Based on my analysis it seems like EURJPY is done testing the weekly support line and is atleast ready to to retest the weekly highs. From current prices it seems like a potential Risk/Reward Ratio:2 in the long side
Hi
Yesterday i posted my analysis on GBPUSD. Right now the pair closed the 4hours candle on the 0.618 FIB and also leaving decent size wicks at the top if you look at the 1 hour chart. From here USD should begin to pick up strength i believe. Check out yesterdays analysis to see where this can go from here
thanks
Hi,
I have a BEARISH BIAS on this pair as i notice it bouncing off the MARCH-APRIL descending trend line. Currently expecting this pair to test lows of April 6th (1.2200) which would complete the Bearish V formation. After that i expect it to retest 1.2300 and then continue its bearish move down to 1.1970 - 1.1870. Currently my entry is at 1.2440 and have TF1...
Based on my analysis above i believe EURUSD is going to bounce off around 1.0870-1.0900 area and head down to test 2020 lows of 1.0666.
It appears that EUR has almost completed it corrective move up from friday.
please share your thoughts