GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

Weekly Chart

• Weekly performed a doji candle - a sign of uncertainty

Daily Chart

• Reached 2 trendlines / potential resistance and rejected from there giving us a pin bar candlestick pattern.

Hourly Chart

While writing this blog, i could see that there WAS a Bearish Cypher on the h4 chart which worked well with hitting minimum targets of this pattern. Anyway, it is too late to play this pattern.

With the Doji from Last week's candle - there could be good opportunity for scalps or range play while the market work itself out for the next move.

Outlook Trade opportunity

Please see hourly Chart, - I have a buy and a sell trade setup

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD Forecast and Trade Setup for the week 24th Feb, 2014 - (Bullish Gartley is in play)

AUDUSD Forecast and Trade Setup for the week 24th Feb, 2014 - (Bullish Gartley is in play)

Weekly Chart

Daily Chart

Hourly Chart

My View from last Monday's analysis for the Aussie has changed from bearish to bullish. After holding price above the 90 level for majority of last week and price action of Daily Candle, Ichikumo also suggesting we should trade a higher. Also a correlated pair of EURUSD my view is that we will also trade higher, and if so, my view on the aussie matches up .
On Friday I have spotted a bullish gartley and bought it at the 78.6 , we have hit our first target, and still in and looking for above .90's target.

Outlook Trade opportunity

We are still in the bullish gartley trade from Friday

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

EURUSD (Awaiting Cypher Harmonic Pattern) Trade Setup & Forecast for the week 24th Feb, 2014

EURUSD (Cypher Harmonic Pattern coming?) Trade Setup & Forecast for the week 24th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

I am still awaiting for this pattern to setup since last week analysis  .  Nothing much has changed, and potential reversal zone / entry zone is still looking likely.  

Outlook Trade opportunity

As per hourly Chart

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below