Adwa Daily GBP/JPY analysis

Hello to all, I've always wanted to open a thread to share my daily analysis, so I gained a lot of experience these past couple of months and I have improved a lot, so I wanted to share my theories and insights with all of you.

Warning: All of the analysis I post are not recommendations; they are merely my opinions.

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

I hope you enjoy and benefit with me .

Hi Adwa, good luck! I hope everything turns out well for you.

I am aware the market's about to close, but I couldn't resist.

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

Anyway, as I previously said, the market's about to close, but the charts were too damn perfect, so I had to share the perfection .

Lol, mike, i was one of the first posts on ur thread, and ure the first post on mine .. thanks mike

Formed a possible double top, but no confirmation yet coz:
- it's immediate support is 223.37,
- didn't close under 50 ema or 50 sma,
- Parabolic SAR is above the current candle,

A possible decline coz:
- it couldn't break the 224.45 barrier,
- Stochastic's in overbought area,

I see another possible decline to atleast 223.23, if it broke it then 222.85, the fact that it couldn't break the 224.45 barrier is enough for me to know that it'll take atleast a while to surge to 225-226.

So as I said, no confirmation, so tighten your stop losses, it could reverse any moment.

Couldn't break 50 ema in 15 m and 30 m

Bullishhhhh, but wait for it to break 224.45

Might reach 224.30-224.14 before 225.

Couldn't break 50 sma on 4 h periodicity, once again, tighten ur stop losses

Tried to break 224.30 twice but failed.. But still the upward movement is moving slowly but faster that the downward movements (bullish signal), it will difinitely reach 225 atleast today.

I exited my longs at 224.82 just incase coz that's its previous high.. i might reenter later on though

Excellent, hit 38.2% on fibs (223.93) nows the time for 225

Confirmation, however is for the 15 m candle to close above 50 ema.. hopefully it will..

Target: 222.66

hit 222.66 and below, hit 225 and above like i said

Going down to 50.0% (223.80)

hit 61.8% (224.22) , still got more space to go down.. but it'll take a while

Tried to hit 38.2% but couldn't.
Tried to break 50 ema but couldn't
It will break both soon though.

Wow, hit 38.2% (223.38) but couldn't break it.. tried 4 times but failed, if it broke 223.38 then you sell - 1st t/p 222.85 -2nd t/p 222.02

A confirmation for a short would be the close of a candle below 50 sma in the 15 min chart or the close of 3 candles below 223.38 on the 5 m chart.

waiting for a break out any minute

broke out! i am short at 223.44