Seeing rejection on daily timeframe while respecting an area of exhaustion and potential lower high im looking for a bit of retrace to 1915- 1889 as potential targets which is around 1900s price point
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GBP/JPY has been very confusing to me as of lately. Currently I'm noticing a transition is occurring and seeing buying pressure maintaining which has invalidated my bearish bias. Being adaptive is a key point
No sign of selling pressure, currently buying pressure is being maintained for the overall continuation of the bullish trend. This is a another position with a smaller target around 1950s price point, my main target bias is still 2000s all time high.
As you can see buyers are eating every sell dip with major bullish pressure mercilessly, without hardly any major correction. At this pace price currently can further reach back up to 2000s all time highs once again.
USOIL Daily candles are showing buyers exhaustion while being at an exhaustion zone and maintaining bearish structure. I expect to see some sell pressure take place to continue overall trend.
GBP/JPY I'm expecting bullish pressure to start exhausting around this area of exhaustion zone and to also expect sell pressure to continue current bearish trend
GBP/JPY: Still maintaining bullish structure and is increasing in buying pressure overall.162.8 price has become more definite
XAU/USD: Price is showing major sellers exhaustion in 1870s area and is building bullish pressure and maintaining structure to continue current trend to around 1900s price point within this consolidation area.
$NAS100USD : My bias is still bearish. i waited for a bit more price to develop and saw that price retested a previous major exhaustion area. So i went back for sells and is looking for a break of major exhaustion area of 10803.8
GBP/JPY At first i took a sell position for the continuation of current bear trend but i noticed that price is forming bullish structure and zoomed out to a higher timeframe to see that price is being respected on a larger scale. So i closed sells at 159 price,163 is now the new target.
US Index NAS100: Continuation of current bearish pressure. Structure is still maintained to continue selling price in this area.
GBP/JPY Price is showing an increase in sell pressure and has broken its previous bullish structure on higher timeframes and is now trending bearish currently.
XAUUSD remains bullish and is increasing pressure for further bullish continuation of current trend despite seeing candle exhaustion structure remains intact. Target is 1888 closer to 1900s price point
GBP/JPY retracement is showing signs of exhaustion around 152 area, and broke descending triangle as well; and is setting up for more bullish continuation on daily timeframe. im looking to target 158 as an ideal target.
XAU/USD has hit an area of resistance and started showing signs of exhaustion and weakness in price while also crossing trend line as well, further confirming transitioning of price back into bearish pressure . 1749 is my current target for downside movement of pressure
Got out of my Nas100 sell early because im seeing bullish patterns forming in price and bullish momentum picking up again currently. New potential target for upside continuation is 16.2k
NAS100 is showing exhaustion in its current bullish trend around 15.9k area high. Potential target for retracement is 15.2k as an area of support. There's also a possibility for it to go a bit steeper than that, depending on how some major fundamentals take place in the market such as feds tapering of asset purchases