Profits
DXY LONG TERM SELL • market reached a major trendline (weekly)
• for the past two days of last week price has been indecisive resulting in two reversal candlestick patterns (drawn and highlighted) which show a slow down in momentum and possible market reversal.
• so i'll be looking to sell the dollar as of now and reach that support level, but we wait and see what the market does next week and then we adapt to whatever it does and seek opportunity.
please do share your opinions and input :)
GBPJPY ANALYSIS on friday market broke a significant bearish trendline both because of technicals (market was bullish for about two weeks) and fundamentals (nfp) so i'll be looking for market to lose a bit of momentum next week which will result in a retest (corrective move) before continuing in it's bullish move my predictions say that market will reach my tp area