the pairs is currently try to make new LOWER HIGH * LH before going down. My target sell is between prize zone 146.175- 145.795 on the fibo level of 50% -61.8 % . make sure to watch out for high market impact today on Prelim GDP q/q . Target TP is around 144.042 . happy trading
Swing demand trade call on GJ for this month. Long on GJ. Entry: 137.500 SL: 138.500 TP: 146.600 Make it rain.
Fib level 38.2 in confluence with SBR. Short play idea: Short at 140.200 SL 140.760 TP 138.000
GJ is still in bearish mode. Let's see whether if its gonna keep on going down. After we've collected massive pips last month, we are now entering the 'watchout area' - play safe mode. Entry: 140.500 SL: 141.620 TP: 139.000
New Low (LL) is formed, hence downtrend is still in play. Next target support will be looking at 139 area. However, do monitor Daily as it is at our Golden Ratio Area (GR) and above the trend line. 142.765 remains as our previous high (LH). Break of that level will indicate a trend change in the 4 Hour Chart and Long Continuation in the Daily.
Candle closed rejecting the Daily 50 Fib Level. Monitor the 4 hour chart for a clear confluence of long continuation in the Daily TF. If no new highs are form, bearish remains in favour. Im expecting a short continuation to the Daily 61.8 Fib Level.
Looking at candle closed in the Daily Chart rejecting the 50 Fib Level, we could see a pullback scenario in the 4 Hr TF. Possible move to the upside towards 50/61.8 fib level on the 4 Hr TF if the Manufacturing PMI data today come out positive. We can monitor the key levels for a short continuation as long as there's no new highs form or breakout on the...
The pair has dropped substantially since Monday due to the polls between Conservative & Labour. Uncertainty rises, safe haven boosted, risk off market took place. Looking at Daily, it has broke the 50 Fib Level. Im expecting the price to reach at least 61.8 Fib Level before making a decision for Long Continuation on the Daily TF or closing the Gap Scenario....
After a long consolidation at the 4 Hr Time Frame, price starts to rally down after weak GDP figures that puts further pressure on the pound. High inflation, slagging wage growth, lower than expected GDP, an election coming up plus the thought of Brexit looks to has started to take it tole on GBP. After the latest Poll number show, the pound is expected to...
Looking at Daily Chart, Bears are still in control. No new highs are formed. Hence, downside movement is still in play and looking at 50/61.8 Fib Level. In addition to that, looking at current issue on Trump-FBI-Russia issue, markets seem to favour on the safe haven CCY due to uncertainties (RiskOff). Hence, JPY buying is increased and this automatically gives...
144.8 remains as key levels. Rejection at this area will drive the price to a new LL. However if breached, we will be looking at 50/61.8 fib level for short continuation opportunity.