NJONGO_1

NJONGO_1

Hi guys, this is my update on the GBPJPY chart on a 4 hour time frame

NJONGO_1

EURUSD on H1 time frame this is the trade that I took on Friday afternoon after a trendline break a 1.17000. we witnessed a huge break down to 1.16000 before Retracing to 1.16100. the markets closed and on Monday opened wit a gap to the downside favouring the USD This was due to Dollar news over the weekend the gap soon closed as the direction changed to...

NJONGO_1

the pair has broken the 0.618 line with a large bearish candle. a change in direction was indicated with the DOJI that closed at 111.450 the pair Retraced at 111.200 and I have moved my Stop Loss down from 111.450 to 111.350 and secured profits there has been no risk on this trade and it is what I always aim for in a trade, is that when you trade with no risk...

NJONGO_1

After ranging consolidation, in the early hours of this morning we witnessed some heavy bullish momentum to complete the new head and shoudlers at 111.500 this is the same region that on the one hour chart you can identify the left shoulder on this particular pair. on the hour chart we can identify an Evening Star candle and should the market respect this level...

NJONGO_1

I was kicked out with my stop loss placed at 111.029 at this price/zone we witnessed a retrace before continuing to be bullish at 111.100 and 50% on the Fibonacci the candle closed with price being pushed heavily to the bottom, the following candle showed similar familiarity this signified that the market was about to change direction, we did see this happen...

NJONGO_1

Good morning Traders this morning we witnessed a bearish break after the head and shoulders formation completed. the market retraced at 110.850 which is also at 0.382 on the Fibonacci retracement tool. a double top formation has formed at 110.040 could we witness a downtrend trendline test at 111.093 which is 50% on the Fibonacci or break to 110.000?

NJONGO_1

Good evening. this chart is on a downtrend with a F-Parallel Formation, since the reversal at 1.34000 we have seen 2 retraces with a third insight. being on a downtrend we look for sells, stop loss and prices where we can take profit. on this pair in particular, I am eying a trendline break between 1.31000 and 1.30800. I have identified a zone of rejection at...

NJONGO_1

Good evening I have identified a deep retracement after an Evening Star rejection around 111.100. should this formation hold I will look for entries next week as the markets are due to close and I am weary for gaps and news over the weekend

NJONGO_1

Good Afternoon. The market formation is as I had wished for it to be today, the Eurodollar is in profits and I have taken partial profits at 1.16000 after a 1.16700 trendline break. my entry was at 1.16425 and I have placed my stop loss at 1.16300

NJONGO_1

the pair was rejected at 0.618 on the fibonnaci retracement 3 times before dropping in price from 1.17000 down to 1.16700 for a downtrend line retest. the chart on a daily chart had reached 1.17000 which I was not sure about in the beginning but proved to be successful. the uptrend trendline has been broken and the downtrend trendline tested and rejected. I see...

NJONGO_1

Good Afternoon. this is to update you on the USDJPY on route to 110.400. this morning price was rejected at 111.210 and closed with a evening star before an increase in volatility resulted in a huge drop from 111.050 down to 110.700. we are now looking at a retracement from 110.691 and could reverse around 110.800 before going down to 110.400 as predicted.

NJONGO_1

good evening. this is am update to the USDJPY chart. I posted analysis on this chart a few days back. this was before we had any breakout that occurred from the 111.210 region, we witnessed Bullish momentum that broke 111.500 but not with enough momentum to push further upwards... the original trend being Bearish having being identified on the H4 chart. its now...

NJONGO_1

Good afternoon. this is a Dollar Yen chart. I can briefly explain the movement that we have witnessed over the past couple of hours. we have witnessed a resistance retest after a period of consolidation around 111.250. the market retested the 111.500 resistance line and it did so with success reaching 111.800. I had identified that the original trend is bearish...

NJONGO_1

hi all this is to update you on the USDJPY pair. my analysis still remains the same

NJONGO_1

This is an update to the GBPJPY analysis that I share a few days back. to further update you we witnessed more sideways movement and I adjusted my support trendline after the pair broke the parabolic trendline. today I can confirm that we reached a 145.000 take profit as I had shared In the analysis a few days back

NJONGO_1

Take Profit reached, I am now awaiting a market reversal and I shall enter the positions as analysed . take care!

NJONGO_1

good afternoon, this is to update you that take profit has been reached with no risk at all. FULL MARGIN TRADE achieved

NJONGO_1

Yesterday we witnessed a uptrend bounce off 111.048, we again witnessed rejection on the downtrend resistance this pair is bound to move from the region and as indicated we could see another 111.500 retest or we could see a clean break towards 111.400, the market formation can change at any given time but I present to you my analysis off the pair.