Evening guys British Pound sustains drop as May comments on fears for coming Brexit... (138.831-139.090) which may activate some rebound correction Below (1.2080) on cable will indicate further downside on all sterling pairs will be expected toward (1.2000) zone with the gates then opening for (1.10 and 1.00). GL and please remember to like and comment your...
The 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs....
Hi folks, The GBPJPY has been grind inside a downward wedge for a couple of weeks. The over all trend for the GBPJPY is bearish. I am looking for a break below the shorter term support (little/shorter yellow line on the chart). When/if this level breaks, I will short and place a stop outside the 'main' resistance (somewhere around 142.00 and ride this pair to the...
Of all GBP pairs that went up simultaneously after 'May spoke about hard-brexit, GBPJPY was one of the few that did NOT touch the 10EMA on the way up. That is curious, because most GBP did. That is a good indicator that GBPJPY short is strong. All three trend lines is on their way to make a major cross. It's worth keeping an eye on this one the for the week. To be...
Gbpjpy broke head and shoulder pattern recently, signaling long term sell. We can expect short entry by retest from 200 ema which will be great entry for this pair.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time,...
-GBP/JPY manages to break the previous support zone strongly. -There is less resistance on the upside. -Risk to Reward Ratio is 1:2 We are bullish on this trade. EP: 145.486 SL: 141.841 TP: 153.625 Btw, this trade got little positive swap :)
Now Im in short from 140.52 SL 140.77 Pending buy on 133.56 Lets see Your coment and like welcome! :-)
Hi traders, this may be late but i want to show you anyway cause it lines up with some of my previous analysis and that would be a valid trade for my strategies. Here we are retesting a level of previous reistance (black line); as usual we look for trading opportunities in lower timeframes in situation like this. A good trading opportunity would be that double...
Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE. 1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008. 2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.