What's good y'all?!
Your boy's been in the lab on some other projects, but I still stay looking at the charts.
From the Daily we can see that price broke structure, retested Kijun, and continued the downtrend.
We can also see tons of confluence as far as the Dark Future and the rejection off of the 71% fib.
I'd be looking for more movement to the downside for next week.
- Daily
Market closed with a strong bearish candle today. I didn't post yesterday because I didn't see much of a change from my previous assessment of the market.
On this timeframe we can see how price played right off of the 786 Fib level and began pushing to the downside. Price may stay within the channel, but if it's a confirmed break, then we could look for...
- Daily
Wednesday closed with a doji. Nothing much changed from my previous forecast for the pair.
On Thursday, price came back within the channel in a major way and closed below 125.000. This could mean price may make its way towards 120.000 in the long run.
- 4H
Like I said before, price has comeback and hit the other side of the channel yesterday....
Wednesday didn't show much difference to report. Price consolidated and created a doji.
On Thursday we saw a massive bearish candle created and closed on the other side of the zone. This could be a signal for more bearish momentum in the future.
However, if we take a look at "recent" price movement on the Monthly timeframe, we can see something interesting. The...
- Daily
UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision.
- 4H
Price is still within the range drawn from yesterday....
- Daily
Price closed with a small bearish candle. Everything is still above the cloud signaling bullish momentum. We could see a reversal soon.
- 4H
Price has come to rest near 78.6 This could be where we see price reverse back to the upside. It's no guarantee since we see price falling back inside the channel.
- 1H
We can see a strong rejection off of 78.6....
- Daily
EU finished with another bearish day. Everything is below the Kumo signaling more bearish momentum. We've come in contact with 1.13000. This price seem to be tested before dropping a little further into 1.12500 range.
- 4H
Price is showing more bearish tendencies on this timeframe too. We could be looking at a continuation to 1.1250.
- 1H
Currently...
- Daily
The daily candle closed with a small bearish doji. Not a lot of movement. Price is showing signs of possible bulls taking over again and hitting the top of the channel, or finding rest around 112.500.
- 4H
Price has been in a range of consolidation all day. We could see this continue into the morning, or at least London Opening.
- 1H
There are some...
- Daily
Price has shown a strong rejection off of the overall trend. As an added bonus, there was a break of the counter trend.
- 4H
Price has broken Kijun and entered the cloud; Chikou right along with it. There are signs that the bearish momentum is continuing:
- Kumo Twist
- Price and Chikou below Kijun
We could see a possible buy setup closer to...
- Daily
The daily candle closed bearish today rejecting the zone drawn around 127.500. JPY pairs across the board are appearing to have some bearish momentum. Some of my partners that look at other pairs saw similar findings on other JPY pairs. This looks like a solid railroad formation (tweezer top). We could see more from this pullback.
- 4H
We see a nice "M"...
- Weekly
EURUSD has been on a significant downtrend over the last year and continues. Price is below the cloud, so we could expect more bearish momentum.
- Daily
Price has bounced off of the bearish trend line and broken a bullish counter trend (4H). We can see that the area around 1.1250 is an area that has been tested multiple times. It could be a nice TP Zone...
-Weekly
EJ has been on a downtrend over the passed year. Lower Lows and Lower Highs. Price is below the Kumo which means we may be experiencing more down trending movement. The previous week ended with a strong bullish candle finding resistance at 127.500. With such a strong push we may see a push back to 130.000.
- Daily
Price has climbed back to the other side...
What's good everyone?
I'm trying something a little different these next few weeks.
I'm only going to focus on UJ, EJ, and EU as my trading pairs to gain a solid understanding of these 3. So let's start with eveyone's bae, UJ!
- Weekly
Over the last couple of years price has been in forming a Bullish pennant pattern. Creating higher lows and finding resistance...
Entry - 55.82
SL - 56.39
TP1 - 55.12
TP2 - 54.44
What's good everyone?!
Apologies for not posting any of my trades from last week. Needed to get my mind right.
Anyway, I decided to take a look at that liquid gold (not the cheesy stuff lol).
Upon Daily analysis of the current channel price is playing within, we see that it has come to the top, or possibly met...
