GJ has been falling like crazy over the past week! This week it looks like it might bring us a set up for a nice long entry: -Horizontal support (apparent from the chart) -Hourly chart supper (blue line) -0.7 reverse fib level -RSI being oversold on multiple TFs Looks like it could be a very nice long, do try to enter at about 154.180 which is a bit under fib...
This is my view on AUDJPY, however be aware of the news coming out in a few hours! Very risky trade, however supported by structure. Good luck!
EURGBP has been following its long term trend nicely for quite sometime now. At this week's opening it hit the 0.5 fib level after having a little retrace on Friday. Following its bearish move, this could be a great opportunity for entry in a short position! I have a tight SL on it but reward is potentially large Safe and successful trading!
-Daily 0.5 fib level -Hourly 0.236 fib level -Strong bearish trend This might prove to be a risky trade due to the huge down move with little to no retrace. However, it is a trade that is moving with the market. Entry 155.7 SL 156.1 TP 154.4 Safe and successful trading!
Long term hitting 0.764 reverse fib level + support of trend. Likely that we will experience a bounce up I would enter long at this point however prefer to wait due to the vast amount of news in the coming days. Safe and Successful trading!
A good entry for a short position on GJ would be around the BLUE triangle on my graph, it is an intersection between key support and resistance lines and closely coincides with the 0.5 fib level. Safe and Successful trading
Simple trend analysis, hopefully this does not let us down and leads to something good Trend line+Double Top Safe and successful trading
Title says it all Safe and successful trading!
Potential entry at the break of curved resistance, keep an eye out in the coming days: Especially around the 0.764 fib level on the chart. Safe and successful trading
Identical setup as before, however on a shorter scale- In both cases: -Reversal just under 0.382 fib level -Reversal at earlier support level on daily chart Other reasons to short: -Continuation of bearish trend -Strong Japanese Yen -Weakening GBP Overall, short if you want some pips (In my opinion). Safe and successful trading!
3 resistances in 1 point: -Horizontal resistance -Trend Resistance -0.764 fib level Enter short!
-USDCAD is oversold on most RSI 1,2,3,4hs -Approaching 0.764 fib level -Short term resistance Looks like a decent place to go short! Safe and Successful trading
0.5 fib level intersecting with previous support now resistance level. This is just a relief rally that is bound to end as we are clearly in a bearish trend continuation (already called it in the idea I linked below). A possible entry for a short position to ride down would be 159.8 where a resistance level meets the 0.5 fib level. TP1 would be down again to...
After the announcement this Friday, GBPJPY clearly broke many support levels and thus I believe it is safe to enter in a short position. Expecting pair to retrace before it breaks 158.4 (on the 1h chart its heavily oversold (Note: my RSI bottom is 20). From my analysis I expect a retrace to the level of 160.0 where it meets a strong RESISTANCE and 0.5 FIB...
Continuation of bearish trend: -Bouncing off uptrend line -Fib level Shorting all the way down to 158.7 where is a strong support level, if we are lucky it will break even lower
Just following the trend bounce off from the bottom trend line!
-Brexit fears, leading GBP to fall -Japanese currency, going to its highest since 2014 -Hitting short term 0.618 fib retracement Enter short is my view on this! Safe and successful trading!