I am not pretty sure with my eyes..but I spotted a triangle on EURJPY at 1 hour timeframe. And there is a retracement at 23% fibonacci retracement. By the way, let’s go into larger timeframe on your chart, you can see a hanging man pattern on your 4 hour time frame chart. In my opinion, [...]
I did posted my Eur Chf chart before this, expecting a breakout of 4 hour trendline for this pair and the trend in my opinion should be bullish. So yesterday, I noticed that Eur Chf move as expected, breakout of that trendline and banked about 130 pips then retraced to 23% fibonacci retracement. Today is [...]
Chart updated. My previous analysis for GBPJPY was invalid. Its ok, I am still green due to early entry at 129.11 and still holding that position even already close half of that entry. Back to the basic wave counting, below is the chart. Until the level 130.51 remain intact, thus this counting should be valid. [...]
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EURCHF is not among my favorite pair, until yesterday I long at 1.3006 and until I write this post, I already profit 29 pips. Very slow and this 29 pips takes all night long. Its ok. Let’s see its monthly chart. And below is its weekly chart. And below is its 4 hour timeframe chart. Yezzzzaa!! It [...]
It’s look like a rising wedges pattern on 1 hour timeframe for GBPJPY. What do you see on your chart? Besides, I also spot a bearish divergence on that chart, either through RSI or Awesome Oscillator. I believe, GBPJPY for today, August 26 will be a reversal if..if the bearish divergence is valid. Happy trading [...]
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As expected move on USD CHF, I believe the previous counting as did mentioned during weekend is valid. And now, at 23% fibonacci retracement between last week high and low, I do hope it is currently in sub wave c, waiting to complete and the price should start its another new sub wave 1. Let [...]
USD: Continues weakness on months of poor data and receding hopes for rate increases, traders content to let it run down while EUR runs up, though little has changed in their relative fundamentals. EUR: Continues to gain on USD weakness, also helped by fading awareness of ongoing troubles due to successful bond auctions and markets [...]
Above is GBPUSD chart for this week, after the market closed. It is 4 hour timeframe chart, and its already breakout of that diagonal triangle. What to expect? Last week, we can see a downfall for about 430 pips, will it continue its bearish on the next week? As you can see on the chart, [...]
