GBP JPY Short This is my analysis for this coming week I think that we are still looking at a correction. We have broke out of a rising wedge & we have retested the higher high that was previously made and closed under it , we have failed to breakthrough higher & created a double top We are still oversold on the daily & weekly time frame and are running into...
I'm expecting to take a trade for a long position on CAD/JPY after I has retraced quite a bit to the downside
I’m going to be looking for a long position as soon as the market opens I do believe we will retest the high and potentially go even further up to 150 We are in a oversold market and we have broke out the baby bands which leads me to believe we are going up
What I’m expecting with EUR/USD is a short position back down to 1.088 We have broke out of BB bands so I’m going to be taking a short position We have also reached the resistance line and closed more towards the downside than upside
NASDAQ has created a double top in a resistance area that makes me believe that we are going to go to the downside first before we continue going up
EUR/USD has created a head & Shoulder pattern , it's currently retesting the trendline after breaking through it before making further movement to the downside. It has also broken out of the BB bands giving me even more confirmation that the price is going lower.
We are still overbought market on the daily and weekly timeframe also GBP can’t continuously keep going up. There’s currently 87% short positions open on GBP/JPY compared to 13% long. GBP has a inflation problem and has already registered more small businesses falling into administration in may then previously months. Britain’s cost of living crisis is broadening...
We are in a way overbought market - I'm expecting a retracement before more buyers enter the market and have the price continue going up
I'm expecting a small retracement before the price goes back up again and reaches the previous resistance level , i think price will bounce of the 200day moving average and continue to go upwards
Retracement before going long , short till 0.618 Fib level and then only upwards from there towards the next resistance
The price is heading to its previous high that will now be our resistance zone im expecting it to reach it before we have a retracement
Looking at EUR/USD to go down before going up USD have a interest rate decision this week that i doubt will be raised so im expectation the Euro to go up
We have had a break of a previous resistance zone with a very nice strong daily candle. I'm expecting to have a little retracement as we do have the UK unemployment data top come out and the unemployment figure is meant to go up. So a little retracement before continuing to keep going up
NASDAQ has broken out of a major resistance zone and i am now waiting for a retest before going for a long position too the next resistance zone