wifipci

wifipci Updated 

The price of GBPJPY is approaching the major support level (144.xx-143.xx). So what?? It's like we driving close to a intersection, we are in a pyschological zone that need to be focus. Can we sure that we will stop or keep on our gas pedal?? - I repeat - WE DO NOT KNOW. So we wait for the signal from the traffic light. Rush in and the cops will knock your door shortly!

wifipci Updated 

The EURUSD is currently inside a symetrical triangular which is a neutral pattern. However last 3 candles look really bearish, we can expect a break out soon. So once the price breaks down the pattern, it encounters the major support at 1.15500. Watch the price action at the support zone and follow the trend

wifipci Updated 

It is very clear that the price touch the support level of a strong channel. Will it bounce upward? Maybe! Will it break the channel and go down? Why not? The price has touched the support level for 3-4 times We need to wait for confirmation. Just wait

wifipci Updated 

I observe that the price broke the support line few days ago after forming a perfect double top pattern. The price is now re-testing the support line. If the price goes lower than 85.0, it's a good time to Short. So, just WAIT for 2-3 days If the price continues going higher, we will re-consider. Entry: 85.0 TP 1: 84.0 TP 2: 83.0 R:R ratio should be 1:2 or...