Shorting GBPUSD here anticipating a final breakdown before any real attempts of a reversal. Safer trade on breakdown confirmation but i'm entering early as i am anticipating at least a test of 1.2350 and willhold if it breaks or take a small profit if it reverses.
Taking a Cautious Long here on USDJPY off the Yearly pivot and Triangle Pattern Support, will be looking to close trade and reverse if Triangle Pattern lower TL is broken. Critical level here that UJ must hold in order to stay bullish.
Sideways action nonetheless on EURUSD, seems like bear case has a better RR but recent consolidation may be setting up for a Bullish Breakout, until CPI news i'd say it can go either way. Whichever way it goes i'll be prepared to take the trade.
Looking to short USDJPY here as exponential pattern was ended its cycle and is currently reversing, will wait for some momentum to short at these levels, expecting UJ to not break Red TL if it does, major breakout may occur and will be exiting trade if im in or staying out of the short.
Looking to short GBPJPY on descending Triangle Pattern Break down to Downtrend Trend Line. Typical to see a Breakout followed by a breakout correction down to the breakout source, in this case the TL. Will need to be tested to confirm that it was a true breakout. Will look to exit trade at that level and wait to ...
Iit appears EURUSD has broken its downtrend and now the wait for confirmation begins. A lot of support at these levels along with the Yearly pivot that would suggest a reversal however with NFP news coming its best to wait for confirmation. Will look to long on bounce of top TL of falling wedge.