Weekly candle last 2 weeks was bullish engulfing, currently showing mix pattern. Waiting at 131.864 range, if it created bullish rejection candle, it confirm the wedge continuation pattern and the bullish ABCD move , minimum to reach the C point back at 133.8 . Further move up will confirm the bearish ABCD move towards 136.00 . Will wait to see any bearish...
At break or rejection price, buying with tight sl and sell stop at sl price to catch momentum breakout if it move bearish.
EurJpy is currently retesting monthly trendline but it is still maintaining bearish structure. Waiting at reduced risk entry zone for a better position and bias.
Need to break the current resistance area to confirm the falling wedge pattern
With price making new low it is still having a bearish bias and currently in a retest of HNS neckline. Waiting for any bearish rejection for entry.
After a daily bearish rejection in the trendline, H1 is forming bear flag waiting for a breakout. a break under the HNS neckline will indicate further move down to retest a strong support area.
Currently the ascending trendline is holding well and everytime price reach the trendline it will make another strong impulse bullish move. Waiting patiently for price to reach the targetted area.
Currently in a key level after a break of the diamond bearish pattern, HTF is still in the triangle waiting for the breakout. Upon break will confirm the triangle pattern for a longer term sell.
Weekly close as doji and now awaits if it will break the rising wedge for a short term sell to the expanding triangle trendline.
Currently in an ABCD bullish area, it already shown H4 bullish rejection, excellent risk and reward for GbpJpy.
Having to have a clean break of the symmetrical triangle bullish continuation pattern, it is now at a retest which is confluence with possible inverted HNS pattern. With previous bullish impulse, it is expected that the price will reach to 150.281.
Holding bearish structure, breaking the ascending trendline with good risk and reward ratio. Expecting a break of the double top neckline to confirm on the projected target of 0.71658 as the final TP level.
Still maintaining bearish structure with ascending triangle pattern, we are looking for a bearish rejection in the e wave zone. Invalidate if it break point A
Currently in a good sellers zone, as long as it didnt break the higher low, we are still bias on another bearish leg.
Euraud, after breaking the rising wedge pattern is now near the retest , which confluence with the fib extension level. Expected a retest and waiting for the price action if there are any bearish sign to enter sell. Target tp is taken from the rising wedge tp level.
Maintaining bullish structure and break of the CTL and retest with good rejection at the fib level gives good risk and reward opportunity for this pair.
Long term Take Profit level for the Cup and handle pattern are still due. Currently having a 2nd bullish falling wedge pattern waiting for the break.
Excellent confluences in the mark area, with a retest from the break of the trendline , confluence with bearish channel and fibo level.