we are going to see massive selling in the coming trading week.the cable in H4 is currently forming a head and shoulder pattern, the pair has also done with the formation of the left shoulder and we are waiting to sell the formation of the last leg of the head which will sell to 1.27670 which will act as temporary support for the pair and also the bread and...
The eurogbp is expected to retrace back to 0.91883 before gaining bearish momentum downwards to complete the formation of a head en shoulder pattern. we can place our sell limits at 0.91883 and our stop losses at 0.92717 then target profits at 0.88985 as always practice safe and good risk management techniques bye
The eurogbp is expected to retrace up a little bit before gaining downward move momentun to complete a head and houlder pattern . we can place sell limit orders at 0.91935 and place our stop losses at 0.92727 and our profit targets at 0.88985..as always practice good risk management techniques
The usdjpy after touching a major suppor trendline we saw massive buying around 105.566 later the pair retraced back before formation of bullish reversal candlestick paterns..the pair is clearly gaining bullish momentum which we migh expect next week.as always use good risk management techniques
The yen is likely to gain momentum in the coming weeks as we can see the price as clearly formed trend reversal candlestick patterns signalling a posible massive sell downwards the price has also approached a strong resistance trendline which is likely going to cause an influx of bears around the region which might force the usd bulls to puke their buy orders.next...
The pounds downtrend is almost over and the aud bulls are preparing to drive the mrket once again upwards, we can see the price approaching a lower trendline that has been acting as a support for the price since last year.The pair is also forming an inverted head and shoulder pattern which is a strong bullish chart pattern formation. practice good risk management
Now that the japaness yen has been enjoying massive selling due to strong econimic reports from the bank of japan its now time for the euro bulls to attack the yen because the price has already bounced off a support trendline and we are likelly to see increased buying this week
The price will retrace back to 107.232 to taste support and thefore forming a likely scenario for massive buying...I can advice we sell a small position and exit at 107.232 and wait for bullish confirmation before going long , all you can chose to wait for price to taste the support before going long but always remember to practice good risk management
The usdjpy price will retrace back 107.224 to test the support and thereby forming a possible likely double bottoms before the price quickly accelerates upward on massive buying 108.449 which will be our take profit regions . Always practice good riskmanagement and be displined
This pair just broke the weekly support trendline which might signal a breakout to the downside once the price is done testing the support trendline it had broken. practice good risk management.good luck