As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=137.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=138.55. TP4: R2=139.15. Set the stoploss of these orders at breakout of S2=137.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hey trades, hope you all are having a great week. So here is the analysis of GBPJPY. As always our blue line indicates support and resistence and the black line indicates the possible trend. As we can see that the trend is in middle so we advice you to not take any trade. However we can see that it broke the trendline support and has gone down, also we can see...
The daily is turning up against the 126.54 lows from 8/11/2019. The 4 hour right side is up from there. The hourly right side is down against the 144.97 highs. While above 8/11/2019 during the current pullback expect the pair continues higher again.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.7. TP4: S2=142.3. Set the stoploss of these orders at breakout of R2=144.05. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.2. TP4: R2=143.45. Set the stoploss of these orders at breakout of S2=142.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144. Set the stoploss of these orders at breakout of S2=142.6. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . The correction of the cycle lower from there ended at 144.61. While below 143.28 where the hourly right side is down another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there...
The 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . The correction of the cycle lower from there ended at 144.60 & while below there another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
The 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144.35. Set the stoploss of these orders at breakout of S2=142.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.05. TP4: S2=141.25. Set the stoploss of these orders at breakout of R2=143.6. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.1. On the other hand, short term forecast is uptrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target: TP4: S1=142.35. Set the stoploss of these orders at breakout of R2=143.25. Stop and reverse:...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=142.8. TP4: R2=143.4. Set the stoploss of these orders at breakout of S2=141.8. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=141.55. TP4: R2=142. Set the stoploss of these orders at breakout of S2=140.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
SELL GBP JPY BELOW 140.470 TGT 140 SL 140.90, TESTING RESISTANCE LEVEL 140.800 RESISTANCE AREA AND (evening star candlestick formation )
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.5. TP4: R2=140.9. Set the stoploss of these orders at breakout of S2=139.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.7. TP4: R2=141.1. Set the stoploss of these orders at breakout of S2=139.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...