Will 168.700 hold? In my opinion it will hold and send the price to 170.00 which will not hold and price will set new uptrend...
The set up is clean and simple. Although it goes against the major, recent downtrend, I think it’s got potential to the upside and I like the risk reward. I’m targeting a profit of 400 pips with less than 100 pips risk. Best yet, I think the trade actually has potential to hit the profit target this week. For a full explanation of this trade, read my blog post...
So looking at this pair there is potential to see us have a harmonic leg up to point C of the cypher which has shown previous resistance and seen the pair drop, this woudl also take us into the over sold area of the RSI. will wait for confirmation
GBPCAD - Daily chart perspective. This is the expectation. But before it takes off to either side, my expectation is a prolonged correction. Of course if price breaks out of the structure, I will look for trading opportunities. Until that I will trade small movements within the structure.
Entry 169.3 Sl. 168 TP 1.75 176 180
Thinking there is a trend reversal after support bounce off 166.366 and continued up. Put a price entry at 171.341 to create a new higher high
It's been a long time since I've posted but here is a pair to look out for. Good Luck!
For the past 55 days price action for FX:GBPJPY0.64% has declined just shy of 2,000 pips from 188.75 to 169.15 while beginning to possibly slowdown near levels not seen since October 2014. The massive decline is currently very extended and can possibly experience a bit of profit taking in the near term. Trade Idea: I will look for bearish corrections on a lower...
As I showed you in yesterday's video, the fun thing about trading is the fact that we are constantly updating and adjusting our analysis to go along with the recent price moves. The recent moves on the GBPJPY have eliminated my harmonic predictions, yet have opened up a new opportunity in the form of a second advanced pattern. Akil Stokes Chief Currency...
Hello Traders! As we promised for some Traders, there is the GBPJPY daily detailed forecast by the EWA/EWP analysis! Excuse us for the long wait. By popular demand, we present you, 3 additional video-forecasts within GBPJPY currency pair. GBPJPY - FORECAST! (1-st variant) - youtu.be GBPJPY - FORECAST! (2-nd variant) - youtu.be GBPJPY - FORECAST! (3-d...
Looking like a long play in action on the daily time frame. I don't see price action breaking this buy zone. There should be room for a nice profit.
GBPJPY currently strugling to break between 100pips of its high-low position, strong support at decision area giving me idea that the pair is going to continue climb and break the resistance. However i would be more cautions if the price comeback again at decision area. It could be a downtrend continuation. Always lock position at 30 pips
Hello guys, This is my second analysis. So don't judge me. It is simply an Idea. As you can see in the chart, there is a beautiful flag formation. However, it is a crucial moment. Will the price break and go down and hit the possible flag formation target which is around 179.100 - 179.000 or the Support area will hold and send the price up again? I honestly...
Buy opportunity on the AB=CD pattern formation, first target 182.00,second target 183.00,third target 183.90. S/L at 179.85. -RISK DISCLOSURE- All traders should take their trade in their own risk, I do not hold any responsibility.
I fixed my wave model, it model in a more positive way to show, I try to catch WAVE5, the purchase price will be the way orders (183.15).
Blue horizontal line previously acted as a resistance which can be clearly seen here.