Do not open any trades yet, wait for second high test. No trades have been opened yet, waiting for the confirmation. GBPJPY has broken under the 4H 50 EMA and is failing to recover back on top of it. After a drop in prices, it recovered and did a high test (Prices pushing up in a short trend but failing to break the resistance (4H 50 EMA). We can expect a drop...
GJ - BEARISH - Still Retracing... Still 140.777 Target #Forex #FxProNow GJ has been on this slow retracement, blahhh... Well it should almost be done now... We are just waiting on a nice bearish engulfing on the M30 and we should see the continuation to the 140.777 area... Oh well... More pips for the move...
GJ - BEARISH - TP @ 142 Then 140.777 #Forex #FxProNow I see price has made enough of a retracement for the M30 TF... Now we need a bearish engulfing on the M30 for the continuation of the moves downwards... Here is the Full Video Analysis:
The market has found a level of support that is obviously too hard to break through... Retrace is coming... Will probably get to 61.8 Then continue Lows to 140.777
Still looking for the retrace to continue... 140.777 to be hit Check Out the video that comes with this....
Right now GJ is still consolidating... I still see GJ pushing to the downside... Daily's Fibs show no matter if price is going to continue to the upside for an uptrend of the Daily or downtrend for the daily... I still see 140.777 getting hit.
We have a strong trend line formed which price is currently at and a strong SELL zone which price has just entered STRONG SELL. We could see a run down to our support level where we will be looking for a BREAK as we are near the end of a descending triangle. This is all.... Thank us later.
From our chart you can see a STRONG resistance level ( green line ) and you can see our TP/support zone ( red box ) we are using this zone as this has been a KEY STRONG resistance turned support area in the past, this is probably where the big players and banks set orders hence why these levels are so well respected. Remember if you can change your mind-set to...
From the chart we can see that a VERY strong and reliable trend line has formed, this trend line is been used as both support ( purple arrows ) and resistance ( green arrows ) 2 weeks ago price came up to test our trend line as resistance eventually breaking this level then pushing price higher, then last week price came back down to test this line as support,...
142.019 area is such a strong support ( orange arrows ) if you cant see this then go get your eyes tested and please stop trading as you will only bankrupt yourself. This level has also been used as resistance before ( purple arrows ) so we will wait for the 4h candle to close to see if we are going long like we anticipate, either way we will have orders in place...
I believe The next move will go to 140.777
143.581 - 143.379 is a lovely zone, you can see where price entered it and bounced bearishly ( to the downside, orange arrows ) and bounced bullish ( to the upside, purple arrows ) You can see the importance of this area, its like a sh#t city, nobody wants to stay or live there but you have to pass through it to get to where you want to go.... The candles are...
GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment! At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South ! However, a...
GJ is now a clear downtrend when it comes to the H4 TF... Just right now in a hold up... Lets see how long it will take for the small retracement to finish for the continuation to 140.777
142.083 is an are that has previously been used as old resistance and more recently it has turned into a key support level, Price is currently at this level now so we are expecting a bounce and a possible run upto our TP zone ( blue box ) On the chart we have marked out with purple arrows where price tested this level as support and the blue arrows show where...
SO we see the continuation of LH's on the H4... Great! Makes our 140.777 target look very true. Go to our page and watch the last video to see how we broke this down...
Hi Guys. Its been a long time that i didint publish analysis here. So i would think of starting to get back here hopefully can make you clear about the trend currently. As recently the cause of the Brexit news effect the Pound went for a strong rally. For GBP/JPY i do see a resistant on 143.810 level. This major level may decide the trend go uptrend or...
GBPJPY BUY 144.20 - 143.55 SL 143.20 TP 145.80 TP2 147.15-50 ( potential short zone) TP3 149.30 www.trade-insider.com