turkeypoint

turkeypoint

Hey Guys, GBP/JPY is trading under the 200EMA on the daily and the 4Hour chart. The Fibonacci retracements line up very well for a short. It has formed a bunch of bearish candle stick patterns after the touching the 50% level. In this trade right now with about 25 pips My only real concern is that when I went through the Ideas section on the Trading view for...

turkeypoint

USDCAD has been seeing a lot of downwards movement on the technical chart. For the past four periods its has been testing a particular historical resistance trend line(Thick Blue). I have identified two key support lines(green), will wait for a break. A few "Hanging man" candlesticks have been observed which indicate a probably pattern reversal from bullish...

turkeypoint

EURUSD is continuing its Bearish momentum and rapidly approaching the second level of support. RSI is entering the oversold region which could indicate that a reversal is imminent. Price action upon reaching the support zone could determine a continuation or a significant reversal. Good luck everyone.

turkeypoint Updated 

EURUSD is testing a key support zone, lets wait to see the trend development. it might help to switch to a lower Time Frame for an entry. Although we are still in a Overall bearish trend on longer time frames.

turkeypoint

The pair will bounce off the support of 1.3130. will try to test the resistance level of .50 on fib extension. I doubt it will break that level.I will try to take advantage of this current bounce.