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TeddytheBear has taken 4th place in Technical Analysis Contest May 2018

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EUR/JPY astronomical cycles pointing up till 08/30

Hello everyone from the Dukascopy Community,
Here is analysis of EUR/JPY, looking at it 's astronomical cycles I see we are going up till around 08/30. We also broke above a Quarter Point and the Center of Gravity calculations turned our tunnel green on the daily. This is looking good to me.
EUR/JPY - LONG till 08/30
TP1: 130.76
TP2: 132.83
TP3: 134.98

Entry: Wait for a retracement or let it go. But it's not really a nice entry, you should catch it on the flip side.
4H chart also looks very …
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Already counting 25 pips almost hitting TP1.

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USD/JPY oversold on the daily

As we can see with the COG on the daily we are oversold and are still in an uptrend. I expect another rally the coming months.
Entry: 110.358
SL: 110
TP1: 112.5
TP2: 114.7

This method is used by implementing planetary lines and Fibonacci.
We also have a strong Quarter point as support on 110.
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GBP/USD oversold on the weekly

Using the center of gravity we see that GBP/USD is oversold on the weekly and that we have a signal for going long because of the fact that we are oversold and are still in an uptrend. Besides that we bounced off the trend line formed in Q1 of 2017.
This is my trade setup:
Entry, daily closing above: 1.333
SL: 1.332
TP1: 1.35709
TP2: 1.39326
TP3: 1.42533

Looking at the daily we see we are overbought and that we actually have a signal to sell but the weekly is more important so keep going …
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EUR/USD Oversold on the weekly

As we can see its oversold on the weekly using the regression channel indicator available in the jStore.
SL: 1.15865
Entry: Today
TP1 1.20815
TP2: 1.24817
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BRENT/USD back to 0 or 100? Probably 100.920

If we hold 75,720 there is a big chance we're going to see 100.920
As we can see on the daily we have a green uptrend channel and a chance to reload and go long for the coming days. We see 75,20 as our critical support we probably wont break and a point to rebuy after confirmation.
Weekly chart has nice green uptrend channel and closed above the critical 75,720 PL line.
Monthly chart with PL lines
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USD/SGD very bullish this month where will it end?

This is my own developed trading method I advise you not to follow my advice. Fibonacci levels are based on astronomical price levels of USD/SGD on 01-01-1960.
As we can see we we're very bullish from end April till now.
Right now the first reload moment represents itself as we can see we are oversold on the daily.
Entry: right now
SL: 1.33230
TP1: 1.35855
TP2: 1.37430
TP3: 1.38480
On the hourly chart we also see a green uptrend tunnel coming up.
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EUR/SGD Massively oversold on the weekly

As we can see on the weekly chart EUR/SGD is massively oversold and is currently trading in support ranges. If we see a reversal candle on the daily in this entry range we can start to buy in.
Entry: 1.56400 - 1.55891
SL: 1.5555
TP1 1.57679
TP2 1.59125
TP3 1.60558
I expect we're going to be trading around TP2 1.59125 levels end of July.
Also oversold on the 4H chart perfect entry for a long position.
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Almost there: TP1 1.57679

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As we can see we hit our monthly target TP2 1.59125 spot on. Hope you enjoyed this idea Iet's hope this analyses will win the June contest!

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July*

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EUR/USD oversold on the weekly

As we can see here the EURO is massively oversold on the weekly chart. Fibonacci levels are based on astronomical price levels of 1 January 1999
I expect were going test 38,2% at 1,5441 the coming week and afterward will start a reversal.
  • Entry: 1,5441
  • SL: 1,5200 or 1,5000

  • TP1 - 50% 1,17820
  • TP2 - 61,80% 1.20179
  • TP3 - 75% 1.22860

Daily chart also indicates we are oversold and we can see we have our entry zone just beneath the tunnel. Keep your eyes on this idea and feel free to contact me!

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First target reached hope you made some profits!

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