Hi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking...
Hi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on...
Hi Traders, GBPJPY has 2 opportunities right now. One is Cypher Pattern play for long positions which can give us 120 pips. Then we have break of structure play downward which can give us 180 Pips. We need to be careful as this is weekend and we have news expected. We should have stops wider in such cases if we want to jump in. Please feel free to comment or ask...
Hello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.
Hello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.
Hello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.