Weekend Analysis – Are we seeing a reversal on GBPJPY?
GBPJPY been on a downtrend for months, Could we be seeing a reversal now? Or just a simple bounce before the bears step in again.
Weekend Analysis – AUDUSD Potential Bullish Gartley
AUDUSD has been consolidating for the past 2 weeks, waiting to break out. Staying focus and trading what we see.
Market Analysis: CADCHF – Harmonic Patterns perfect for consolidation moves
Since last week, we were expecting this pair to consolidate. Switching to the lower time frame H1, there was a Bullish Bat pattern that worked out perfectly, hitting TP1 (+34pips) and TP2 (+59pips) almost instantly after trigger.
Market Analysis: EURGBP closed with +169pips
The EURGBP hits a 3-year resistance with a rising wedge formation, coupled by the multiple bearish divergence on the indicator. Shorted as the price made a lower high al the way down to the first support level. Closed with a +169pip profits.
Market Analysis: GBPJPY – Bearish Butterfly Pattern
GBP has been on the downtrend for the past 5-6months. However, the latest economic numbers (Average Earning Index, CPI and Retail Sales) came in better than expected to arrest this weakness in the GBP. GBPJPY managed to bounced off the 127.00 lows to close the week at 129.18.