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...
It had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house...
Not too much to explain but those that see, do. Those that don't I'll come back to explain, kind of caught up with some other things.
Price retesting a recent support at 164.867 while having a possible resistance at 165.513 moving in respect to a recent downtrendline in 30 min tf. Now if price respects the possible 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. However if price breaks out of the...
Price currently ranging in between a small structure after a breakout of the major resistance at 166.317. now if price makes a breakout of its recent high in that structure then it could continue to push up to the next HTF resistance at 167.928. And if price makes a breakout of the support in that structure at 166.317 then it can continue to come down as a...
GJ has formed a double top in the 4hr time frame at major resistance, price could short to next support, before continuing for the long
Price made a retest to the support at 164.240 after a breakout of the previous support. now price if continue with furthur bearish move & closes below the support at 164.240 then price could continue pushing down to retest the next support at 163.667. However if price faces strong support at 164.240 then it could continue pushing all the way up to retest the...
GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129. However if price respects the recent support and makes a break & closes abpve the high...
GJ was stuck in a flag pattern for nearly 2 months. Price tested a major support level 3 times, corrolating with the flad pattern. Price broke out of the flag pattern, retested it, couldn't break the support and has been going up for 2 days now. We expect at least another day for 2 of rise on this pair to complete the 3day, 3 level move.
So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 165.963 on htf pov. now price if respects the support at 164.979 & closes above the resistance with further bullish move then it could continue moving up creating higher high while moving in respect to the...
So the price has a very recent support at 165.069 & has its next support at 164.174 on shorter tf pov. And theres a major ressitance zone for gbpjpy at 166.319. now price if respects the support at 164.979 & continues with further bullish move then it could come up to make a retest at the major resistance while moving in respect to the uptrendline. And if makes a...
This is my technical breakdown on GJ. GJ is in a bearish condition on the higher time frames, however, we've just had a strong breakout of a descending wedge (bullish pattern), caused by the UK electing their new Prime Minister. Now we've had this break out, I'd be looking to go long on GJ on the retest which could happen at either 163.500 or 162.500, where...
Price already moved about +260 pips long for the day and is retesting a major resistance at 164.656. now price could go for some small retracements to retest 163.494 or 162.672. And if price breaks & closes above the resistance at 164.656, then it can push up all the way to next resistance at 166.180.
GJ buys after weeks of ranging. Been a while with tough consolidation but price shot up
You should not be waking up with a smile but with a clap for the hardwork and skill that you have built thus far. On to the next, bigger and better.
Still running but SL is in TP. We running quite well and very strong. So sleep on it and let it hit TP ............or SL (which should be in profit)
Seling though overall GJ is bullish I saw this good opportunity; liquidity build up and breaks of structure to the down