poundmastersa

poundmastersa

the first analysis on this pair is still valid although our first entry got stopped out in profit we should wait for this to hit 1.26100 completing the right shoulder whn that happens we should see price action taking its toll giving a potential push high thus finally breaking out of our downward trendline validating the wedge structure on the Monthly and weekly...

poundmastersa

as we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly...

poundmastersa

As ive previously mentioned that GBPJY my bias is long price has broke out of the 148.xx zone and retested on the smaller time frames namely h4,d1 and as we can see on the weekly candle its showing greater momentum pushing higher to the major trendline from the two highs stipulated, GBPJPY will make a further push to atleast 152.xx-154.xx creating the third touch...

poundmastersa

As we can currently see price is currently being held buy an up trend and also we have zone that need to be retested on the chart stipulated above this is our first new month set and we looking forward to a push high on this as we have a break an retest of a trendline on smaller timefame (D1)

poundmastersa Updated 

as we can see according to the chanell stipulated in the set up price will still push higher till the 147-148 region either breaking out or giving us a as reversal structure my bias is long on the pound to the yen

poundmastersa Updated 

the way we are going to wait for price to retest 0.89068 which it will be creating the monthly high... and wait for a reversal structure to enter this one wit a LOT size that makes sense, remember by waiting for price to react the right way we eliminate all the false structures and patterns on smaller time frames. 0.89068is the last broken out zone that hasnt...

poundmastersa

As illustrated before the setup for a buy is still valid and we can see we are currently being held by a very strong support which i highlighted on the chart and looking at smaller time frames D1 and H4 theres abit of a consolodation and we should simply wait for price to break out of that consolidation.......

poundmastersa

We need to wait for a clear break out on this pair for our 3 marked zone as our take profits this one should be a very long swing trade id suggest everyone gets they accounts ready for a good swing very good returns. this should be held over 4 months!!