Wait for a retracement to either 31.8% or 78% then go short
Good confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
I see some JPY weakness coming into the market after USDJPY rejection off 100. 127% extension fade zone on the hourly, 4 hour, daily timeframes. Strong confluence that we see NZDJPY up towards 79.
We've seen a holding of a long term trendline on the 4 hour in gold Trigger is a counter trendline break, targeting the outer trendline @1240
Fibonacci hit a D at 1.0350 almost to the pip, a new fib has formed. Expecting a move up to 1.0460, where the dollar strength will resume and push down to new lows and to the 161.8% extension at 1.0150
Strong technical pattern, price likely to test the figue at .69 GDP figures out for kiwi later tonight, could see strength of this level. will consider a long trade. Follow me if you like my analysis
Going to play either a momentum long move with a 61.8% retracement, or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward: LONG @ 1.7740 S/L @ 1.7594 TARGET @ 1.8150 SHORT @ 1.8030 S/L @ 1.8105 TARGET @ 1.7820
Expecting a pullback to the 61.8% retracement, before heading to the 161.8% extension. Continuation of trend. Stop behind the swing and a resistance.
FOMC rate hike and hawkish sentiment has seen some long standing supports broken. Fibonacci target 1.02 first then beyond parity towards the middle of 2017
EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
Bearish outlook on daily and weekly timeframes. Could see the price drop before FOMC on wednesday
Waiting for a retracement and retest of 1.22 before taking cable up to 1.28.
Retest of 1.34, then drop off to break the neck of the head and shoulders. Purple line is predicted price action.
Over extended market, due to pullback. tight stop high RR.