I know i posted a long position recently on GBPJPY but i am now really reluctant because of the pin bars failing to close above 150.400 for several times. If you have read Fibonacci Trading by Carolyn Boreden you will know and understand this type of possible retracement. I am now short on this pair and closed my previous long position with a loss. 1) Running...
Currently waiting for confirmation for a long signal on FX:GBPJPY
Currently holding a short, will enter again on the pullback A bearish chart pattern used in technical analysis that is created by drawing one trendline that connects a series of lower highs and a second trendline that has historically proven to be a strong level of support. Traders watch for a move below support, as it suggests that downward momentum is building....
FX_IDC:XAUUSD retraced at 50% at 1300 zone and is currently dropping. I am anticipating an ABCD pattern, i am short on this pair
FX:GBPUSD broke area at 1.34429, pulled back to retest the area again and a pin bar was formed pronouncing a bearish continuation state.
INDEX:DXY has broken long term trend line, pulled back into the structure. A possible inverted H&S could possibly form thus going as high as 96.00 or even beyond.
FX:EURUSD currently completing right shoulder of H&S pattern on daily chart, price seems to be rejected at around 1.18865.
Pull back to the structure confirms a shorting opportunity
Long AUDUSD
If you didn't get a chance to EURGBP buy on the Daily support, here's another possible entry, SL could be at 0.88600