*Personal trading journal* Potential target - 1.40000
*PERSONAL TRADING JOURNAL* For information on technicals, please just comment.
*PERSONAL TRADING JOURNAL* if you want explanation of technical please just comment. Thanks
*Personal trading journal* - If you want information on the trade, eg; summarise of technical then please comment. Thanks
gbpjpy confluence - TL break, fib target, Monthly close on 61.8
USDCHF on the monthly time frame so looking at the overall bias for this pair. As you can see there is a bearish trend line that started in 2003 and price still seems to still be failing to break through, also ever since 2012 you can see price has failed to reach above 0.618 fib level. March's candle broke both above the trend line and fib level but failed to...
Gold in its daily time frame has retraced from 0.5% fib level, potential ABCD pattern forming, don't really use ABCD on my charts but I thought id add it on. This pair has been fighting for the 1200 level with but with last weeks strong bearish move I believe it could been broken. It is also under the 200ema, in a bearish channel, and almost under the ichimoku...
Just some quick analysis for you, usd/jpy at a strong support level, a clean break of this would mean a break of a strong level as well as price would be riding under the cloud, as well as confluence to the downward channel. 8hr chart the 200ema has bounced off as support many times, but has just broke under. Apologies for being so brief!
quick bit of analysis for you. Ok eurusd on a small bullish trend at the moment, overall bias is bearish still, a break through around the 1.1000-1.1050 level could be potential reversal. - its a key level - price would be riding above the cloud - as well as opposite side of trend line - also the key level break would form a double bottom.
Higher high and lower highs continuously formed, next higher high I believe has been formed, which if the uptrend continues I will be looking for a lower low, with the bottom trend lines. ABCD pattern confluence. Buyers seem to not have such a strong presence after the sudden bullish spike. This is just a template with the basic confluences.
As you can see GBPUSD has been in a downtrend since mid 2014, I expect the downtrend to continue to levels of 1.4819 this is the first target. I got this target by taking the range of the current price and as the market moves in legs added 'a leg' onto the bottom, lined up with past strong support and also fib ex. Confluences - Downtrend - Ichimoku no signs of...
Gravestone doji has formed as the last candle on the trading week, so you have to take into consideration the gravestone doji could not be valid just because it was the last candle meaning there was not really many trader's active. I am expecting a decline in uk100 so after a bullish move I'm just looking for opportunities to jump back into a bearish trade,...