djyoungbap

djyoungbap

I believe that the all GBP pairs are looking somewhat bearish after an extended period of the Bullish Market since the beginning of this year. 1. I Drew my trend line from October of last year and and finally came back up and retested underneath the trend line on March 21, 2018. 2. On the daily time frame, there was major divergence on the TDI/RSI indicator....

djyoungbap Updated 

AUDUSD on the Daily time frame has hit my Demand zone. This was the same demand zone that was once my supply zone from (11/3/17, 3/17/17/, 2/22/17, 11//16, 10/20/16.) 2. On the 4 hour time frame: The market went outside of the Bollinger bands on my TDI. Which indicate the market was out of momentum. The market is now back inside the bollinger bands which means the...

djyoungbap

So based on my analysis, on the one hour, the market created a Gartley which took about a few days to create. Right now it reach a zone area where at times previously in the past, it was a strong resistance. Second confirmation is that the market was outside of my bollinger bands on the one hour which shows the market was out of momentum and went back into...

djyoungbap Updated 

GBPJPY has been on an uptrend for about a few days and I see the potential for a short due to my harmonic pattern. The RSI has shown me that the market has been way too bullish these last few hours and we are looking to see a retracement in the market to keep the market in momentum.