Every time we get a heavily oversold RSI on my key MACRO levels, we get a nice rally. I will be taking profits at 141.88 first. We will have a strong rejection there as its the top end of the Supply and Demand MACRO time frame level. Will scale up as we go along, if the trendline stabilises I can see it going up to 142.8 but no further than 143.6 if we get a...
In my previous idea, I advised about buying GBPJPY at 143.80-144.10 area. As you can see, the price has moved up after hitting the area that I mentioned. If you have already bought at the support area, you can hold the trade for 145 and 147 TP. Others can see the lower time frame and then go long. For FREE SIGNALS, charts, and analysis, check my signature link...
Pound weakness needs to be capitalized on. The political uncertainty around Brexit is at an all time high and the pound is showing weakness despite strong employment and CPI data sets. Technically the currency pair is exhibiting strong bearish signals. On the daily timeframe price has dropped below the 50EMA and 200EMA signaling a high probability of a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=145.95. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=145. TP4: S2=144.5. Set the stoploss of these orders at breakout of R2=146.35. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=145.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=145.95. TP4: R2=146.4. Set the stoploss of these orders at breakout of S2=144.8. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144.2. Set the stoploss of these orders at breakout of S2=141.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.55. TP4: R2=143.85. Set the stoploss of these orders at breakout of S2=141.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=139.55. TP4: R2=140.1. Set the stoploss of these orders at breakout of S2=138.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=139.55. TP4: R2=140.1. Set the stoploss of these orders at breakout of S2=138.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Got a pretty nice set up here on the GBPJPY, GBPUSD is forming a bullish harmonic as well which bodes well for our outlook. We are approaching daily support, we already have a major wick rejection 3 candles prior around the 143 region. We have completed two bullish hamronic, RSI is creeping to oversold, Once candles show me some bullish strength I'll be looking...
What a week..... Pound melted... 100pips up for grabs if you time it well ;) Still holding gold and USD/JPY cashed in just shy of the take profit area of 113.000 Good week lets see what next week brings!
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.55. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=148.6. TP4: R2=149. Set the stoploss of these orders at breakout of S2=147.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Visual 1 First trade for new project. I will be looking to grow a £500 account to £5,000 in the next 4 weeks. I will be documenting my trades on here to look back on as a memory and to prove to anyone that it is possible. After this first project is completed i will then increase the starting balance to £2,500 and grow it to £50,000.... this is just the...
At this point, GJ made a small expanded flat and it looks like it may be going down to break trend line. It could start a downtrend from here, but I would not be surprised if it breaks trend line making an "X" wave to the equal length to 1.236 extension and then goes up to break the high, so protect any profits. I circled where the safest sell setup occurred.
All GBP pairs tumbled as PM May announced that a no deal in Brexit negotiations is better than a bad deal. GBPJPY broke a downtrend line but also met some resistance at 149.70 and reversed from there. It is now trading at 147 area. Let us see if we will get a retest of broken structure. If price doesn't break through the lower red box, look to buy. Aggressive...
Assalamualaikum and happy weekend ! Gj is forming weekly candle rejection candle on trend line. This price action is so beautiful in my opinion. I will bearish on GJ with stops around 150 area and target @ 144.237 As long as price remain below 150.00 , bearish mode is still on and valid. That's all from me, thanks ! Comment and tell me what you think abt my idea :)
this is reaching overbought and previous structure levels placing my orders for shorts here. 3 TPs. quite a generous SL good luck