theofilas

theofilas

EUR JPY RETESTING THE SUPPORT AND TOUCH OF A TREND LINE WHICH HAPPENS TO BE A 61.8 FIB RETRACEMENT

theofilas

gj sitting at a monthly resistance so be careful as the will be working those highs and stop hunting ..i personally will be looking to short after the lows have been broken

theofilas

EURJPY reacted of the 124.169 monthly resistance and has begun making lower lows in the h1 time frame ..looking to be short all the way to the bullish trendline

theofilas Updated 

THIS PAIR BROKE MAJOR RESISTANCE AT 0,70313 AND NOW SEEMS TO BE CORRECTING MEANING THE RETEST OF RESISTANCE NOW TURNED SUPPORT IS COMING IN SO THERE IS AN OPPORTUNITY TO SHORT THIS PAIR BACK TO SUPPORT BEFORE GOING LONG AGAIN

theofilas

AT THIS POINT IT COULD BE ANY ONES GAME SO WE JUST HAVE TO BE PATIENT AND SEE WHAT PLAYS OUT

theofilas Updated 

NZDUSD HAS GIVEN A STRONG RALLY TO THE UPSIDE AND HAS NOW GIVEN A REVERSAL PATTERN AT A MONTHLY RESISTANCE AND AWAITING CONFIRMATION AFTER THE BEARS ENTER THE MARKET TO SEE A SELL OF AND BREAK OF MAJOR SUPPORT AT 0.66478

theofilas

update on GJ we had a false break to the down side that tricked most trader into shorts but thats okay ..thats why we use risk ..so we also got a higher high ..and a retest this morning to yesterdays resistance now turned support and which happens to be a a 61.8 fib retracement level..happy trading

theofilas

I HAVE PROVIDED A DETAILED ANALYSIS FOR THE SMALLER TIME FRAME ..THIS IS TO SHOW A BIGGER PICTURE OF THE STRUCTURE OF THIS PAIR AND WHAT TO KEEP IN MIND THE MAJOR TREND WHEN TRADING AND ALSO KEEP IN MIND KEY RESISTANCE AREAS TO TAKE ADVANTAGE OF THE OPPORTUNITY

theofilas

I POSTED MY ANALYSIS ON THIS PAIR ON A SMALLER TIME FRAME SO THIS IS A FOLLOW UP TO GIVE MORE CLARITY ON THE EUR

theofilas

cadjpy has broken resistance at 78.475 and has no retested the level and has remained in a consolidation at this key area..resistance now turned support as the level is holding quiet strongly i believe we will see a strong push to the upside toward level 80.928..happy trading..

theofilas

GBPJPY HAS HAD A BUSSLISH RUN SINCE THE BREAK OF 135.093 AND ALTHOUGH THE CORRECTION OF THAT BULLISH IMPULSE IS IS COMING ITS IMPORTANT TO REMEMBER THE BIGGER PICTURE AND NOT GET CAUGHT UP IN SHORT TERM TRADES..IF YOU HAVE THE PATIENCE TO WAIT FOR THE HIGH PROBABILITY THEN THAT WILL BE OF GREAT RETURN FOR ANYONE WHO CAN EXERCISE PATIENCE

theofilas

USDMXN GAVE A 61.8% RETRACEMENT ON MONDAY TO THE TOUCH OF THE TRENDLINE AT 23.22153 AND I BELIEVE NOW THE TREND WILL BE EVIDENT ONCE THE SUPPORT AT 22.27191 IS BROKEN AND CONFIRMED AS RESISTANCE ..WE WILL LOOK TO GO SHORT AT THIS POINT

theofilas Updated 

usdmxn long position..as the market broke resistance at 22.46310 now the market has confirmed its bullish move wit a double bottom at 22.46310 again confirming broken resistance now turned support i believe price will be heading for area 22,69910 before we can see a reversal pattern to the down side

theofilas

AT THIS POINT THIS PAIR IS NEUTRAL ,PROBABLY INDUCING LONG POSITIONS BUT WE WILL HAVE HAVE TO WAIT FOR CONFIRMATION ..IF SUPPORT 122.158 IS BROKEN THEN WE NAY START PREPARING FOR SHORTS AND IF RESISTANCE 122.970 IS BROKEN THEN WE MAY START PREPARING FOR LONG POSITIONS