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Good Day Traders,
I present this neat, and simple mark up of GBPJPY which formed a nice Head and Shoulders Pattern. Price broke out of the neckline and closed beneath and now doing a re-test of the neckline before Tanking down for 30+ pips to support. I will enter after a bearish engulfing forms after the retest candle closes.
GBPJPY is in a downtrend, waiting for the retest to close and entering after a bearish engulfing has been formed on the lower timeframe down to support
GBPJPY is trending downwards. Price broke a level of support, and i'm currently awaiting a pullback to the resistance to test it before TANKING HARD!, SL above previous highs and TP at next Support.
XAUUSD is trending upwards, towards a RESISTANCE area of 1750, where 2 possibilities can occur, 1. A Continuation to the second RESISTANCE or a Retracement to support before going LONG.
Whichever way the market chooses to go, ALWAYS PUT YOUR SL IN PROFIT!
If this analysis made sense or matches with yours, please give it a thumbs up :))
GA IS IN AN UPTREND. WHEREAS; PRICE IS RE-TESTING THE SUPPORT, PROBABLY GOING TO BOUNCE OFF THE 61% FIBS RETRACEMENT AND CONTINUE THE UPTREND.
HOW TO ENTER
*WAIT FOR A CLOSE OF THE CANDLE POSSIBLY THE 15 MINUTES OR 1 HOUR AND ENTER AFTER THE CLOSE OF A BULLISH ENGULFING CANDLE AND RIDE THE WAVES.
*WAIT TILL LONDON SESSION TO...