last week EJ made a strong supply zone and break support wait for price to comeback to the supply zone to short
fundamentally
BOJ are having second thoughts on their policy ( which may make investor turn eyes on jpy again )
EUR - investors lost trust on ecb after their recent news
PS: i dont take trade based on fundamental news , however just by knowing whats...
Hello everyone,
On this short term trade I bring my technical analysis on the GBPUSD pair. The asset as break the ascending trend line downwards and with a stronger dollar momentum I’m personally looking to sell the asset on this correction thinking that the price as more room to fall until the 1.3060 level.
Key Note: Using the anti correlation formula we...
We are expecting this pair to fall following rising flag or bearish flag pattern
There are 2 things expected when the pair reaches 0.7470
1. A rejection that will form double bottom targeting 0.7860
2. A break down satisfying the bearish flag fall targeting 0.7230
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We have seen a EURUSD going up for long,
it got rejected up to the neckline level, and when it was suppose to be rejected on the shoulder level it went though up, creating a head, it went back to the neckline, now we should be completing a shoulder then we go down for days!!
Dollar-Yen had a double penetration breakout last week, breakout of horizontal resistance as well as the significant trendline which was established since early Jan 2017.
What this means is that the upside potential are greater. I am seeing slight consolidation for USDJPY now and it seems healthy and well setup for further bull run.
Risk to reward with setup...
Dollar had a good run last week, so its ok for Dollar to have a short break before it before it pump up again.
I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull.
Fundamentally, datas are promising and Feds are positive on improved economy. Given rising inflation, fed...
The 4-hour chart of EUR/USD has formed a bearish Gartley pattern.
It has also penetrated the support value at 1.17200.
It can make a 100% retracement upto the value of 1.15100. If the support breaks then we make expect a move upto 161% extension
we have an overall bearish bias on multiple time frames and currently have a head and shoulders pattern forming. I expect this pairto move lower if we break the trendline on the right shoulder
Weekly chart
- Past 5weeks candlestick bar in range after strong bull 7weeks before.
- Pin Bar formed after retracement.
- Range inside bar with bullish probability.
Daily Chart
- 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018).
- Clear Sideway Range with 3x bullish pin bar formed.
- Reversal bar formed recently at Daily S1...
Weekly chart
Past 5weeks candlestick bar in range after strong bull 7weeks before.
Pin Bar formed after retracement.
Range inside bar with bullish probability.
Daily Chart
2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018).
Clear Sideway Range with 3x bullish pin bar formed.
Reversal bar formed recently at Daily S1...
Price move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement.
We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line.
Hence looking for a affirmative signal to buy this pair.
price is currently accumulating volume in consolidation between a supply and demand zone. I am expecting price to retest the supply zone which is also near the 38.2 FIB level of resistance.
We will wait to see how price react at this zone to determine our position. Aggressive entry would be after a daily rejection off this area. Conservative entry would be after...
EURUSD is currently in consolidation while also forming it's "right shoulder"
I am expecting price to rise a bit more to the 38.2 FIB level near the supply zone. From where we will see how price react
Overall analysis is down trend but we shall see as the market can do whatever it wants.
Here is a simple price action technical analysis on eurjpy short.
There are some harmonic confluences on my other chart but here is a cleaner price action chart
EUR/USD Seems moving nearby it's support price @ 1.15294, It's high chances to sell until price @ 1.15088 upon DXY bullish infulence.
Also there is a chances for little correction by bullish until nearby resistance price @ 1.15946 afterwords it may bearish until strong support 1.15088
these levels i think will be important to watch in the next week.
could be setting up for a great head and shoulders, if not then the trend will be confirmed and it should keep chugging along.
Monthly candle showing bull after previous month wicked short.
price should get to 70.00, if it rejects should hit 67.50
if it breaks 70.00 should hit 71.20
Friday burst off the consolidation looking to hit 70.00, still has some area to cover if it wants to test it.
I haven't analysed oil much but on the monthly there is a obvious higher low on the 1st-jun...
GJ Pulled back up to the 50 fib level and resistance. Early entry to continue the trend. First target is 143.5 at the double bottom and target 2 is 142.4 to create a new LL at the 1.618 fib extension
