stpenda

stpenda

My previous analysis on this pair still stands but if price breaks above 1.31030 then i'll love to see price pull back for a retest and wick rejection on the 15m for entry.

stpenda

Price has been in a downtrend for some time as you all should know JPY pairs fell massively. Price has created a level at 120.385 but there's still a chance price might go back to test level at 120.050 (colored red). If that doesn't happen, i'll be looking top see price break up 120.787 and pullback for a retest or possible HL formation before looking to go long....

stpenda

Price has been in quite an overextended move to the downside and created a potential Low at 1.29742. I'll love to see price breakout of structure at 1.30478 and pull back for a retest or HL formation on the H1 before looking for entries.

stpenda

Price created a level at 1.32634 and came down to violate a H4 structural support at 1.31030 and has been forming LL & LH on H1. There has been signs of exhaustion on H1 but i'll love to see a strong push to the downside and a retrace with signs of exhaustion on the 15m before i go short on this pair.

stpenda Updated 

Price is currently at a level where it could bounce back and continue downtrend or it could break and go for a double top before coming back down. Either ways we good to go. Watch out

stpenda Updated 

I initially sent out a neutral idea on this pair because i saw a possibility of price pushing up to 1.34939 for a double top before moving down but now i can see some buyers exhaustion at 1.31121 so that should be a possible LH forming. Now on the H1 i'll be looking to see price break below 1.30927 to confirm price has started moving down and a pull back on the...

stpenda

In my initial analysis i was looking to see price bounce back up but price instead broke below 1.30513 so i'll be looking to see a pull back and sign of exhaustion before looking to enter. Watch this pair closely because it has been in a push phase on Higher time frames with no significant pull back. Just monitor it closely or you'l go short at a wrong time.

stpenda

Here i'd love to see price come to 0.67838, push down and pullback for a retest or a LH formation then start a downtrend.

stpenda

Price has come to a supply zone and formed a double top. Now i'll be looking to see price break a level at 122.053, pull back and push down until 121.132

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Price has succeeded in breaking out of a key resistance so i'll be waiting to see a pull back to that level or as HL formation with signs of sellers exhaustion before looking for buy entries but there is still a chance price will break back down because it is still moving around the broken resistance. Let's watch closely and see what price does.

stpenda

In my previous idea on GBPAUD i was looking at price in a long term move but if you are a Day Trader you could trade the pullback to 1.90200. Price has formed a zone with support at 1.86745 and resistance at 1.87839. Now i'll love to see price breakout of 1.87839 and pull back before pushing up to 1.90200 as a long term retrace.

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Guideline are written on the chart. Look at my next Idea for a possible Day Trade entry

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Price broke out of a resistance at 0.69250 so i'll be waiting for a HH to form and price come back for a retest or HL formation with sign of exhaustion then i'll plan an entry knowing price will definitely go to 0.70750 before maybe reversing.

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Price has approached a support level at 1.30513 but instead of hitting the level it has formed a level at 1.30642 which it has held for some hours now. Now i'll love to see price breakout of 1.30832 and pullback for a retest or a possible HL formation then a push up but if price breaks out of 1.30642 then i'll be looking to see price return to 1.30513 before reversing.

stpenda

Price has been in a long term downtrend and has come down to a level at 1.65710 created since July, 2019. Price didn't hit the level but it came within that zone and created another level (1.66316) that has been tested severally but unable to breakout for about 20hrs. Price is showing sellers exhaustion so i'll love to see price breakout of 1.66316 and pull back...