Hye guys, its been a while since I post my 2 cent analysis. Sorry for my english.
GBPJPY gave me goosebumps this week, the ups and downs really strike me. Because lately we were in corrective wave.
OK here we are, I am biased buy for today 29/7 until next week at least.
Look at 136.443 where price tested three ...
GBPJPY show a long time oversold price at RSI.
With simple fibonacci retracement I would like to look for long this pair by detecting any rejection for the target price.
The target price we should eye is 174.586
Any great rejection within h4/d1 would suggest buyer take over for some period.
the take ...
EurUsd continue its rally towards the supply marked area.
1.09700 is the price I will looking for short.
By referring the Fibonacci mapping h4, its already break the 261 level.
Thus nearest target should be 1.08130
Fundamental showed how big problem Greece got into.
Plus, Fed rate hikes give trigger hint soon.
1-RSI H4 showed lesser buyer strength left, divergence supported.
2-Rising wedges support the signal rally will be ended soon.
3-Safe entry should be break the TL first.
4-My target is demand area 1.10800
Some fundamental had revealed enough how much problem Greece got into.
With fed rate hikes hint soon , it should aid more drop.
Rsi show lesser buyer in the market, divergence support this.
Rising wedges pattern should give more spice into our entry.
Target area 1.10800
Happy pippings :)
Kinda comment for ...
Eur/usd has beaten the mother candle of NFP.
Eur/usd favor bullish momentum based on daily bullish pinbar.
Buy limit on level fibonacci 50.0 or 61.8
My target should be at 261.8 ( supply area)
My short term analysis monday till tuesday , Insyaallah :)
Happy pipping mate
Kindly comment for anything on your mind ...
Eur/Jpy move on big bearish candle on weekly candle , This notify huge seller involved last week.
But, It entered our demand zone in the blue rectangle below. We must alert this zone for any candle stick pattern like pinbar or any strong rejection to enter buy.
So far 2 pinbar / doji appeared.
126.800 is the last ...
Eur/Usd gave a big bearish impact last week. Around 380+ pips weekly bearish chart driven through the south.
In my opinion, Eur/Usd is in the most important key level at 1.04700. If next week fail to break this level, the wave will go up testing 1.07000 - 1.08000.