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AUDJPY Sell Hi All,
We are looking for wave 4 down inside the ascending channel. While the JPY fundamentals has drive the Jpy lower in the month of May, we should look forward to the economy to start re-opening in the coming weeks on month to support this technical analysis.
entry and sl marked.
Many Thanks
CHFJPY Sell Hi All,
Following on from our previous sell analysis on this pair, this is an update as fundamental has played a major role in the trend mover higher. However our Sl is still intact. We still very much in the trade.
looking at the weekly we anticipate price to start retracing in the coming weeks of month, only if japan comes out of the state of emergency on the 21st of June.
Many Thanks
USDNOK BUY Hi All,
Looking at this pair we have an impulse wave 2 up from the descending impulse and also we are inside a downtrend diagonal which signals a trend reversal from bearish to bullish. This is not a short term trade, so you will have to be patient and stick to the sl marked, once price move 50pips into our direction you can move SL to entry or above.
Entry and SL marked.
EURAUD BUYHi All,
Price has given has that second touch of the trendline and as we can see we have the bullish momentum kick starting with bullish engulfing candle. We are now looking at locking this trade with a long term bullish bias and opening our long positions.
FYI as we are still inside the channel expect price to move top to bottom until we break the channel !
Entry and SL marked.
Likes and comment welcome.