pjpfowler

pjpfowler

2017-05-20 Heading up to 112.667 - Trend shows reversal and a period of consolidation. If trend continuation on breakout then expect a future Fib D at 112.667 as the major target during next week. The retracement to 38.2 support a strong trend continuation bullish. There could well be a pull back before reaching this target, and another 38.2 pull back would hit...

pjpfowler

2017-05-20 New Bullish Trend confirmed. Entering retracement. Support at the 38.2 fib and reversal would indicate a strong trend continuation. Fid Future D would be targeted at 0.69744 - approx 55 pips.

pjpfowler

2017-05-14 Day Chart up-trend is now in consolidation. Bullish Wedge has appeared and there is a probability it will breakout to the upside and continue Bullish. Fib future D would be the next target at 1.38818, 167 pips away from current price (1.37121).

pjpfowler

2017-05-14 Price action is in a long term (D1) consolidation channel. Currently in an up trend heading towards the upper channel resistance at 1.16000. Retracement has just completed at 38.2 which is a strong indicator of a trend continuation. Next target will be the future D at 1.13061. Recommend waiting for RSI to go over sold before entry.

pjpfowler

2017-05-14 Price action remains in a down trend within a larger channel of consolidation (D1). Fib Future D touches the channel bottom providing confluence at 0.71905. Current price action has touched the 38.2 retracement level signalling a strong trend continuation is likely. Time to sell this down to 0.71905, 200 pips.

pjpfowler

2017-05-14 Price action is in a down trend, D1 confirms this short term direction. The pull back came close to a 61.8 retracement and has now reversed to continue the trend down. Fib Future D is at 1.04106 just above the outer up-trend line which forms from the D1 longer term up-trend. RSI is closing on over sold so a short term sell to 1.06107 would be my next...

pjpfowler

2017-05-14 Triangle broke out bearish so we're clearly now in a down trend. Confluence of two separate Fib Future D points at 83.400/83.442 indicates a strong probability of a continuation down to that level. There's 33 pips on the table here. Longer targets could be looking at around 81.500's - previous structure, and a shoulder/head/shoulder formation to...

pjpfowler

2017-05-14 As this pair is heading up to 1.03307 long term, the current price action can be seen as a short term pull back in the bullish up-trend. Waiting for RSI to go over sold and/or resumption of the Up-Trend for a Fib D-completion target at 1.02022/1,02029 -which is strong confluence of two separate Fib moves. These targets are also in confluence with...

pjpfowler

2017-05-14 D1 chart - Consolidation with a Bullish Wedge formation. Resistance at 1.03307 has been tested 3 times and the lows of the wedge are getting higher. Current price action has turned from a pull back. RSI confirms bulls are back in control although this didn't go over sold. The probability is that this will re-test resistance at 1.03307 with a possible...

pjpfowler Updated 

2017-05-14 I'm going to stick my neck out on this one, it's been a bad pair for a friend of mine that has consistently not gone his way recently. On the D1 chart: this has turned after a massive pull back period. Looking at the targets for two sets of Fib we have confluence of 1.1618, 1.181 and previous structure all around the 107.500 mark. Should the down trend...

pjpfowler

D1 is showing the end of a pullback and start of trend continuation. H1 shows this has started and the next target (long-term) should be the previous Structure High at 1.03420. This move is around 227 pips, if successful.

pjpfowler

When RSI/Stoch goes oversold and reverses. Buy to 1.57500 resistance.

pjpfowler

2017-05-10 Bearish trend continues with support at 1.06196, 1.05575 and 1.05029. Previous Fib Future D was filled at 1.06405, indicating a retracement is due. Waiting for RSI and Stoch to go over bought and get in on the sell / Trend continuation.

pjpfowler

2017-05-10 Looking for a counter trend action when RSI/Stoch overbought reverses. Then looking at Bullish trend continuation opportunities up to 84.500. Fib future D is shown at 84.556 which is close confluence with the 84.500 previous structure resistance. Crossing of the inner trend line as a confirmation of the counter trend trade should coincide with the RSI...

pjpfowler

2017-05-09 Waiting to see if up-trend line will be tested before a bearish move confirming this is a reversal to a bearish trend. If price action completes this, with RSI overbought then next target can be taken from structure support at 1.08750. Both uptrend line and SMA50 are crossed to the sell zone.

pjpfowler

2017-05-08 Price action has moved into consolidation within a broad channel. SMA50 has levelled off and may be starting a down slope, both RSI and Stoch are moving to oversold. All this indicates ... more consolidation until price action either breaks and closes below the previous structure low (at 112.218) or breaks and closes above the earlier structure high (at...

pjpfowler Updated 

2017-05-07 Price action has already filled the previous Fib future D and is continuing bullish. D1 remains Bullish. Price has broken above and closed above consolidation channel and is heading to next structure resistance at 147.625. RSI and Stoch are overbought so a retracement is likely and may re-test previous support at 145.663 before heading up. I'll wait for...

pjpfowler

2017-05-07 Price action has broken above and closed above the channel of consolidation. RSI and Stoch are close to overbought indicating a reversal or pull back likely to re-test structure before continuing bullish trend. Next target at 1.30828 - Fib future D and confluence with strong structure resistance. Potential 102 pips on this buy.