Astrofx
Potential short on EURNZD.Currently looking at EURNZD after the market open we opened a bit lower. We are holding at a previous support zone, now resistance aligned with the 38.70 fibonacci retracement at 1.6619 . We can also see how the SMA comes as resistance aligned with the fibonacci and previous support, confirming a legit resistance zone. I expect price to go lower and hit the 1st fib D extension at 1.6466 but I'd like to see price close back below 1.6600 on a hourly TF to confirm that vision. IF we go the opposite way and close above this resistance zone, I expect price to recover back to the strong monthly level 1.6700 which aligns with 71.00 fib level.
XRP Buy Margin TradingXRP after a successful Short position this morning after waking up i seen the pair holding strong onto my weekly trendline support as it did a rapid spike into the 61.8 region on the fib and back to .30700, then i got into the position waiting for a restest of that trendline where the arrow is at. all in all now my bias has changed, XRP can possibly set to begin a new trend ? at the moment My entry point was at .30628, Stop Loss at .3000, and Take profit call me crazy but i can see this pair fly back up to 50 cents at least. Holding Long term, if this holds we are in for a special treat.
XRP Sell Margin TradingXRP made a quick run to the upside retesting prior high and testing the 200ema with precision on the 2 hour timeframe, managing to close below, it signaled me for a Sell execution, Stop Loss at .3200 risking 30 PIPs with a TP at .30 roughly 170 PIPs, But i potentially see this pair possibly retesting a low of .28800 - .28 cents. If this occurs within the next few days we can see a great opportunity to enter a buy setup to possibly the moon ?
Bears loading for GBPUSD?*From a pure technical point of view*, we can see how price has been rejecting this area 1.3150 - 1.3200 .
After touching 1.3200, we failed to close and stay above and we dropped back below the psychological price 1.3150 .
On the daily timeframe we can how we made an evenstar pattern at the daily highs 1.3200, currently retracing back to the 61.8 fibonacci level which alines with 1.3150 . If we can stay below this resistance level we might see price going back down to 1.3080 at first and if we can break this we are likely to meet 1.3000 again.
We'll evaluate further price movement from here.
EU forming head and shoulders pattern? Reversal or Bigfall?Euro and the dollar are both in fighting swords with one another, with crazy news beating each other. i believe this techincal formation or pattern could be a spotlight of what the instituional traders are about to do, sell the crap out of it. Comment below your views and analysis, would be highly appreciated. Cheers
Will the weakness of the Eurozone pull EURNZD further down?After yesterday's close, we successfully completed an evening star pattern at the monthly level of 1.6700 . We broke and closed below the support level and now completed the first extension leg of a Fibonacci pulled from the weekly to the monthly level. Rejection from the 61.8 which aligned with the SMA gathered enough bearish momentum to push us below 1.6700, currently testing 1.6600 . Awaiting a daily/weekly close below this monthly level because as we know, once breaking a monthly level there's a 75% chance we meet the next weekly support/resistance (basic Astro knowledge). From the 1.6600 I now expect a further continuation to extension D2 at 1.6480 or a retest of the monthly level as resistance.
Keeping the weakness of the Euro-zone in mind.
GBPJPY Bullish TargetsTarget Prices for GBPJPY FX:GBPJPY
Bullish to 145.90 level
Confluence:
Fibonacci 61.8 retrace on 4 hour chart.
Moving Average bullilsh on daily chart
Big Bullish Candlestick from 61.8 retracment level on 4 hour chart.
NOTE: TRADE WHAT YOU SEE , NOT WHAT YOU FEEL . BETTER DAYS AHEAD THAT WAY .
Stay winning , stay wealthy my friends .
USD/JPY Bullish TargetsTarget Prices for USD/JPY FX:USDJPY
Long , Bullish to 111.000 level
Confluence:
Bullish rectangle on 4 Hour Timeframe
Moving Average on Daily Time is Blue (Bullish) over Red (Bearish)
Higher Low created on Daily Timeframe after breaking out from the previous resistance area (108.800)
38.2 retracement on DAILY TIMEFRAME after breaking from 108.800 level
NOTE: TRADE WHAT YOU SEE , NOT WHAT YOU FEEL . BETTER DAYS AHEAD THAT WAY .
Stay winning , stay wealthy my friends .
small FALL TO RISE? or COMPLETE break through THIS FIB levelWERE CURRENTLY sitting at a 61.8 fib LEVEL
we can see a reversal to the downside for the market to gain some more momentum to break this level in the future
if we see some wicked or consolidation around this current level it may represent
market conditions currently rejecting price from passing this level
lets see how it plays out
im calling a small short into a potential consolidation
GBPAUDWeekly- huge bullish exhaustion, Bearish engulfing, under S/D zone.
Dail- MA's are bullish, bearish exhaustion! but under S/D zone.
8h-Gap, need to be filled? MAS are bearish/ under S/D zone!
4h- LL's, & LH's, under S/D zone! potential double top? MA's are touching (bullish)
1h- MAS are bullish, S/D double top? Even though previous structure is broken on smaller TF!?
Next Target for uj 112.00We can see the previous FIB has been completed and that there’s a possibility of a pullback as price has formed a huge Bullish candlestick almost engulfing the previous candle and close above the 108.00 Weekly K.L. Therefore my bias for this pair to rally to 112.00 before we can form our next bias for the pair. IF NOT then price will test the M.As as resistance then continue to fall towards 108.00 and beyond.