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Week18

#GBPUSD, end of bear in Week 17, bullish in Week 18?So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses as well in GBPUSD, I was expecting a further downward movement. However, the analysis in Week 17 is now pointing us towards a bullish movement in Week 18. With a completed reversal pattern in bearish level 5 zone, it does look possible for the bull to regain its power for a bull ride in Week 18! I will personally enter a long for GBPUSD in week 18, as well as long in EURUSD and short for USDCHF. Probably a smaller position for USDJPY as a risk control measure. I hope all traders continue to make good profit in Week 18! Please like and follow me if my analysis provided you with some insights, thank you for supporting me! =)
Long
by xunnobi
#EURUSD, end of bear in Week 17, start of bull in Week 18EURUSD completed its bearish movement in Week 17, and towards the end of Week 17, it also tried to make a bullish move. So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. EURUSD made a very expected bearish move in Week 17. I managed to catch part of the move and exited with some profits. I was heavy in USDJPY for Week 17. With the end of the bearish movement in EURUSD, the analysis points toward a bullish move in Week 18. Currently, EURUSD is seated in zone 3, which usually is a zone for the reversal to happen. Even though EURUSD ended the week with bearish candles on the H1 chart, the long tail that precedes it gave us comfort and confidence that the price will resume its bullish movement in Week 18. I will be entering long on this pair for Week 18, it seems to hold a lot of potential for movement in Week 18. I hope all traders will continue to make good profit in Week 18! Please like and follow me if my analysis provided you with any value! Thank you for supporting me!
Long
by xunnobi
4
#USDCHF, strong bull in Week 17, expect a short Week 18USDCHF made a very strong bull movement for the past two weeks and I personally suffered some losses by going short on them, however, I am glad I avoided them completely in Week 17 since it showed that it is going to extend its bullish movement. I am away for the weekend of Week 16, thus, I did not make any update. However, I am still trading the market, so I am here to present the analysis for Week 17! Towards the end of Week 17, USDCHF got into a consolidation phase which showed that the bull is now having some trouble to continue its movement. USDCHF has made about 7 levels of bullish movement according to the analysis, and they do not seem apologetic at all! However, it seems to have stalled a little by the closing of Week 17, and it is currently staying at a new multi-week high. The H1 analysis points towards a short in the coming week and I will be doing just that since I have found the pair to be over-extended now. However for traders trading USDCHF, you guys still need to be careful of the potential loss that it might bring. For me personally, I will be entering short in Week 18! I hope all traders will continue to make a good profit from the market in Week 18! Please like and follow me if I have provided you with some value from my analysis, thank you!
Short
by xunnobi
#USDJPY, reversal in Week 17, a short Week 18!A great week for USDJPY! I missed out on my analysis for Week 16 as I am overseas, however, I am still trading the market! USDJPY made a great move towards the end of Week 17. I had a wrong level count previously that led to me still looking for another high to be made in Week 17. Now looking at the situation, USDJPY actually made a reversal pattern in Week 17 which coincided with level 3 of the bull trend. In Week 18, the analysis points the movement towards bearish and we will be likely to be able to profit from a bear movement followed by consolidation at the end of Week 18. I personally would be entering a short, since the outlook is bearish and I am comfortable with the situation. I hope my analysis has provided you with some insights, please like and follow me, thank you!
Short
by xunnobi
2