Technical Analysis

EUR/JPY 4h Trend Line Broken for Further Drop


The EUR/JPY has broken a 4h trend line and currently it is supported by W L3 pivot. If the prices retraces to POC zone (EMA 89, W H3, 50.0, inner trend line, ATR high) 120.60-85 we might see a rejection towards 119.90 and 119.25. If there is no retracement to...


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EUR/USD Rising Wedge, GBP/USD in ABCDE Triangle


The EUR/USD has reached a key critical resistance level. The daily candle will be a key factor whether price will turn or breakout. The GBP/USD is building a 3 wave correction as part of wave E and the USD/JPY is in a bearish breakout that could take price down to...


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NZD/USD Bullish ABCD Supports Possible Bounce


The NZD/USD currency, popular "Kiwi" is currently very close to POC zone where it might reject from. The POC (D L5, ABCD bottom, ATR pivot) is supporting longs and the price might spike up to 0.7030 where we see the confluence of EMA89 and ATR pivot. If 0.7030 breaks to...


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GBP/USD Might be Targeting 1.2550 Short Term


As we could see on previous Session Recap webinar, the GBP/USD perfectly rejected from POC and provided more than 120 possible pips. Another bullish sign that wee see today is Bullish SHS pattern ( Inverted Head and Shoulders) that might provide a continuation to the upside targeting 1.2550. However...


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GBP/JPY Two POC zones for Now Moment Buyers


The GBP/JPY got a backwind by renewed GBP strength and currently we can see nice intraday rejections off the supporting trend line. Two POC zones that might spur additional buying interest are 139.50-65 (EMA89, H4, 50.0). H4 camarilla is breakout point which we already covered in Price Action Trading School...


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