Major_PipsFx

Major_PipsFx

Ive been bullish on GBPJPY for a couple weeks now and I still believe that it has more upside potential. Here we have a Falling Wedge Formation. we have 4 touches on our pattern already and just waiting for a break and retest to enter again. I am currently in a position based of the retest price gave of the previous resistance (circled on chart). Lets see how it goes.

Major_PipsFx Updated 

I believe we can see some downside here. Price has bounced of the 61.8 fib level and looks to have created a triangle pattern. I’m not currently in any positions, I will wait for a breakout of the rising wedge for a short position.

Major_PipsFx

So as you can see previously I stated that I was waiting for a breakout of the rising wedge before I entered this trade. Now it didn't go quite as planned as price made a bigger rising wedge from what I originally mapped out but nonetheless I was able to recognise, it re-adjust and enter the trade. Price hit both targets.

Major_PipsFx

Here I can see a Descending Triangle Formation. I can see all the relevant characteristics such as the 4 touches, breakout and retest. Now it’s just a waiting game to see if it plays out.

Major_PipsFx

I think USD/CAD is playing out a triangle formation. We saw 4 touches a breakout & what seems to be a retest. Just waiting to see what happens now.

Major_PipsFx Updated 

Here we have a Running Flat Formation. At point C it looks to me that price has broken the small upward trend it was in and has imprinted a H&S formation and broken to the downside. I'm waiting for a retest on the previous new structure low (NSL) before taking an entry.

Major_PipsFx Updated 

Since my ascending triangle formation has violated its characteristics it is no longer valid. I took this opportunity to revisit this pair and start again. I still believe price is operating from the Double Bottom Formation so I'm still looking for price to go up. Here we have 4 touches on our Trendline & A Expanding Flat Formation (highlighted in blue letters). I...

Major_PipsFx

Here we have usdcad in a uptrend channel where it has only made 3 touches so far. we did get a breakout of this channel but price was able to give us solid bullish candles to get back in and close within the channel giving us a fake out (Highlighted in graph). This fake out also gave us the 4 touch of an inner channel which has also given us a flag pole formation....

Major_PipsFx

I believe dollar index has the potential to reach to $111. At that point I will be looking for sale positions because I believe that the dollar will then crash and hit $63.

Major_PipsFx Updated 

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Major_PipsFx

Looking for a long opportunity on dxy. Waiting for a pull back to around 93.18 area, then i will be looking for long execution points.

Major_PipsFx

SHORT

Major_PipsFx

long possiblity

Major_PipsFx

Head & Shoulders Pattern & ABCD Pattern

Major_PipsFx

waiting for pull back

Major_PipsFx

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Major_PipsFx

Im Short Uk100

Major_PipsFx

think eurjpy is on its way back up