Short signal still valid for #GBPJPY.
The trendline was broken and "the brave" could have opened a short from there.
We prefer to miss a good opportunity to make a better trade with lower risk.
The better trade could be from 137.00 Area, which is a good Fibo confirmation level.
SL 140.370
TP 129.280
The USDCHF has created a bearish symmetric triangle.
This is a reversal chart pattern. we should see a retest before the bears take control of the situation
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As predicted the other day on here that 8200 is my 1st target and at the moment the bulls are pushing price up toward this level, if 8200 breaks then price could push up even higher as this has been a key support and resistance level in the past.
Now you can see our yellow box is our target and a possible turning point for price but the next touch of the trend...
As predicted the other day on here that 8200 is my 1st target and at the moment the bulls are pushing price up toward this level, if 8200 breaks then price could push up even higher as this has been a key support and resistance level in the past.
Now you can see our yellow box is our target and a possible turning point for price but the next touch of the trend...
EURUSD as you see on Daily chart we had very wide moves so first we had a higher high then we got a lower low and then the price went back inside sup and res. the question is are we gonna keep pushing to the downside or there will be some some kind of support ,what we could say here that our last move was a lower low and now we've got a lower high.so a lower low...
EURO STOXX 50 INDEX is the "lighthouse" of all the other EU index.
It's a little bit too early to speak about Elliot Wave Pattern but:
if confirmed we wait for it to 2560 Area. So all the other index.
#DAX first of all.
The situation is clear.When the price stabilizes in the specified area
You can enter the position with risk management
and your own strategy.
Good luck
Possible Short trade on #GBPJPY.
We have to wait for the Elliot wave to be confirmed in point 5.
As 137.00 touched (that's Fibo 61%) we can go short BUT let the price breaks the trendline first.
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Entry 137.00
SL 140.37
TP 129.29
USDCAD broke below the marked support ares and retested with bearish strong rejection
Possible bearish price movement towards the next support 1.38200 and 1.34200 within the next period.
***Comment your thoughts down below!
