This is an update to a previous bearish bias. We remain bearish for as long as the trendline is respected
New lower highs and lower lows formed which might trigger a bearish momentum
Only using fibonacci principles, clearly see rejections or turning points at major levels
Ascending channel pattern Bear flag pattern Bearish Inverted hammer candlestick Expect a short position once identified levels are broken to the downside
New higher lows formed which might trigger a bullish momentum. Herewith in my bullish bias I have identified two possible entry positions with targets as follows 0.67500 and 0.69000
#UPDATE: As previously shared, we broke out last week then retested the breakout price. Now the short positions have finally lined out.
Plain and simple technical, the use of Trendlines and a bullish DXY implies a selling UsdJpy soon
As we continue to monitor this zone for an upward momentum, a rejection of trendline and or support to the upside will trigger long positions for pairs like EurGbp ChfJpy EurAud EurNzd UsdJpy GbpJpy
Simple trendlines strategy trading, a bullish DXY and the rejections thereof has lead to a conclusion of bearish AudJpy
I must say that I've been spot=on on this pair so far. On Monday we expect pullbacks either to Fib 38.2% level or 71.6% whichever way. Ascending channel beached/Flag pattern created and breached as well. Bulls are now in control full swing
This is an update to the previous bias, recently seeing a triangle pattern, breakout to the upside then a retest of the same. A rejection of price to the downside imminent.
This pair has been trading in a box pattern for over 3weeks now. A break outside the box was observed securing new highs. long position possible once previous new HH is broken
Box pattern(consolidation) identified Bearish flag pole pattern within a box identified Waiting for this pair to break outside the box before placing a swing short Monday we expect pullbacks so be careful before placing shorts on this one
Pullback Mondays, we expect no better from this pair but to trade from what we've been given by the market which is to take trades within the channel until we have breakouts to either side, I have given two bias as in charts
Currently trading within a channel, resistance formed(breakout to the top-side failed multiple times). Minor trendline broken to the downside which may signal a downward movement til the touch of bottom channel at price 41000.00
Another bull flag forming on this pair, intent is to follow the upward momentum
This is just an update for another sell entry, been holding the sell from date I shared the bias.
Just an update for other entry to the downside, my bias remains bearish til 1.22850 I'm always using the Fib extension tool to confirm my fib retracement tool for more better and most informed entry decisions