Elliott waves analysis – As long as the price is below 110.81, look for short position.

USDJPY – Down Wave Analysis After an attempt break above 110.81, the Us Dollar pulled back and is now below the same level. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c)

Continue reading Elliott waves analysis – As long as the price is below 110.81, look for short position.

Forex Technical Analysis: Trend potential – Still sellers dominating

GBPUSD – Flat Technical Observation GBP is currently rallying around 1.2715. Yesterday, GBP declined steadily and is still showing signs of continuing even lower. While the price is below the line 1.2738, I expect a spike to the lowerside with my ideal take profit at 1.2117. On its way to the lowerside the key lines

Continue reading Forex Technical Analysis: Trend potential – Still sellers dominating

Forex Technical Analysis: Trend potential – Place a pending sell limit order at 1.1425

EURUSD – Up ; Technical Observation After breaking below the supportive trendline, Eur pulled back to the same line twice but could not break any higher. While the price is below this trend line, I expect a possible bounce from it to pick another short position. ideal here is not to go short now, but

Continue reading Forex Technical Analysis: Trend potential – Place a pending sell limit order at 1.1425

Forex Technical Analysis: Trend potential – Place a pendiong sell limit order at 1.1425

EURUSD – Up ; Technical Observation After breaking below the supportive trendline, Eur pulled back to the same line twice but could not break any higher. While the price is below this trend line, I expect a possible bounce from it to pick another short position. ideal here is not to go short now, but

Continue reading Forex Technical Analysis: Trend potential – Place a pendiong sell limit order at 1.1425