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...
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Analysis:
USDCHF has been falling hard and is still downtrending. However a long term weekly trend line had just been crossed. Last week the market closed below it and it is possible that it may try to rest it.
However we also a bat pattern completing in the blue zone.
So...
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.
Traders,
There is a confluence region in the blue zone. The weekly trend line is broken. So now price can either go up to retest the trend line and then fall into the blue zone or go to the blue zone directly. Either way we can take a long position with 38.2 FIB as profit target. Overall this pair is destined to go down in medium to long...
EURUSD Another Opportunity To Add To Long Positions:
If Price reaches this confluence zone, we have good opportunity to go long.
However it must first invalidate ALT Bat pattern 38.2 Fib level @ 1.11190
Confluence of:
1. ALT Bat Pattern 61.8 retrecament target @1.10643
2. 4h Cypher Pattern 78.6/127.2 @ 1.10740
As the EURUSD is shifting its trend, we are...
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe.
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.
AUDUSD complete analysis (Part-3):
1. On higher time frame a potential Bat Pattern Could Be Forming which can give us very good long term targets
2. The entry can be in the blue zone
3. First Target(T1): The String Trend Line that I mentioned in Part-1
4. Second Target(T2): Last Highs around 0.69236
5. Extended Target(T3): 1.618 Fib Extension of BC leg
AUDUSD complete analysis (Part-2):
1. The price was very close to completing cypher pattern at 0.67683 but missed 78.6 price. In such cases we usually get a deeper cypher at 1.618 Fib Extension
2. At 0.67347 we have confluence of :
0.886 Fib Level,
1.618 Fib Extension
Cross Trend Line
HTF Support Line
Possible RSI divergence
3. This is a great place to take a...
