EUR/USD has a very mixed bias. But technically we are still on a bullish side. And seeing potential to 1.10661 - 1.10806 zone is where bulls might kick back momentum up to 1.11713 and breaking that level we might see 1.12842 & 1.14124 levels on Weekly & Monthly charts. Since the pair is mixed will approach it with 3 strategies. Scalp, Day trading & Position Trade.
GBP/JPY buy @ 139.807 for aggressive entry or @ 141.602 for soft entry meaning ya would be buying on top of a down slop trend line
TP @ 149.637
TP2 @ 153.353
TP3 @ 155.662
SL @ 138.643
Weekly & D1
I have closed few short trades & now I’m only left with a confirmation of a daily chart bar closing below 1446.489 to indicate another bearish leg coming up to our previous lows on 1st September 2019 @ 1388.913. Is 1446.489 a buying zone for bulls? Or if it breaks this support is a selling zone for bears?
Last previous setup stop loss got hit due to volatility but bitcoin will still continue to drop. So you can renter at current market prices “Black horizontal line” & place your SL @ 10467.30. Expect a huge drop on BTC/USD banks will play this move
Based on weekly chart if you sell @ 9350.00 and have fresh drops from previous lows from 05 feb 2018 @ 8864.00 big banks are gonna play this move all the money is on the buying side so might at well follow the big guys.
GBP/USD dive into 03 Oct 2016 - 02 Jan 2017 lows due to a no Brexit deal or a delay in it. You can start to sell @ 1.21513 and set targets @ 1.19023 this a long term trade. Other GBP pairs will also hit their previous lows or highs just like GBP/USD. I have been studying GBP/USD moves for weeks now & we just took profits @ 1.22064 storing 332pips now we re enter...
5 EMA about to cross under 15 EMA on 4 Hourly chart indicating a huge bearish move down to break previous lows @ 1.09502 to new fresh lows @ 1.08660 then after this move market will retest to resistance @ 1.09502 then fall further down to 1st March 2017 - 27th April 2017 lows @ 1.07335 which is our last Target. I suggest to open 3 positions for 1.09502, 1.08660 & 1.0735
