MRpipsonpips

MRpipsonpips

I believe that GBPJPY will start the week off bullish. As we can see, we are at a pinnacle point that can be see two ways. A double top (followed by a sell off) or a break of resistance and formation of a new support. As you can see, we have strong volume being pumped into this pair with the engulfing candle that shoots past our resistance. From here we see a...

MRpipsonpips

I believe that USD/JPY will continue bearish at market open. Monday morning market open is always risky but I believe my analysis holds a strong case for it to remain bearish. Firstly on the 5 minute chart, we see a engulfing bearish candle with the overall session pushing to the downside. We are also trending below the 50 MA which to me indicates a continuation...

MRpipsonpips

I believe this head and shoulders pattern will play out. We are almost at a point where we could look for a sniper entry. This pair has been in a local uptrend for a while now but being an Australian resident, and the climate of my country (2nd wave of COVID cases spiking and shut down of borders looking to last until 2021), I feel its only a matter of time before...

MRpipsonpips

I believe that NAS100 will continue bullish. NAS100 has been performing bullish for a long time and I don’t see that changing any time soon. What we see here is a potential sniper entry setup for a trade that could be held for a while assuming the trend continues. On the hourly we See multiple wicks rejecting this support level, which on the 4hr is the 0.5 GOLDEN...

MRpipsonpips

I believe that this pair will continue in the channel as it is constantly making higher highs. On the daily, we closed at the 0.816 GOLDEN fib zone, which has also provided backtested support. We are also at a strong resistance zone on the 4 hour. I also noticed a potential cup and handle which means price should look to move to the upside and create a new trend...

MRpipsonpips Updated 

I believe that this pair will bounce back into the channel. Friday saw the bears respect our golden fib zone, respect previous support and stay above 200MA. RSI shows that we are entering an oversold period as well. So what we have here ladies and gentlemen is a strong case to go long. EUR has been trending bullish for a minute now so I believe this will...