vaishakbhandary333

vaishakbhandary333

After closing the month an the quarter with a solid bear candle , GJ now looks to break the daily support zone and then continue down. Since this is a Friday and a Month start I am skeptical about the push down. But then if we were to break the daily support today we can then set the trend for the week to come. I would be cautious trading on the support one as we...

vaishakbhandary333

With the Pound almost continuing its downtrend on the ending day of the third quarter, today is going to decide the trend for the next quarter from where is price going to stop at the EOD. If the current monthly resistance zone holds strong we are looking at excellent sell opportunity as long as we break the daily support zone. As we have clean candles to the left...

vaishakbhandary333

Since we have broken structure and created a lower low, I would expect us to continue the bearish trend. Also the overall Macro Economics of the the United Kingdowm being in turmoil with the Fuel Crisis, we may continue going down to the daily support if we manage to break yesterdays low.

vaishakbhandary333

Risky Outlook. Since we are in a pretty strong area of resistance. If and only if we can break the entire top zone can we then looks for buys. If not, it is my opinion that maybe we would do a fake out on the upside and then continue down.

vaishakbhandary333

First Day of Analyzing USD. FOMC has pushed USD to the upside and and has now broken a daily resistance moving to the next daily resistance. This is my analysis where I will wait for break and retest to enter. Also sells should be more valid as we did move a lot to the upside and we should now correct the move a bit before continuing up.

vaishakbhandary333

GJ tried and failed at breaking a key weekly support area and has now rejected heavily off of the Weekly Support Zone and has gone bullish with a strong momentum moving almost approx. 200 pips in a day on Thursday. Today is a weekend and I would be cautious trading the pair. Though past data shows that momentum did continue the next day with reference to the July...

vaishakbhandary333

After a 175 Pip move yesterday into the daily resistance, we seem to have rejected right off of it and moving bullish. Though the overall trend still seems as bearish I would expect sells to be much faster than buys due to the overall trend on the higher timeframes. If trend is your friend and the way Bullish Momentum is being pretty slow, I would think that...

vaishakbhandary333

Based on Fridays Analysis, We conferred that the overall outlook of GJ had turned Bearish. It looks like the the first 2 Weeks of the Monthly Candle tried and created a top wick and we did come down pretty hard on Friday moving around 75 Pips to the bearish side. As we now enter the third week, we will come back up to create a top wick on the weekly and should...

vaishakbhandary333 Updated 

GBP/JPY Ranged today the entire day moving up and down the ranges giving a choppy price action. Analyzing from the monthly time frame we seem to have created a top wick and seem to be favoring the downside. Weekly has created resistance and now seem to be going to the downside. Since Wednesdays move coming down we seem to looking forward to do a correction to at...