ForexWheel

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Joined Lagos, Nigeria fxwheel
Markets Allocation
100 % forex
Top Mentioned Symbols
EURJPY 28% | 2 GBPUSD 28% | 2 XAUUSD 14% | 1 CADJPY 14% | 1
ForexWheel ForexWheel GBPUSD, D, Short ,
GBPUSD: GBP USD Daily Technical Analysis
45 0 0
GBPUSD, D Short
GBP USD Daily Technical Analysis

Pin bar on daily chart means this pair could gradually turn our attention to the downside for few days. Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low. Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA). if today price closes below 38.2% of ...

ForexWheel ForexWheel CADJPY, 240, Short ,
CADJPY: Head and Shoulder pattern on CADJPY 4Hrs Chart
23 0 1
CADJPY, 240 Short
Head and Shoulder pattern on CADJPY 4Hrs Chart

I think this pair will be bearish for a few moment, considering the head and shoulder pattern formed. Price is already at the neck waiting for a break downward. If it spikes up, sell it and ride it to the key supports drawn on the chart. Happy Trading.

ForexWheel ForexWheel XAUUSD, 240, Short ,
XAUUSD: SELL GOLD
76 0 1
XAUUSD, 240 Short
SELL GOLD

The Gold has enjoyed a little rally and it's good enough a retracement for another bearish week. Starting today.

ForexWheel ForexWheel GBPUSD, D, Short ,
GBPUSD: GBPUSD SHORT & LONG VIEWS
77 0 1
GBPUSD, D Short
GBPUSD SHORT & LONG VIEWS

Currently the short term view of GBPUSD is short after a pin-bar candlestick formed on yesterday close. I expect this pair to fall today. And if today closes below the 0.5 Fibonacci arc, then it should fall more. My possible entry for long position is around the 0764 Fibonacci retracement, which is also the bottom of the channel.

ForexWheel ForexWheel USDJPY, D, Long ,
USDJPY: USDJPY
93 0 1
USDJPY, D Long
USDJPY

Pin bar formation on a strong support, 0.618 Fibonacci retracement means next day candle will be a bull. Watch out.

ForexWheel ForexWheel EURJPY, D, Long ,
EURJPY: EUR/JPY LONG VIEW
260 0 1
EURJPY, D Long
EUR/JPY LONG VIEW

With this daily chart price action, it would really be a nice moment to look for an opportunity to go long on this pair considering the previous xdays fall as a mere retracement of the overall bullish bias.

ForexWheel ForexWheel EURJPY, D, Long ,
EURJPY: EUR/JPY LONG VIEW
91 0 1
EURJPY, D Long
EUR/JPY LONG VIEW

With this daily chart price action, it would really be a nice moment to look for an opportunity to go long on this pair considering the previous xdays fall as a mere retracement to the overall bullish bias.

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