AUDUSD Daily Forecast and Trade Setup for 25th Feb, 2014
Hourly Chart
Outlook Trade opportunity
Level to watch is the 38% fib retrace level from yesterdays big run.
It is overlapping the 50% retrace from this months low to high level, as well as Monthly Pivot and Daily Pivot
Risk Level - Low
Tips -
Always take note of any economical news event on our provided calender below
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
