ForexGoldenBoy

ForexGoldenBoy

This pair falls like the most par of the pairs in counterparty JPY Generally speaking, it is the yen that seems to be impacted at the fundamental level. This manifests itself on this pair in particular in the form of a V-TOP A bearish reversal pattern after a new high The future looks bearish for NZDJPY

ForexGoldenBoy

The 1st pullback did not work. However, as long as prices remain below resistance, the pullback is not invalidated. So the pair remains in pullback and prices can still fall back. I am therefore sticking to my bearish scenario and continuing to sell the pair. But with resistance very close, the scenario is riskier than ever.

ForexGoldenBoy

Bullish resistance has been broken. The pullback has just ended and this same resistance has been broken again. The resistance doesn't look like it will hold much longer I expect the pair to continue rising

ForexGoldenBoy

The trend is clearly bearish Solid support Prices haven't even touched it and are already falling back Theoretically, this is a bearish reversal configuration A bearish rebound may not be long in coming

ForexGoldenBoy

Prices have returned to the downside, as anticipated in my previous analysis (see below). It's been a long pullback, but it's finally here. Prices have once again bumped into the bullish resistance of October 21, 2022. In theory, this figure could heralds the continuation of the downtrend.

ForexGoldenBoy

Prices on the pair have just broken back above bearish support which now makes it bearish resistance And a pullback seems to be underway. Until proven otherwise, I'm buying the pair.

ForexGoldenBoy Updated 

On the pair, support has shifted from the buyers' to the sellers' camp This is a bearish rebound configuration In theory, prices could soon start to fall again

ForexGoldenBoy

Prices are following a bearish support in contact with which the market has already bounced down several times. As it happens, prices are now back on this support. So, in theory, it's likely that prices will bounce back down again. So, I sell the pair

ForexGoldenBoy

In the short term, the pair is perfectly bullish. Prices return to bullish support as if nothing had happened But in such cases, the theory is that prices will bounce back. back to where they came from, in other words upwards. Under these conditions : I buy EURGBP Good Trade, Good Mindset !

ForexGoldenBoy

The chart shows a symmetrical triangle broken at the top. This is a bullish continuation pattern. It implies that, in the market's tug-of-war, the sellers have lost. In theory, a bullish continuation should follow. Good luck and good mindset

ForexGoldenBoy

The trend is clearly downward Prices have bounced off the bearish support and could now head back down Nothing is guaranteed, but as long as prices are in the red zone, I'm selling the pair.

ForexGoldenBoy

The trend is clearly upwards and prices are close to support. Under these conditions, theory would suggest a bullish continuation. This is precisely the strategy I have in mind for the pair.

ForexGoldenBoy

In my humble opinion, this resistance won't last much longer. And according to theory, this configuration is rather favourable to a bullish continuation. Finally, on the whole, CHF seems to be losing ground on other counterparts too. Personally, I can see the pair rising even higher soon

ForexGoldenBoy Updated 

Resistance has become support. Prices could use it to bounce back upwards.

ForexGoldenBoy

Already the end of my express bearish scenario of last week Fundamental analysis leads me to revise my previous analysis The dollar seems to be weakening against its counterparts on more than one pair. So, I believe that these new data are overtaking the previous ones. I therefore imagine that rather than moving away from it, this pair could go back up to break...

ForexGoldenBoy

A lovely breakout just the way we like it... An increase in volume just the way we like it... A pullback just the way we like it... Nothing to say, the buyers are doing their job perfectly I follow in their footsteps and also buy GBPUSD

ForexGoldenBoy

Flagrant downtrend A bullish retracement as it should be The not-at-all-subtle B.R.E.A.K.O.U.T. And finally, a crazy pullback Magnificoooooo a clean scenario, just the way we like it I'm buying

ForexGoldenBoy

As the chart shows Prices have moved from the red to the green zone breaking the bearish support of the downtrend in the process. This is a bullish reversal pattern. So, from now on, I'm buying this pair!