Today's rally on FX:GBPJPY was expected due to a sub-micro wave 2 (circled orange) that was holding above key support level at 137.00. There are high odds that this pair has completed a double corrective pattern on a higher degree wave 4 and is starting the 5th with target towards new highs. GBPJPY is currently trading in a possible micro 3 that may target...
HERE IS A HEAD AND SHOULDER FORMATION AND THE NECK LINE WHERE THE PRICE WAS REJECTED AT 141.549 NOW ON THE DOWNSIDE MOVEMENT
Hey Traders, Good morning and good year ! I hope you had an awesome vacation and time with those loved ones. I had a phenomenal time away from the trading desk, Traveled for a bit, had a great time with my fiance, and we got back yesterday to start settling in. It feels really good to have taken a break from the charts, and now coming back with a fresh look is...
The 60 min chart revealed an Engulfing pattern, that is a strong reversal pattern. This pattern followed by a black candlestick not yet finished. Furthermore, the engulfing pattern is at 61,8% retracement Fibonacci level. I think this will be a good short trade because I forecast that price will go down. First take profit should be at 123,6% Fibo, next at...
The broader trend is down with support below. Watch for a reversal pattern.
Double Top After Bullish Trend with Divergence On RSI Looking to Retracment At 0.618 Fib Level To Sell Shooting Target to : 1.27 Fib Extension 1.618 Fib Extesion
We're going to have a diagonal triangle in wave 5, so wave {iii} is likely going to be continued
GBPJPY - W Triple bottom at supp. at 130, daily double bottom at 130 and TL Break, poss. retracement to EMA36 and TL resistance later, 4h crossover HH HL , bounced of EMA12 and pr. highs resistance (turned into supp.), 4h 23 line break... Possible continuation?
There's a triangle in wave iv, so wave v of (c) is likely going to be continued
Wave v of (c) of is likely going to be continued
Wave v of (c) of is likely going to be continued
currently this pair is at a strong support zone and is moving sideways.. we are looking for this pair to make a bullish move this week and look to go long
Wave (c) of is likely going to be continued
Wave (c) of is likely going to be continued
There's another wave count, which means we're going to have a diagonal triangle in wave 5