Samra03

Samra03

GBPUSD has been trading within a confined upward Trendline since Jan 17 recording Higher Highs & Higher Lows on the Daily Chart. Expecting to see this hit 1.35 by month end. However, it's important that GBP can break past 1.3260- 1.33. Break of this will allow for further bullish momentum up to 1.35. Rejection of the 1.3260- 1.33 line will see a retest of the...

Samra03

Looking at pricing history for USDJPY, is in a consolidation range and seems to follow a similar pattern of alternate monthly highs followed by alternate lows between 108 and 114. Expect price reversal opening few days on the back end of increasing Korea tensions and small backlash from NFP last week. Look for retrace to 109.563 before taking a Long position to...

Samra03

Interesting trend on Daily chart showing every alternate month we have a dip to 140 ish and a peak at 147.000 above monthly resistance of 145.000. Price action also seems to be similar in the way it is mirroring previous upward movements. Entered Trade at 140.979 SL 140.200 TP 1= 142.185 TP 2= 145.000 TP 3= 147.000

Samra03

Expect possible push towards Weekly Trend Line to start the week... Looking for an entry point around 130.750 region, however will have to assess early market movements to confirm entry. Currently Stoch Oscillator on both the monthly and 4H chart are indicating overbought with the daily also creeping into overbought territory (81.36). On the 4H the overbought...

Samra03

USDJPY long! Seems to have bounced off bottom of weekly Support lines and has been trading in a range between 109 and 111, having bounced off 111 multiple times. Entered at 109.094 SL 108.750 4H chart

Samra03

Range Bound- Expected retrace of EUR to test Daily T Line at 1.15350 before a bounce to Monthly Resistance. Further backed up by RSI touching overbought territory. Bullish momentum over next few weeks could see breakout of monthly TP.

Samra03

Range Bound- Expected retrace of EUR to test Daily Support of 128.8000 before a bounce to 130.4980. Bullish momentum over next few weeks could see monthly TP of 133.8000 tested before a retrace to new resistance area of 130.4980.

Samra03

New to Forex so any feedback would be welcome... Currency looks to be moving in a range between upward trend line breaking resistance twice at 128.1664 and recently at 130.099. If currency holds above resistance then possible break higher potentially hitting target of 132.000