Community
Blog
Jignesh's Blog

Jignesh's Blog

Avatar

EURGBP Retesting Weekly lows

Jignesh Publicado 6 Feb  en #Trader's blog #Eurgbp
EURGBP is back at lows again towards the end of the week.
The internal wave structure shows a possible completion of an ABC structure, which still means the pair can do a flat from here. The momentum is quite strong to the downside however, and at this point, a minor pull back is favored before resuming the trend.
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

Deja un comentario
oDejar comentarios
Avatar

EURGBP Completes 3 wave Correction

Jignesh Publicado 31 Ene  en #Trader's blog #Eurgbp
EURGBP has been on a strong downtrend after breaking long term support on the Daily Charts.
The 1 hour chart has already completed a 3 wave structure to the upside which was confirmed once we broke through 7510.
However the wave of a larger degree may have completed, which may cause this correction to turn into a double correction.
A break of the channel will most likely confirm the downtrend has presumed. A push higher from current levels, or while within the channel can see another 3 waves hig…
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

Deja un comentario
oDejar comentarios
Avatar

Markets Remain Volatile

Jignesh Publicado 2 Ene  en #Trader's blog #Eurgbp
The markets start the year with high volatility, similar to how last year ended.
The GBP was the big mover. The pair finally broke to new lows and looks like it triggered stop orders driving the pair down rapidly. The only news on the docket was a weak PMI that would hardly be the catalyst for such a move.
This is one scenario where I won't be looking to sell GBPUSD on the bounce. The low liquidity indicates to me that there may not have been substance behind the move, offering value buying oppo…
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

2 Comentarios
Daytrader21 avatar
Daytrader21 2 Ene

Hi buddy. Happy New Year!!!!!

PPandM avatar
PPandM 2 Ene

Yeah ... Markets ALWAYS Remain Volatile

oDejar comentarios
Avatar

Happy New Years!!!

Jignesh Publicado 1 Ene  en #Trader's blog #Eurgbp
Happy New Years to all the Dukascopy Community Members!!
I hope everyone enjoyed the holidays, and wish everyone the best for 2015.
The markets closed off in a very volatile matter with the USD surging in the last hours of the trading year! As well, EURGBP had a aggressive downside break, however did not make a clear break to yearly lows. There are definitely some good setups in the markets, and I wish everyone the best in all the contests!
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

Deja un comentario
oDejar comentarios
Avatar

EURGBP Continues down after 3 wave ABC Correction

Jignesh Publicado 30 Sep como análisis en EUR/GBP, Objetivo: 0.7757, Fecha: 3 de Noviembre, 12:00 GMT  en #Technical analysis #Trend #Support #Monetary Policy #EUR/GBP #Eurgbp #Correction #3 Wave
Overview
As the monetary policies of the ECB and BOE continue to diverge with GBP facing an imminent rate hike, and the EUR having just experience a rate cut, the outlook on this pair is bearish.
In the past month, we have seen a 3 wave correction occur, after a big move to the downside. The pair has broken to new lows and it can be assumed a new leg in the downtrend is in progress
Levels
0.7874 - Daily breakout point (low of last major leg down)
0.7757 - Weekly Support level
0.7480/0.7500 …
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

6 Comentarios
Ver 1 más comentarios
Jignesh avatar
Jignesh 9 Oct

EURGBP is bullish for the week after bouncing off the weekly support level.  The 50% retracement of the last leg down comes at .7916.  Will be watching that level for bears to continue the downward momentum.

Jignesh avatar
Jignesh 13 Oct

The focus for this upcoming week is the price to be contained by the 50% at .7916 and a close below support/resistance level of .7875

Jignesh avatar
Jignesh 24 Oct

The pair got declined from the .8040 level and looking like it is resuming it's down trend.  Currently .7875 is offering some support showing a tweezer bottom on the daily chart.

Jignesh avatar
Jignesh 31 Oct

After consolidating in the 7875 for almost a week, the pair has finally made a concise break.  With EUR CPI data later in the session, the pair still stand a good possibility of reaching targets.

Jignesh avatar
Jignesh 3 Nov

The pair is moving rapidly to the downside after breaking 7875.  The momentum is good, indicating a good possibility of hitting targets by specified time.  The current price is 0.7814 and is about 57 pips away with 10 hours to go.  There is both EUR & GBP data later today..  GBP Manufacturing PMI should move this pair towards the targets if the data supports a bullish GBP

oDejar comentarios
Avatar

Possible Triangle Formation in EURGBP

Jignesh Publicado 24 Ago  en #Trader's blog #Eurgbp
I've been following the EURGBP closely since last week, and have had a few short positions. On Friday we saw buyer's stepping in at the .7978 level which I found to be unusual. This price action leads to me to believe we may be in a potential triangle in the pair.
Take a look at the chart below.
If price remains above the .7978 level (marked d on the chart) and makes a move upwards towards the upper trendline of the triangle, this pattern would be in play. Keep in mind the e wave can slightly ex…
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

Deja un comentario
oDejar comentarios
Avatar

So many setups

Jignesh Publicado 17 Jul  en #Trader's blog #Eurusd #Eurgbp #Gbpjpy #Usdcad #Usdchf #Gbpcad #Cadjpy
I've spent the last few weeks very inactive. I've taken maybe 2-3 trades, and that in the EURUSD only.
Over the last 24 hours, I've been seeing many of the pairs at inflection points, and have taken several trades. Here is a brief summary
GBPCAD - short
USDCAD - short
CADJPY - long
EURUSD - long
USDCHF - short
EURGBP - long
USDNOK - short
USDSEK - short
GBPJPY - short
Needles to say, I'm a bit overexposed. I'm still seeing even more setups in EURNZD, NZDUSD , Gold, at this point I'm going to hav…
Lee el artículo completo
Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –

Deja un comentario
oDejar comentarios