GBPJPY has broken the down trend around the 144.60 on the 4 hour timeframe. From the current price we are looking for a small correction inside our established kill zone for an opportunity to buy long for a nice trend continuation trade to the upside. If price breaks out and above topside resistance early then we will be buying long above the established zone. ...
GBP/JPY has now bounced off of support in the 138.00 zone on the daily time frame and has clearly broken the recent down trend. We are now looking for a harmonic retracement in the neighborhood of the 61.8 fib. Our long entry kill zone will be between the 50% and the 61.8% fib retracement levels. Price has established a perfect 45 degree uptrend angle (Gann) so...
EURUSD completed retracement and has rallied back up to retest the high...with a close above the high and conformation this looks like a good long trade up to target # 2. Just my idea. Plan your trade and trade your plan.
Harmonic pattern complete. Next stop 135's
USDJPY long bounce play coming up on the 4 hour chart. This setup will likely start off with London and carry through to the US session. I am expecting price to continue to drip down lower (price action is still 63 pips from the bottom of the channel) until we get a good solid bullish rejection just in time for the London session. Price has been trapped between...
Same as her sister the GJ just a little stronger. Good luck all and please trade with caution.
The landscape for now. Short term long run with an upcoming big short entry.
For you pattern traders...she has already hit target #1. Looking for #2 and then on to possible extended targets! Just my view on things if it does not meet your setup then do not trade it and as always please trade with caution and good luck to you guys! Kindest Regards, MFWIC P.S. GJ is running a little behind UJ but the London open should help this...