Major
Pending LongStrong push up, price is now retracing and now we wait to see if price is going to hold before heading up further.
Drop it like it's hot?I have a dream. And that dream is GBPUSD going down because we've hit resistance and now are back in a similar position since May.
US30/USD MAJOR BREAKOUT PENDING - POTENTIAL SHORT- Rejection off 61.8
- Price floatation below supply zone
- Long term downtrend
- A great long term opportunity!
28th of april usdchf bearish moveusdchf has rejected major weekly zone (purple, price has created a xabcd pattern and a 4hr/1hr resistance zone (yellow) also appears.
A MAJOR TOP AND CORRECTION PHASE NEAR LONG TERM BOLLINGER BANDS ON M/WK/D MODEL As well as two long term Trend line are as well , bullish sentiment .Every time over the bull market once we have got outside the B bands on monthly by 75 to 82 sp points a very sharp decline followed , THE UPSIDE IS NOW LIMITED TO 2985 TO 3015 Not my 3061 to 3181 . also the VIX MODEL AND P/C NOW . MOVING AVG MODELS ON THE 200 DAY GOING BACK 200 WK AND 200 MONTH MODELS PEAK AT 3015 3025 NOW BASED FORMATION . WE MAY SEE A VERY STEEP DECLINE INTO JULY 10 .Peaking into a lunar cycle based on past models the dates of may 6 to 12 and july 10 should be the decline phase . Will post targets in the coming week
NZDUSD: Sideway Volatile Market TypeThe pair traded in a range between 0.6700 and 0.6950 as market awaits further clarity on global yield growth.
Focus will be on China's growth projection figure that will be outlined by Chinese Premier, Li Keqiang. Yuan's independence from manipulation will be another focus at China's Two Sessions as any commitment and assurance by the government will signal positive progress for US-China trade talk.
Wait for rejection from support or resistance level for a 1:3 trade plan on daily.
AUD/JPY Dropping +50 pipsReasons and FACTS:
1HR Parabolic SAR indicates a bearish reversal
Fake out on trend line indicated strong sell power
ATR is showing a possible rise in Volume and Volatility because we are at very low Volatility right now and at this level Volatility has shown to rise every time.
AU and UJ showing many bear signs and I'm short on both so it would be logical for AJ to drop as well because Aussie is looking weak and JPY is looking strong.
Enter at own risk
Possible GBP/USD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find resistance at current levels at @ 1.324 - 1.3325 levels and move towards the first Target 1 level @ 1.2990
FX:GBPUSD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 1.2990
Target 2 @
Risk/Reward @ 4.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
