Failure to breakout of the wedge after the 4th attempt will bring HEAVY selling pressure.
Keep it simple. TL Bounce. Small Risk Large Reward. GL
Based on the clones, if price were to hold here, we are going to see 1 of the two bounces highlighted. And obviously if there's a break below we will be in for some more downside in this pair. I took a small long position with a stop below the red line. IMO I see the smaller up move as a more plausible idea. Time to sit back, and then wait and see how it develops.
GBPJPY in a nasty downtrend. Looking for a reversal around the PRZ D Point. Will wait to see the reaction to this price before entering.
Consolidation under the 200 Ema 20 and ZL Ema pressuring down. Downward momentum on MACD. 3 reason to go short on Gold.
MacD looks interesting. Trendline holding. RBA Meeting next week. 3 Reasons to open a short now or at the beginning of week 14. GL!
RBA Meeting Next week (forecasted rates will stay on hold) USD NFP Good MACD MoMo down. 3 Reasons to open a short now, or beginning of week 14
interesting to see how this week plays out.
Seeing a nice trend continuiation on the weekly chart, spurred me to short at highest price thus far today
False breakout of the 200 EMA bringing heavy selling pressure. Clone suggests new lows. I'm in Short
Looking like bulls have taken over this pair in the short term. Bullish bias as long as 125 holds. I'm in Long here
Looking like a break at $1221 time to test the next S Level. I'm in
PA seems very convincing. Major divergence on the chart with MacD
Will the downtrend continue? Or will it break? Very important week ahead on this pair.
Compelling bounce off the previous R level makes it seem as though this pair is getting ready to drop. Likewise it could also test the falling TL R and S levels shown Read PA before entering Catch the impulse, do not play around in the consolidaton.
Failure to break above the trend line and first S level will signal a sell and we should see an impulse down. Breaks above 7240 will test the 200 EMA Breaks above the 200 EMA will test the shown R Levels Outlook: Bearish However we are not afraid to take a long position if 7240 breaks Read the PA before entering the market Catch the impulse, don't play around...
Looking for a retest of the 200 EMA. Breaks above will send this pair to the shown R levels. Breaks below the previous tested S level, will send this pair to test the next S levels. Major bullish momentum on MacD Ill be looking for more upside confirmation this week
Bearish signal continues. Yen in high demand. Aud depreciating