What are your thoughts? This is what we have on the 1h timeframe, there might be a probability that the market changes direction to the down side.The resistance level can be clearly seen, the market came to retest third times.
GBPJPY is Testing support with divergence on 1hr timeframe
buy on break of LH
TP,SL mentioned in chart
how was my plan , comment your suggestion
Thanks
GBPJPY currently positions itself at the Bearish Shark Pattern. While the pattern is not yet confirmed, aggressive traders might be tempted to seize the opportunity early, either to ride the potential high or out of fear of missing the move.
It's important to note that a shark pattern could offer as many as three entry points.
I'm intrigued to know your trade...
The price can cause pain in the chart by passing the current resistance range and by passing the 78.6% level. In this case, the movement process will continue according to the specified routes
As long as the price is above the green support zone, the continuation of the upward trend will be more likely
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
The International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy...
This is for short term
Marked Possible Buy Zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
market execution sell on this sunday market open trade . H and S trade, Bearish engulfing on 1 hr and 4 hr for confirmation; positive down trend unless we break out of the high which you could just take the inverse trade for a buy. 25 pip target
-PGP :)
Gbpjpy Buy critical Zone
184.311- 184.140
SL - 183.840
Tp 1 : 30 pips
TP 2 : 60 pips
Tp 3 : Open
Gbpjpy Sell limit Zone
186.427- 186:630
SL - 186.930
Tp 1 : 30 pips
TP 2 : 60 pips
Tp 3 : Open
Remember: We will have to enter direct with layering in zone ✅
1st limit start of zone
2nd limit mid of zone
3rd limit end of zone
We’ll have to count 30 pips...
GBPJPY
Pivot 184.990
- If the price is higher than the pivot, Long target TP1 at 185.965, TP2 at 186.777
- If the price is lower than the pivot, short target TP1 at 184.310, TP2 at 183.410
Here I have GBP/JPY on the 1Hr Chart in what looks to be a Pennant Pattern!!
We've had 2 tests of the Falling Resistance and 2 tests of the Rising Support! There is still room for price to play in the "Pinch Point".
As of now I have a Bullish Bias on this idea because price was in a Uptrend prior to entering this pattern! Along with GBP showing strength across...
