Adwa Daily GBP/JPY analysis
1 2 3

thread: Adwa Daily GBP/JPY analysis

  1. #1
    Junior Member RAULBLAIR's Avatar
    23

    Adwa Daily GBP/JPY analysis

    Hello to all, I have always wanted to start a thread to talk about my daily analysis, so I gained a lot of experience these last couple of months and I've improved a lot, and so I wanted to share my concepts and insights with all of you.

    Caution: All of this analysis I post aren't recommendations; they're merely my opinions.

    My analysis includes:
    -Channels.
    -Fibonacci.
    -Indiors: Moving Averages, Parabolic SAR, Bollinger Bands, Momentums, Stochastic Oscillator, ADX.
    -Economic Indiors.

    I hope you enjoy and benefit with me .

  2. #2
    Junior Member RAULBLAIR's Avatar
    23
    I am aware the market's about to shut, but I couldn't resist.

    As u can see, the candle hit 38.2percent on fibonacci where it could be it's support, if another candle closed under 223.01 (50.0%) then get ready for a drop to 219.04 (161.8%). If the 15 minute candle, nevertheless, closed above 223.42, then forget everything I've said and look out to get a spike above 224.76 area .
    All momentums are pointing down.
    Stochastic Oscillator is in the overbought area.

    Anyhow, as I previously said, the market's about to shut, but the charts have been too damn perfect, so that I had to share with the perfection .


  3. #3
    Junior Member RAULBLAIR's Avatar
    23
    Hi, good luck! I hope everything turns out well for you.
    Lol, mike, I had been among the initial articles on ur thread, and ure the very first post on mine . . thanks mike

  4. #4
    Junior Member RAULBLAIR's Avatar
    23
    Formed a potential double top, but no confirmation yet coz:
    - it's immediate support is 223.37,
    - did not close under 50 ema or 50 sma,
    - Parabolic SAR is over the current candle,

    A possible decline coz:
    - it could not violate the 224.45 barrier,
    - Stochastic's in overbought region,

    I see another potential decline to atleast 223.23, if it shattered then 222.85, the simple fact that it could not violate the 224.45 barrier is enough for me to understand that it'll take atleast some time to spike to 225-226.

    So like I said, no verifiion, so tighten your stop losses, it could undo any instant.

  5. #5
    Junior Member RAULBLAIR's Avatar
    23
    Couldn't Violate 50 ema in 15 m and 30 m

  6. #6
    Junior Member RAULBLAIR's Avatar
    23
    Bullishhhhh, but wait for it to break 224.45

  7. #7
    Junior Member RAULBLAIR's Avatar
    23
    Might reach 224.30-224.14 before 225.

  8. #8
    Junior Member RAULBLAIR's Avatar
    23
    Could Not break 50 sma on 4 h periodicity, Once More, tighten ur stop losses

  9. #9
    Junior Member RAULBLAIR's Avatar
    23
    Tried to split 224.30 twice but failed. . But the upward motion is shing slowly but quicker that the downward movements (bullish signal), it will difinitely reach 225 atleast today.

    I exited my longs at 224.82 just incase coz that is its previous high. . I could reenter

  10. #10
    Junior Member RAULBLAIR's Avatar
    23
    Excellent, hit 38.2% on fibs (223.93) nows the time for 225

  •