CONFLUENCES: - Rejection of 51 EMA - Rejection of 61.8% Fib Level - 4Hr Spinning top close -Bullish Market structure confirmed by a crossover in EMA - 1:3 R:R
FX:USDJPY CONFLUENCES: - Early signs of rejection of 71% Fib - Early Signs of rejection of highlighted area - ABCD Pattern Formation - Early signs of Rejection of Daily 51 EMA - Need to see bearish close due to DXY strength for entry
Confluences: - ABCD Pattern Formation - 4hr rejection from Fib levels and trend line - Rejection from 51 EMA - Minimum 3:1 RR to next significant high
Confluences: - Rejection from 51 EMA - Rejection from 61.8% Fib - Breakout and retest of the consolidation area - 4hr Spinning top close
Confluences: - 4HR EMA Crossover - Rejection of 51 EMA - ABCD Pattern Formation - 71% Fib rejection - 1Hr Spinning tops signalling indecision
Confluences: - ABCD pattern Formation - Rejection from 51 EMA - Psychological resistance at 1.78500 - Large market gap from previous sessions
Confluences: - Retracement to 61.8% Fib Level - Waiting for candlestick rejection from Fib level and 51 EMA - Could see further rejection from 71.000 psychological area which lines up with 71% Fib level - Downward trend formation in 4Hr currently creating a lower high
Countertrend short on EURJPY back to prior resistance. Confluences: - Breakout and retest of minor support - 2 4HR shooting star candles - MA crossover in the 1HR timeframe
Confluences: - Classic ABCD pattern formation - Re OANDA:XAUUSD OANDA:XAUUSD jection from 51 EMA - Need to see further rejection from 61.8% fib - Approaching previous support - Fundamentals support risk on momentum (thus safe haven weakness)
- Nice Channel formation which is respecting support - Awaiting breakout of minor resistance and rest of 71% Fib level before a strong push to the upside target
- EU has reached a significant daily resistance and is showing rejection from this highlighted area - Expected $ (DXY) strength into next week - if this pair reverses I see longer-term downward momentum to 1.15000 - Haven't entered the trade yet but will look to enter once the pair breaks out minor support
- Counter Trend Trade but significant wick rejections from the highlighted area & 51 EMA - Nice breakout & retest formation - Expecting dollar strength into next week which equates to weaker GBP - Haven't entered trade yet but will monitor price action at London open on Monday (23rd November)
- Potential for a bullish week, sparked by positive PMI as this rose to 56.3 last month, from 56 in September as well as Poorer US NFP data - Technicals support this as trend retests support levels and MACD moving averages crossover - However be wary of next weeks UK CPI data as Mark Carney mentioned that CPI could be higher than 3% which will have adverse effects on GBP
- following positive PMI data, this will bring the EUR back to area of resistance, however I believe the pair will retest this level leading to a bearish move towards the monthly support of 1.1450 - I believe the ECB will remain dovish in the upcoming meeting in regards to the QE programme as this is necessary to secure the gradual convergence of inflation towards...