EURJPY MAKING NEW HL. BEFORE CONTINUE TO UPTREND , THE MARKET BIAS IS STILL BULLISH .
ON THE H4 TIMEFRAME ALREADY BREAK THE KEY LEVEL AND WAITING FOR PULLBACK AND ENTRY LONG POSITION.
RISK 2% OFF THE ACCOUNT .
As you can see, the pull back area on the highlighted with fibonacci area 50%- 61.8% . It seems that the pair try to make the new LH? will see how it goes. and stuck inside with Exponential Moving average 50 inside the pullback area.
SELL LIMIT - 0.91856
STOP LOSS - 0.91949
TAKE PROFIT 1-0.91243
This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows.
What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows.It seems cadjpy is making a compression sell . its...
My analysis is that euro will weak against jpy . It seems that EJ is making a new head & shoulder pattern.Kindly wait for confirmation candle before entry on the price and If the price goes up it will go until area 129.311 -129.561 and start sell again.
The price stuck twice on the EMA 50 which will make it even significant to go down.
My target the price will go...
As you can see the gbp is trying to make the new LH in the area grey highlighted zone . You can put the sell limit around the respective zone . to confirm is you seek in Daily TF and open a bollinger bands(BB) it will come out in the mid BB with EMA 50 is also around that area which make a possible short and It would be a sweet long trade. always put a stop...
the pairs is currently try to make new LOWER HIGH * LH before going down. My target sell is between prize zone
146.175- 145.795 on the fibo level of 50% -61.8 % . make sure to watch out for high market impact today on Prelim GDP q/q .
Target TP is around 144.042 . happy trading
It seems that the chfjpy is going to make the new LL , and if the price reach in the Fibonacci level 61.8 - 50 % and the body candle close below the 50% then you can put enter sell position and try to take profit around 112.586 .
Don't forget to follow the money management for your trading account! happy trade.
based on my analysis, the pound will go up around 1.2879 price area and probably will hit rock bottom again. make sure to put a stop loss around 1.2908 to make a sweet trade.
probably gonna make new Lower high(LH) right after you saw the previous Lower(LL) low before making for a new Lower Low! watch carefully.
make sure to follow the money management and trade...
BASED ON MY ANALYSIS WE COULD PUT THE PO SELL LIMIT AROUND THE RED HIGHLIGHTED FIBO AREA IN BETWEEN 61.8% - 50% WOULD MAKE A GOOD TRADE SETUP.
THEN THE FIBO LEVEL RANGE IS ON THE SAME LINE AS THE TREND LINE WHICH IS PARALLEL TO THE PREVIOUS LOWER HIGH.
BUT WATCH OUT FOR THE BREAKOUT ON THE TRENDLINE , THE NEWS BOE ON "Average Earnings Index 3m/y "
My analysis assumes that the YEN may rise this week and gonna be strong because of BOJ policy Rate this Friday.
Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200.
Just make sure to watch the margin level and...
My analysis is that the price already passed my favorite magic fibonacci level in between 61.8% - 50.0 %, It will continue to go short until 0.71471. Furthermore when you take out the trend line it makes a 2 LH and 2 LL which make the setup even more strong for the aussie dollar to go short for next week. be sure to keep an eyes for this pair!
Make sure to put...
The USD/CHF sporting a cool long-legged doji on the daily time frame? And it’s not just any doji either. It’s a doji right at a falling channel support, how tempting is that to entry a buy position and I take my Take profit up to at least the .9850 – .9900 .
But if dollar bears keep calm and carry on with their cause, then USD/CHF might revisit its late 2016...
Based on my analysis, the price may be bull and go up until 148.352 and the price would probably play around that area and goes back down 140.397 . If the price candle close above the resistant line which is the same on December Hike 2016 . It may continue rally up to 151.916 . Watch out for the Big news tomorrow on GBP -MPC Official Bank Rate Votes & Inflation report .
If You can see the price already gone through 0.99914 and will seek to the highest Supply Zone which in the green area 0.00760 . The buying pressure is not very strong which will take time for the price to come on the supply zone.