JPYUSD has been trading in a specific range (0.00873 - 0.00925) for quite some while. It tried to break out of it, however bears pushed it back into it. Since being back in the range, it has tested to top of the range again and immediately got pushed down. This is where I entered the trade. I can easily see us pushing towards the bottom of the range again the...
Seems like we're going to get H&S pattern with EURUSD, with some great potential gains.
Stoch RSI is oversold and due to a bounce.
RSI is oversold aswell.
I think we're seeing a bounce up within a couple of days towards the heavy resistance zone at 1.21, at which it will fail to break through.
We'll then see a further continuation down towards the heavy support...
Iota is becoming one of the top names in the crypto scene and is truly trying to change the entire automisation industry.
They've had some big partnerships in the past and keep releasing big news quite frequently. There's some big stuff coming in the nearby future which will for sure boost it's price, however in the short term I think we'll see it retest it's...
I believe we'll see the EURJPY gain strength again soon. On the bigger picture, we're seeing a bull flag in the making. If it manages to break the downward trend line, we'll see a massive move up.
If it manages to break the support line, short it.
Looking like a good opportunity to short UJ. It's trading between the trend lines and just hit a resistance level from a year ago and failed to break it. This resistance is also right at the point of the trend so it'll have to break both. If it does break, we'll see a massive move up towards the ~116.00 mark.
The Stoch RSI is curently oversold and the RSI has...
My view on the GBPJY pair. I believe we'll see drop further down towards the 0.618 fib level @ 158.45 before surging upwards again. This would complete an ABCD wave reach the previous structures their highs and reaching the top of the box. I believe this will be a good point to short the GJ all the way down to the trend line/bottom of the box.
The drop down is...
EURUSD seems to be trading in a sideways box. It has tested the major resistance at 1.15000 several times and it has helt nearly every single time. It currently hit a support at the 1.12170 mark and could see a leg up towards the resistance again to re-test it. If it manages to get rejected again, we'll see the completion of a H&S pattern and could see our way...
GJ is currently forming a nearly identical structure.
It's currently trading inside of a wedge and just made a new high before crashing down again. We could see it re-test the previous low and even break towards a lower one.
Trade with care as it can break towards the upside again.
Entry = 157.90
SL = 158.35
T1 = 156.00
T2 = 155.50
GBPJPY made a big run up today after breaking the bearish trend line. I believe it will continue this bullish run up until the 157.00-158.00 mark. It's currently moving in an bull flag and has a high chance of breaking out to the upside again.
Stoch showing a slight sign of being oversold. This along with the RSI divergence nearing a bounce up.
Past week EURGBP had a massive drop and is continuing to have a bearish outlook. Especially since the brexit is becoming more and more unlikely.
Taking in this information, we can see that there could be a possible H&S pattern completed before another big drop. Stoch RSI currently indicates that EG is oversold at the moment and could see a retracement to ~0.5...
After hitting the monthly low resistance, GBPUSD bounced up again. Double fib retracement to the 0.5 with a double bull wedge before breaking out again. High probability of it breaking out the 1.42000 rs to retest it.