Looking for GJ to pull back to the 50% range of the previous 4H candle. Looking for a potential Short position at 169.100 if we get confirmations on price actions.
Got my color scheme all set for Halloween! Wow! Price gapped up approx. 60 pips at the opening this week. Tuesday and Wednesday we have some fundamentals to keep an eye on coming out of BOJ and BOE. At this time I getting some pretty bullish vibes from the market. After our bullish run next week I feel that we could continue this bull run to the previous high...
One more look at GJ before we close out this bullish week, here are the possibilities that I will be looking at moving into next week. My monthly bias is currently in a Neutral bias. But I will be looking for Long positions for higher R/Rs. We still have shorting opportunities but I believe the greater moves will be on the bullish side.
Looking at GBPJPY we broke through a 4H zone on the last bullish run. Will looking at a LPT short back to the 4H zone approx. 70 pip move. Once we reach the zone we'll be looking to go long after we reach the zone.
I'm still short bias on GJ for now. On the 4H tf we have a doji at the peak of our bullish run from previous sessions. I can see this being a retracement falling between the 50-61.80% of our fibo measurement. This peak could be the lower high forming before dropping further to the down side and filling the current imbalances left from our previous bull run. Stay...
Looking to enter a short position at 161.200 for a 1/3 RR. 159.800 being our first t/p and holding running positions for further moves to the downside. ** This is not financial advice . We wish to point out that trading in stocks, currencies, CFDs (Contracts for Difference), Forex, spread betting, futures and cryptocurrencies, etc. (“Trading”) involves a...
Looking into next week I will be looking for a long position if price pulls back to the area of 161.500.
Looking at GBPJPY at the close of the March Candle and end of Q1. Price has broken out of the top of the monthly range with heavy bullish pressure. I have two options that could play out in early weeks of April. 1. Price respects the previously Monthly Demand AOI and continues its Bullish Momentum 2. Price Retraces back into the range back down to the Origin...
Looking for EU to go long after finding support and printing a bullish footprint. I believe we're having a retracement before heading further north.
I am leaning towards a bullish bias overall but taking a potential LPT opportunity on the pull back of the last Bullish Footprint. Will be looking for longs later this week.
Still bearish on Gold. Coming up on my 78.6 level Fibo. Looking to the left we have a lot of consolidation with a bullish push but failed to make a higher high on the last push. I feel like the bulls may have lost their push. If the bears continue we'll be following the weekly trend and push further down. FX_IDC:XAUUSD
Im still bullish on GBPJPY. But I think we'll see a corrective move before another impulsive move up breaking MKL-152.
FX_IDC:EURUSD EURUSD moving down to 61.8 on fibo. forming a double bottom. May take entry at market open keeping SL just under last low
Looking at continuing with my bullish bias on GBPAUD. If price respects the resistance 1.80200 I would like to see it come back to the fibo level of 1.79700 before taking a long position.
Last week GBPAUD found support at the key level 1.78 pushed higher. Stalling at the most recent are of resistance I believe we will see a pull back to what I see as a supply zone, respecting the trendline and confirming the fibo level 61.8 fib for entry before continuing up.