razainvestments

razainvestments 156 views ・

Here you can see GBPJPY is testing both trend lines creating a wedge and testing 147.100. Once these trend lines have been broken it will determine what the next move will be. I am predicting that it will test the highs of 148.500 once again and then possibly come back down to the liquidity zones of 146.000.

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OVER THE PAST 5 WEEKS EUR/CHF HAS BEEN CONSOLIDATING ON THE WEEKLY. FORMING A HEAD AND SHOULDERS AND BREAKING THE NECKLINE, AFTER A BOUNCE OF THE TRENDLINE THERES A POSSIBILITY FOR A FALL NOW!

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CURRENTLY A RETEST IS TAKING PLACE AFTER A BREAK OF GBPUSD TREND LINE, AFTER THIS A SHORT WILL BE IN PLAY.

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EURGBP SHORT AFTER RETRACEMENT FROM TREND LINE AND KEY FIB LEVELS

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As you know there has been a clear bullish trend on GJ for the past week. Confirmation given that GJ has reached a new Daily Resistance at 149.000, 4H shows a bearish shooting star with a very high wick into the daily 149.000 Resistance confirmed with a close of the next 4H candle as bearish too breaking the inner 1H trend line. This has confirmed a retracement to...