Forex Weekly Analysis (2/16-2/20)

Hey there beautiful people,

**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **

Here is my analysis on several currency pairs for this week. This week I will be concentrating on pairs with bullish trend trading opportunities.

1) #EUR/JPY (Daily) - I believe is still very bullish, but will expect some re-tracement from it's current position to the 134.0-134.90 range. I would definitely plan to hold this trade for the long haul & cancel/replace stop & limit position once new highs have been met (149+ range) if conditions are favorable since the overall trend on a monthly time frame is still intact. If & when an opportunity is found on this pair, I will definitely surf this bullish trend for a possible 1000+ pips ;-)
<------- Also note the ascending pennant formation of this pair as a good buy signal

2) #GBP/JPY (Daily) - Expect further re-tracement to pass support levels this week, possibly another 100-200 pips 182.5-181.30 before continuing on with the bullish trend. Depending on your entry expect 900+ pips out of this cowboy!

3) #NZD/JPY (Daily) - Again, upon opening this week expect re-tracement out this shy girl of at least 100+ pips (possibly a little lower than 87.30). Hopefully we will see her bust a move to a predicted D extension or future resistance level (somewhere around 89.98-91.80 range). She's also expected to be keeper for at least 600+ pips so trade her wisely.

Thanks for reading and please be sure to follow me and/or subscribe to my YouTube, Twitter, Instagram and Facebook at caramelnatural82. Happy Trading and Good Luck! 

Xoxo, Deuces ;-)

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