A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion . (I.e. It will have to break down, first!) There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words: - Cheap continental (EU)...
The price currently retesting a major high at 172.071 from 2022 & showing signs of price rejection finding resistance at that high while the price also formed a support at 171.051 on shorter TF. So if price closes below the support on shorter tf then it might continue pushing down as a pullback to retest the next support or uptrendline at 169.229. But if price...
GJ moving in respect to 2 trendlines while getting shrink in between creating a symmetrical pattern. And also price facing major support at 160.858 & resistance at 162.672. if the support is broken which seems very likely now, then price might continue to push down to the next major support at 159.998 or go even further down. And if price respects the support &...
GBPJPY if is to continue to push up to 164.758, then it needs to respect the uptrendline & the key zone at 159.962 as its support. A breakout of that key zone would be a breakout of the uptrendline leading gj to push down all the way to 157.869.
1. Price might make a retest on the downtrendline & continue pushing down if respects 160.171 zone as resistance. 2. Or price might break & close above 160.171 & make small pullbacks to continue pushing to 162.185.
Hellooo...My Dragon Friends I see GBPJPY movement follow the trendline, downtrendline. u can sell it with SL at 158.25. with TP (just follow my red arrow line). Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
GBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally...
Hellooo...My Dragon Friends My View for GBPJPY, i think still going down Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends i see GBPJPY have inverse Shoulder Head Shoulder. wait retest at 151.60, after touch that and go back up, will go to 154.20. but break down 151.60 will go to 150 again. so watchlist 151.60 area is important. Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends Last week my trade touch our TP buy. i see this week have triangle, need break the resistance, will going up and break the support will going down. and i already draw where can go if break up level and down level. Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Hellooo...My Dragon Friends I see GBPJPY at TF Weekly potential make SHS pattern. but for short term, RSI and Stocastic, have Bullish Divergence Sign. SO for Short Term, I see will going up before going down again. Please see the watchlist at Resistance and support line. Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
Dates in the future with the greatest probability for a price high or price low
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We've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade...