Technical Analysis

Forex Market Analysis – Upcoming correction ahead

Forex Market Analysis – Upcoming correction ahead

We have a very beautifully market constellation. The price reached the 1,618 extension of the privious bearish leg. The 0,382 retracement of the current bullish leg is exactly the previous leg. Thus, I look for a confirmation of a upcoming correction to go short. Taking RSI into consideration, it shows divergence already. What do you think? Your Likes much appreciated.

Forex Market Analysis

In Other View Point – Focus on GBPJPY short opportunities

GBPJPY has arrived at the position of 1.618 Fibonacci reverse, We can see that this region is also a pre GBPJPY support area, RSI appeared a certain degree of departure We need to pay attention to the K reaction in this region, consider this area short.

Forex Market Analysis

In Another View Point – THE POWER OF PRICE ACTION

I just wanted to show you the power of the price action on an important support and resistance levels ,always connect your analysis with the price action , you will be right about your trades more than 70% of the time .. keep learning ,set targets ,work on them ,be discipline,stick to your plan,make money,repeat

Forex Market Analysis

In Another View Point – GBPJPY potential short entry

Might take a short on here. nice rrr. price action says its time for a little retrace. (just my oppinion) Make sure to watch out cause of TP1 and TP2. After TP1 reached move SL for TP2 and TP3 to 145.1, after TP2 hit move SL TP3 to 143.1 TP3 could be set at 138.5 Trade on your own risk and research.

Forex Market Analysis

About the author

Mohammmad Riad

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