AUD/NZD: BOS & CHoCH
- major trendbreak
- break of structure (BOS)
- change of character (CHoCH)
- Major support break
- POC above current price levels
- Low Volume on the way to target zone
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We have been on a strong overall downtrend with the DYX. Currently in a bullish pull back, looking for a trending sell off of the Dollar. All dollar cross pair can be impacted heavily this week! I'm keeping an eye on ETHUSD, BTCUSD, NAS100, AUDUSD & GBPUSD ! A weak dollar can push all my primaries higher! Set your alerts as we approach a trending entry!
Whats Up! Mr. Pipzz back here with another analysis
These are my thoughts for GBPJPY this week.
I can see the market pulling into either direction. So, I've identified a few key targets for both the bulls and the bears.
Not going to over explain, I'm just getting straight to the point. This week started off extremely bearish following a pullback to a small,...
$GJ is currently testing 4HR Support turned Resistance. We could see price breakthrough resistance & head towards the 38% Fib Level. Vice versa, price could fail the retest of Resistance & continue its bearish movements. I;m leaning more towards a bullish bias. *Made this post befpre big movements. Accuracy was on 100%* Trade screenshot in comment section
Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't...
Potential long on this pair, reaching a trend line that's been well respected (on the short term).. The most ideal entry around 82.55 if it shows rejection and majors UC and UJ play nicely.
Price is still in a slow downwards momentum.
1.6 zone will be a nice support zone
R:R = 1 : 1.75
Lets wait for a good level to take some action.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However,...
