Price has broken a ranging zone after 10months.
Currently forming a H&S at 4H view. wait for a bounce from it or bounce from trendline.
Very Long term - bullish
Pips expected: over 1500
Look at chart for graphical instructions
This pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.
GBPJPY broke out of the channel due to brexit news, as the previous lower channel break shows, most channel breaks get retested and a lot of times, re enter the channel. Along with bearish SMAs
Use Proper MM
+++ Don't forget to LIKE & Follow+++I got filled in a Bearish Gartley Formation on 15M, GBPJPY.
This particular Gartley is in the underlying direction of the bearish trend - so this is a nice way fro hopping on this downtrend.
Stops will be above X and above Previous Pullback too.
For targets I'm looking for conventional 0.382 for 1st target and for my 2nd I'll be...
I already have shorts at 140.630.
Price is ranging in the Kumo at the moment with KS resting and Ts showing a slight move down. Not enough confirmation or volume for anyone to add any sells until we see a Kumo breakout, If it breaks out we could see 135 and possibly 130 tested. Also theres news in the AM during london.