GBP JPY - Pull back to 141.1...Weekly - Bearish Reversal Candle
Daily - Resistance @ 143.7 (end of the uptrend)
H4 - Support broken @ 143.35, push lower to Daily Support Level 142.2
H1 - On Retest of Support (now Resistance) @ 143.35.
I will be maintaining two positions, this trade to the H4 Support and another down to 142.2 or some Daily Bullish Price Action.
England
MAREL HF DAILY ANALYSIS Hi friends
the daily chart of this market will experience with a very high probability an uptrend in the next few days but at the same time it is better to be vigilant of the change towards the opposite direction of the market
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EUR/GBP:Knife CatchingNot to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally.
Clear unbroken upward trend, therefore buying in over here would not be the worst move.
Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak proponents of the Euro average out the gains of the good.
We shall see.
-Megalodon Whales (Rahim)
Enjoyed charting for you, please give me your opinions on the idea and you are welcome to drop yours below too :)
FX:EURGBP
ISFA (FTSE100 ETF) - downtrend to new lows continuesISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
GBPUSD - tracing minute wave iii up - probable target at 1.40GBPUSD finished a long-term corrective wave "b" and it now entered the early stages of cycle wave "c" up. It its currently tracing minute wave iii. This scenario should elevate its price to a first target at 1.40 in up to 2 months. It it crosses down 1.207, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
BITCOIN: IT'S THE BEST MOMENT TO BUY?Hi friends, how are you? I am happy to present you my vision on bitcoin for the days to come! Personally I am bullish because I have several grapghic indications which indicate it to me.
First, the uptrend was confirmed after the break of the ascending triangle.
Then we attended the break in the pitchfork level and finally to confirm the increase a retest on the pitchfork level and the trend line simultaneously !! To add to this we have an indication of the Price action!
Thank you for taking the time to verify my idea and leave me a like if it was useful to you!
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