Now is a chance to enter a long during the rally.
-My overall bearish bias for GBPJPY is bearish.
-Price is currently in an area of support.
-The previous 4h candle ended in a doji and appears to be forming a morning star candlestick pattern.
-A formation of the candle stick pattern along with respecting the support area is showing that price is building bullish...
Just as previous stated in the previous analysis:
-I was expecting price to make make a bullish retracement and test the former neckline/area of support.
-Price found some bullish momentum and tested this area which is now acting as resistance.
-Also price retraced and is now respecting the 61.8 Fibonacci level.
-This also give indication that price is ready to...
My bias for the upcoming move is bearish.
-If you take a look at the weekly you will notice that price met resistance and formed a shooting star candle stick pattern. (this is a clear sign that a reversal is near.)
-Price then proceeded to make a nice bearish push the following week. Then the previous that just ended was a retracement. Now price is ready...
My Overall Bias is Bearish. Here is a chance to enter a buy.
-Price formed a Head and Shoulders pattern (which is a bearish candlestick pattern.
-Price broke the neckline (which previously acted as a support level) of the the Head and Shoulders pattern.
-After a nice sell off, price then found some support around the 1.25 level and formed a reversal candle...
My overall bias is bearish. But here is a chance to go long.
-Price met and respected the Supply zone/Resistance several times.
-ultimately it formed a Triple Top (which is a bearish candlestick pattern).
-Price then broke the neckline/BOS confirming price is now in a downtrend.
-Price then found some support around the 94.75 area and appears to be making a...
This image show the daily time frame but if you look at the 4hr. you would see that price respected this level of resistance.
-Price also formed a double top, which is a bearish candlestick pattern.
-the two statements of above illustrates 2 confirmations that price is ready to make a bearish move.
-I am expecting price to sell off creating a pullback.
-After the huge sell off, I think it's safe to expect a pull back pretty soon.
-Price broke the previous low and has yet to pull back to test the level.
-I am expecting price to trend a little lower, ultimately created a new lower low.
-Price could possible fall to test the support level
-After the lower low is created i will look to enter a long position once a...
Here is my Multiple TimeFrame Analysis of USDJPY. If you think otherwise feel free to comment/post your anaylsis. Please Comment, Like, or Follow.
-Price has been in an uptrend for 3 consecutive months.
-Price then made a pullback and tested/respected the 38.2 fib level.
-The next month price formed sort of...
Price broke out of the double top, then retraced to test the neckline as expected. I am thinking price will hold here and possibly form a double top creating the next impulse to the downside.
Here is my original analysis:
1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push.
2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal.
3.) After forming a double top, price then broke the...
After price finally made it's bullish push and breaking out above the resistance trendline, I am expecting price to pullback and test that area, creating a higher low.
Price broke out above but ultimately ended up respecting/meeting resistance at the 110.0 major point.
Price also retraced and tested the 78.6 fib level then ending it what appears to be a...
Price has hit my target area.
Price is now at the daily resistance, price can either breakthrough and trade a little higher or form a bearish candlestick reversal pattern in this area then drop. Keep yours eyes open.
Take a look below to see the original analysis.
Price pulled back and tested the break of structure, which correlated with the neckline of the double bottom, and the 61.98 fib level (if you drew a fib from the new low to the new high on the 4hr timeframe.)
I am expecting price to to ultimately test the previous higher low, which also correlates with the daily resistance and the 61.8 fib level.
Take a look at...