H1 - bearish convergence, bearish hidden divergence, and fibo resistance Entry - M30 - look for a break of the trend line with the most recent support for a sell Target 1 - last low Target 2 - 0.73 Stop Loss - above last high created
Break followed by ABCD correction and respecting the broken trend line would present a sell opportunity. Target 1 – 1.0880 Target 2 – lower band of the triangle Stop Loss -above last high created on H1
We can enter a Buy trade if the price corrects a few pips from the current levels (H1 chart) and forms a bullish divergence. Our target would be around the wave duplication area as highlighted in the chart. Target 1: 1.9950 Target 2: 2.0000 Stop Loss: Below the last low created before entering the trade.
Pair has created a bullish convergence on the H4 chart and is about to complete a potential double wave up.There is also a bearish trend line that was broken. I think we should be looking for minor corrections in order to go long, as explained on the chart
Pair false breaked the last low, also broke the most recent bearish trend line and a small triangle that we find on the M15 chart. I think we can expect the pair to rally from here Target 1: 0.7480 Target 2: 0.7520 Stop Loss: Below the recent low around 0.7390.
There is a double wave move that completed on the Daily chart. I think the pair has reached a top and it is about to reverse from here. Look for this false break on the H1 chart and go for a sell Target 1: up trend line (from the lows) Target 2: D1 20 MA Stop Loss: above last high
As long as the bearish trend line holds the price we can expect the GBPJPY to continue lower. There is a potential double wave up correction, forming on the H1 chart. We should follow the up trend line and most recent support for a break. If successful we may consider going short.