GBPJPY revision after the fantom news Could trade it within the range of consolidation but I'm looking for the breakout and retest on either side of the consolidation. At the moment, price action implies this will move to the downside but, we all know anything could happen. No TPs and entries at the moment but I'll likely revamp this later with an updated version.
Dash broke above the 4-month trend line resistance last week. After the breakout occurred, price action comfortably closed above the trend line resistance. In such occasions, the price either moves upside in almost a vertical manner (this happens in strong uptrends) or the price comes back to the crime scene and re-tests the broken resistance, now in the form of a...
Several factors pointing to potential long setup: - near 61.8 retracement - demand/support level retest - end of elliott wave 5 wave structure - Volume profile high volume node retest - 4 hr reversal candlesticks in current zone Looking for longs with risk set at 1.7327 and a 3.84R target.