SlattYSL

SlattYSL

Right now, in my opinion, GBPJPY has been trading a channel. Why not just follow it?

SlattYSL

recent reports have suggested that inflation is moderating but remains sticky in key areas like services. If the data shows stronger-than-expected inflation, markets could respond negatively, with expectations of prolonged restrictive monetary policy. Conversely, a softer reading could boost market optimism and ease pressure on bond yields and the dollar....

SlattYSL

It’s hard to see but I believe that’s an inverse on USDJPY 1HR. I had to go to JPYUSD to see if it actually looked like a head and shoulder. Looks like it can go back to 150.8 maybe 151.1 But today is NFP so I’m not sure if it can catapult with such news ahead. Here’s some insight. The US jobs market suffered a setback last month with the worst NFP reading in...

SlattYSL

just simply rolling this widening trend to see how this plays out. I’m selling because it did not break the main structure (red and green). But it didn’t go down all the way. It tried to trend up until the mini structure was broken (blue). It retested the sell trend line so im just going to make an educated guess that it sells from here.

SlattYSL

We got GU here on an uptrend since Oct 2023. It’s currently at 1.295. Price broke 1.30 back in July and is currently looking to turn resistance into support. Shall it fail, we potentially can see a decline back onto the trend line.

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I’m back. That’s all that needs to be said. In all seriousness, this looks like a potential H&S, so let’s capitalize on the potential!

SlattYSL

Cad is cappin. So, the Cad has been weak ever since their GDP came in lower than expected on Sept 29. They also printed 0% growth in October, so it's not a recession just yet because the trend is the same & not downward. ("The Canadian economy may have entered a technical recession, according to preliminary data from Statistics Canada, but experts say people may...

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Looks like a short setting up. it topped out around .8945 & created a lower high around .894. Although that is slight, it is based on the hourly timeframe. just want to take this trade back down to the .5% retraction level on my fib scale.

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just wanna see if I still got it. shorting audjpy. Seeing uptrend fake. All about timing in my eyes. educated guess.

SlattYSL

if gbpjpy fails to close above the 162.7 resistance, then it's going to continue it's recency short bias

SlattYSL Updated 

audjpy hasnt closed above 95.6 on a weekly level throughout this whole run. it's friday & pre london, i believe this pair is going to continue the trend of closing below 94.6 on the weekly level.

SlattYSL

personally selling eurcad back into the downtrend. lot size and tp along the chart

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audjpy hitting a resistance like no other, i believe we see sub 93.5 before we see a support, if any is there.

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this could possibly be a double bottom on larger time frames. also this pair is stuck! what i mean by that is , if you look at the weekly , every time the price goes below 1.754 (yellow .625 fib level) , it gets bought up leaving a wick. if this trend is going to continue then this should be a good area for a support bounce!

SlattYSL

This pair opened just under a weekly resistance. i see this pair slightly pulling back either way. whether its to continue its bullish run from one of the support/tp levels i have marked (94 & 93.2). RISKY!

SlattYSL

Cardano falling below this trendline it's been using as force to push up, is possibly breaking, i like the trade to the short side!

SlattYSL

this pair is being supported on the weekly time frame by a price of $6.8ish. i believe in a possible pull back to the $7.3ish to $8.4ish range expecting one of those to serve as a new short term resistance.

SlattYSL

Just TA here. When you look at the weekly area. 85.20ish is normally support. i just see this ABCD Extension pattern here and so i believe this pair is short to at least one of the circled fib levels!