But I was patient and outlined an area where GJ could keep coming down to. 8EST , 30m candle closed beneath the candles to the left, waited for next 15m of the new 30m to form, it formed bearish, the next 15m came up and...
After failure of rising above 134.72, GJ continue to fall slowly.
Looking at Leading diagonal formed as five waves, we assume this pair will be bearish at least fifty percent of High low 134.72 / 124.11.
Selling pressure assume will end at 129.3 before looking for price action on buying opportunity.
I didn't take into consideration spread upon entry. My 5 pip SL position size was filled 7 pips away from that technical pivot SL area. This is a lesson learned and next time I will take into consideration the spread before entry. If I am still filled at a price that is significant from original calculated position size then I will exit, then enter with correct...
BOJ - 3trn increase in annual ETF Purchases + $24bn increase in USD funding for banks
1. The BOJ on Friday delivered a shockingly poor package, imo they changed the snallest part of their current QQE programme.
2. What was interesting though was the markets reaction - immediately after the decision $Yen spiked higher then lower to 103 level but from then and...
BOJ Miss - Sell GBPJPY @Market price; 129tp1 - up to 800pips.
1. A BOJ miss can be considered as delivering the median expectations e.g. 10bps cut to the depo (-0.2%), 10bps cut to the LSP (-0.1%), Yen10trn increase in monthly JGB purchases & 50% Increase in Annual ETF purchases e.g. 3.3trn-5trn. Fiscal Stimulus Yen10-15trn.
- The package above or less...
An analysis of which LONG has the best value against the short GBP to play the Brexit. [
- GBPUSD has a target handle of 1.385.
- GBPJPY target handle at 1.483.
- GBPCHF target handle at 1.335 .
- IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
This article is a tradable summary of all of the indepth GBP$ analysis i have done recently - I aim to give you a conclusive opinion and trading plan. SEE PART 2 ALSO
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense
In a nutshell i am heavily short GU, about 8-9/10 @1.44/5 (@1.41 only 2/10) -...
I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense
SEE PART 1 ALSO
GBPUSD historical Price Action
The findings of previous the attached "Price action history posts" led to the conclusion that referendum history clearly wasn't repeating itself however IMO because this is the case it has opened up...
