Hello everyone and happy weekend. After an extremely bullish week the pound continues to push against the yen creating a powerful uptrend. Although now we have reached an extremely important resistance at the Daily timeframe. Price mostly bounced bearish at this price level which is why I bet it will mimic again, ( Or in the very least a retraction of 100-200...
GBP VS JPY Let's take a quick look at my analysis. You can see here we are forming a beautiful squeezing channel within which I believe will go shooting in the upwards direction. Proper risk to reward in this trade. We have to keep in mind the Brexit news and what will happen in Britain, so always be on the lookout for news. Trend confirmed by ichimoku resistance...
I'm a simple man. I see a channel, and I trade within. No but seriously, the British pound has been building some serious power among the Brexit negotiations, not to mention they were one of the first to have access to vaccine. I would keep this in mind and remain long this week.
SIMPLE PRICE ACTION WAIT FOR BOUNCE AND ENTER... FOLLOW PROPER LOT SIZE PLEASE PPL
USDCAD crumbled last Friday falling to a key resistance point, I expect a correctional move to fix the imbalance. Be on the lookout for a bullish move to grab an entry. Remember, using proper lot size is half the battle. **These are meant to be educational and should not be taken as financial advice**
NZD CAD MARKET SENTIMENT TO CORRECT THE IMBALANCE *** Pure simple price action is most effective... **THESE ARE STRICTLY EDUCATIONAL AND NOT TO BE TAKEN AS FINANCIAL ADVICE**
The sterling hasn't been performing well against the yen, amidst the Brexit negotations in the UK, I am expecting a bearish push from the market. Keep in mind the Japanese Yen could become stronger due to fiscal policy this week. Also watch out for vaccine news in the UK as this could effect the trade idea. These are educational and my personal opinion and should...
EUR usd has showed signs of rejections and consolidation, expecting a bearish move this week