Price currently facing resistance at 162.305 & support at 161.251 while ranging in between a structure. now if price closes above the resistance of the structure then price might continue to push up to the next zone at 163.325 or all the way to 164.344. Similarly if price closes below the structure then it might continue to push down to the next support zone at 159.493.
Price formed a recent support at 163.396 & resistance at 164.380. now if price closes below the support then we can expect price continue pushing down to the next support zone at 161.935 as a retracement move to a newly forming uptrendline. However if price closes above the resistance, then we can expect price to continue pushing to the previous high at 165.532.
Price just made a breakout of the previous low at 164.271 by forming double tops at 165.543 facing resistance. now price is heading to the next support zone at 163.410. We'll look for further trades to the short side if price even closes below the next support zone to continue moving to the next zone at 161.962.
Price retesting a major key zone on HTF at 165.072 & also created a higher low & recent support at 164.297 while moving in a strong uptrendline. now if price respects the new higher low & closes above the high at 165.722, then price might continue its bullish run to the next HTF key level at 167.803. ** A breakout of the recent support at 164.297 however would...
Price currently facing rejection after retesting a major key zone on HTF at 165.072 & also facing very recent support at 163.414 while moving in a short tf uptrendline. now if price closes below the recent support then it would be breaking out of the recent uptrendline & price might continue to push down to the next support zone at 161.951 or al the way down to...
monthly/weekly and daily are bullish GJ has done retracing and now it's continuing with its bullish trend on the 4h price is making new bullish swings so far it broke two strong s/r zones with high momentum candles broke above the ema's so right now I am only waiting for my entry on the 1h
GBPJPY is testing a resistance zone. Price is pulling back to resistance and we can see deceleration. Candles are getting smaller. We expect a pullback from the level; an alternative scenario is a consolidation at the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Monthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing. On the 4h; there is...
Price formed a demand zone in between 154.783 to 153.946 & have a HTF resistance key level at 157.972. so price might come down for some pullback to the demand zone or find support at recent low at 155.256 & then continue to push upto the next HTF key level at 157.972. However a breakout of the demand zone with bearish move would invalidate the possible long opportunity.
Price currently facing resistance at 163.461 & support at 163.114. Now if price closes below the support, then price could continue pushing down to the previous HTF support at 162.705 to make some correction. However if price respects the support & closes above the resistance, then price might continue pushing up to the next resistance at 163.880 retesting the...
GBP-JPY is trading in a falling channel And as the pair is in the downtrend I think that after the pair retests The falling resistance and horizontal resistance at 163.656 The move down will continue
GBPJPY is trading in an ascending channel following a bearish move. The market broke and closed below the support, which became resistance. Look left structure leaves clues. Price action is likely to reject the resistance. We expect to test support levels within a bearish trend. ------------------- Share your opinion in the comments and support the idea...
Hello traders, this is complete multiple timeframe analysis of this pair. We see could find significant trading opportunity as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at...
Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at...
GBP-JPY is going up now But the pair has hit a horizontal resistance Level at 165.837 and despite the fact that I am bullish biased We all see that the pair is overbought locally Thus a correction from the level is a likely scenario
As we can see the price just made a breakout of a head & shoulder pattern's neckline & came all the way down to retest the next support zone. now if continues to respect the neckline at 164.707 as its resistance & break & closes below the recent low at 163.922 on 30 mn tf then price might continue to push down to the next support at 163.417. And if price respects...
Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement. However if price respects the recent support & breaks & closes above the resistance then it could...