On this weekly time frame, we have a classic flag pattern in play. I see GU dropping all the way to 1.250 and ultimately 1.20 in the nearest future. Lets see how this plays out. Kindly disregard if you're not into swings. Lets get those pips!! Cheers!!
This is a video of a couple of pairs i'm looking at for the coming week. Lets see how price action develops. PS: Kindly ignore the noise in the background.
LATE ENTRY FOR ME BUT ANYWAYS!!:) ENTRY PRICE IS 1.85575 WITH A 10 PIP RISK AND 30 PIP POTENTIAL REWARD. LETS SEE HOW THIS PLAYS OUT.
THIS IS MY OUTLOOK ON EURJPY; THERE'S A CLASSIC FLAG ( IMPULSE-CORRECTION-IMPULSE ) MOVE IN PLAY. I SEE EURJPY GOING DOWN ALL THE WAY TO THE MONTHLY LOW OF 123.600. LETS SEE HOW THIS PLAYS OUT. FROM ENTRY, TRADE IS CURRENTLY UP 150PIPS HAVING COMPLETED THE CORRECTION PHASE. I EXPECT A MOVE LOWER TO THE DESIRED TARGET 2 AND ULTIMATELY TO THE END OF THE LAST...
This is my outlook on USDCAD. Lets see how this plays out. I will be entering a short position at the touch of that upper channel trendline if it gets there. Till then, I wait. Enjoy!! P.S. Price always repeats itself. The only question is when.
AUDUSD Broke ascending trendline and rejected off of the 38.2% Fib retracement level. It also broke the daily support of 1.7200 level and currently retested on H1. I'm expecting a short from current price range of 1.7200 to 0.6930 level which is also the -27% Fib level. Lets see how this plays out.
Sellers broke the support at 126.2 region. So we are looking for a retest of the broken support (now turned resistance) and a continuation to the downside until the next support level of 125.00 level. This level lines up with the 61,8 % fib retracement so we can lookout for possible rejections off this level back to the 0% Fib/Resistance level of 126.75. A break...