DenzelTC

DenzelTC

oh well..... i know some are probably still bitter after your OB failed but maybe you might see a chance to go long after all. So it looks the market actually left another valid OB and it might be coming back for a lil re-union. I'm not saying it's a chance for revenge but i'm just saying it might have just been another case of good idea wrong timing.

DenzelTC

initially i'm waiting for a long position around the 1.3710 area but if it gives me a free ride there i'm taking it.

DenzelTC

The previously bearish EURJPY is showing signs of reversal after a second attempt to break through the previous area of demand forming a low key "w" formation. However these two lows have shown divergence on the Awesome Oscilator - a sign that result in strong bullish momentum back to the previous area of supply or atleast this is how i see it. Please fell free to...

DenzelTC

Initially I will be waiting to short the pair and already have posted the idea on my profile which you can check out but in the meantime we can also find buying opportunities there for maybe 80 to a 100 pips or if you are courageous enough, a bit more .. we can see it has been rejecting the support level also there being a trend line with some previous candles...

DenzelTC

EURJPY has been falling lately , broke through a support level but now we might expect it to retest to that level before it continues to fall on its long term correction move so I will be personally looking for shorting opportunities on the 1HR chart when it reaches that level and also touches the 200ma ... trying to get as much confluence as I can get ....but oh...

DenzelTC

The pair is likely to shoot up to that 1.1940 - 1.1960 something area since we recently saw wicks on the last few candles on the daily chart closing above the 200ma signaling possible rejection atleast as according to me where i would be personally looking for sell opportunities in that area when reaches the 1964 resistance area where there is also a retest of a...

DenzelTC

The GBPUSD is resting 2 major trendlines and also forming its second shoulder ( head and shoulders pattern) which after we can probably see a fall of about 300 or more pips continuing its downtrend on the 4hr chart and partially the daily as well i personally have been checking this pair for quite sometime now using my indicators which most of i didn't fully...

DenzelTC

The pair still is showing signs of continuation (up trend) and is now retesting 2 key levels including the previously broken resistance turned support .... probably going back to somewhere around the 71 area but oh well lets wait and see .... Critics or comments below if any ... :)

DenzelTC

With the correlation between Gold and the USDJPY, we have noticed that Gold is showing signs of dropping to points around the 1420's meaning the USDJPY might be on the rise for about 150pips+ as shown on the chart above and to the 110 point where there is an area of confluence and then from then we will find reversal patterns and short the pair to around the...

DenzelTC

the EURNZD is just in the process of making its second shoulder at the same time it just hit a resistant level and also my trend line in the analysis above looking forward to short as soon we get a strong reversal signal

DenzelTC

the pair has hit a strong support now turned resistance line found from the monthly time frame going down also a the trend line in the daily time frame ...... which is most likely to continue with the downtrend towards the 105 area. However with the news coming up next week we will have to wait and see how this goes. If you have any additions or thoughts i...