GBPJPY has been dropping significantly during the last two years and we have seen an uptrend from 2017 although this pair is looking extremely bearish in the higher time frames.
We're expecting the pair to reach at least 142.00 and 139.00 and maybe dropping down to 136.00
This is a great example of a downtrend setup on the Dollar-Yen pair.
Price went down +140 pips from the 110.00 Major level and it looks like its going to keep pushing unless it breaks and closes above 110.0
We'll keep you updated.
Gold is clearly on an uptrend with it retesting the trendline and confirming the bullish bias.
We should be looking to go long if price breaks 1327 and ride it all the way up to 1361 and perhaps 1430 (we'll see after first target)
P. S : As long as price is above 1278, we'll be looking for long setups.
We're expecting this pair to higher if it breaks the 84.95 level.
The previous trade shown there is our entry on the retest of the obvious uptrend with a 1:3 R/R trade.
We'll be updating this also as soon as we see some movement.
This pair has been on a massive uptrend and we expect it to continue if it breaks and closes above 0.77190 with a good harmonic pattern forming and a good 1:2 R/R ratio.
Another scenario for this pair is to reverse in case the price does not break our previous level as a HEAD and SHOULDERS pattern could be forming.
NZDUSD had a slight rejection before the end of the 0.7000 level.
A daily candle close above 0.700 would confirm the buy setup also confirmed by the harmonic pattern.
The entry ,targets and stoploss are shown in the chart.
We'll be updating this pair.
The index went down 80 pips after a rejection at the 95.00 level which is looking like a strong resistance area.
With a downtrend and a rejection candle on the daily chart we're expecting it to target 93.50 and then 92.5 and 91.00 levels.
As long as the price is below 95.00 this is a sell.
If you have any questions, just leave a reply!
The index was clearly rejected at the 95.00 support area and went down +80 pips.
We can see a downtrend, add to that the obvious rejection candle on the daily chart and the harmonic setup.
As long as the price is below the 95.00 support area, we expect price to hit 93.5 and breaking it before going for the other targets 92.5 and 91.00.
If you have any questions...