Price currently at basis (middle bollinger band) of 4H. 4H BB has been squeezing. A normal breakout of 4H band is 420 pip distance from top to lower band. The tightest squeeze is 300 pip distance. Right now price is at 380 pip distance. Expecting price to continue up on higher time frame. But still watching for pullbacks. Major news tonight and tomorrow. Price may...
Expecting price to continue up to next resistance area today. Following the bullish engulfing on daily. Price made its low for the day and will continue bullish momentum.
Bullish divergence on multiple time frames. Wedge on 1h Nd under. Looking for pullback to pivot point. Possible continuation to R1.
As my bias stands on GJ getting reading for swing Breakout soon. I am open to the possibility of a pennant forming. Will see how price reacts but will still keep original setup as primary. See related idea link for original bullish swing setup.
Expecting price to bottom out at daily support level 152.200 - 152.500. Price rejected -23.6% weekly fib level and and test the top of Fib 0.00% (see link idea). Correlates with 4H Bollinger Band Support. There is a massive "W" forming on Monthly chart. Weekly 200 Bollinger Band has squeezed. Looking for breakout to upside the rest of this year. Major buy setups...
Price reversed from -23.6% TP level. Looking for retest of 0.00% Fib and continuation to upside to break weekly 200 Bollinger band squeeze and complete W formation on Monthly. Price reversal some where between 152.200 and 152.500. Which is also bottom of 4H 200 Bollinger band . Swing Trade setup rest of this year will be a big push. Looking for major movements soon.
Daily Bullish Flag has been established. See related link. The details of the flag pattern right now is price started making higher lows while continuously making lower highs. Therefore price is respecting support trend line and 200 Bollinger band has squeezed indicating a breakout will occur soon. Being that there is major news next week on the 23rd and 24th...
The bigger picture of GJ Analysis is a bullish flag pattern on Daily. I will be posting a 1H Analysis of this pattern to show a detailed analysis.
Price rejecting top trend line in flag. Looking for price to reach bottom of trend line and act as support. Will be high impact USD news this afternoon. Expecting price to reach trend line before news. The news will most likely make price reject and pull back up. Being that everytime price reaches .700 or lower it rejects strongly before the day is over with. It's...
Price is still respecting falling flag channel on 4H. Currently broke structure and created a higher high and now higher low. While breaking structure it created an upwards channel within the falling channel. Still expecting price to break to upside. Once price reaches 156.600-157 that could be a turning point for a major pull back or the point of continuation for...
Attached are my related idea links of my top down Analysis of weekly, daily and now 4H. Price is at Daily Support level. Also at bottom of Daily pennant where the daily is oversold and now the 4H is oversold. Looking for price to reject level. This is a higher time frame move so you must be patient for the real move. Once price breaks you can expect it to make...
Price was making 4H Bullish Pennants to continue up trend. Trend pushed all the way to top of weekly Bollinger band where it is squeezing waiting to breakout. New pennant formed on Daily now instead of 4H which shows strong trend continuation for weekly breakout of Bollinger band. Also you can see price is near oversold area on daily. Another sign of strong...
Price made Double bottom on monthly and weekly. (Go to chart and Zoom out). 200 Bollinger band squeezed on daily and broke out. Currently at top of squeeze for weekly 200 Bollinger band. Looking for price to break out of band on weekly to continue trend and complete the Monthly/weekly "W" form (long term).
Price currently showing strong signs of rejection from 61.8% fib level. If 4H candle closes with this momentum it will create 4H Bullish Flag. Sign of continuation. Looking for price to reach 156.600 area as TP 1 which is top of weekly zone. TP 2 looking for 157 area which is weekly Fib TP level at -23.6%.
Price has been making lower highs confirming top of pennant. Price currently created a doji at a Daily support/resistance level. Once market opens up next week looking for price to confirm this area as a rejection to create second touch for bottom of pennant and higher low. Still expecting price to reach 157 area of Weekly Fib. If this pennant pans out then I will...
Was waiting to see what continuation pattern would form after last 4H pennant breakout. Looks like a 1H/4H Flag is forming for the next continuation to the upside. Still looking for price to hit 157 at weekly Fib level -23.6%. TP 1 at Weekly resistance level 156.600 and TP 2 at 157. Once price reaches 157 we will see how the market reacts at that level. 157 level...
Price forming a pennant. Sign of trend continuation. Looking for price to breakout and hit 156.600 (Weekly Resistance level). Also looking for price to break that level and reach Weekly Fib TP level at -23.6% (157.000 area).
Bullish Flag indicating trend continuation. USD news during new york session will most likely make GBP currency stronger in confluence with technical analysis. Looking for price to hit Weekly Fib TP level at 157 still. Short Term TP 1 is 156.400 and TP 2 is 156.600.