GBPJPY : breaking up and possible flag pattern
However, I would like to let support/resistant zone more important than pattern.
So will take TP every S/R zone. For reduce risk.
I analysed dollar for trade forex pair, for confirm.
I think it must lower and will go to 96.
GBPJPY I think the bullish happen (break TL)
wait pullback (or break high) for follow the trend.
But if it is downtrend, wait break Low on H1.
Still in the uptrend
Pass through fibo 61.8% next TP at 78.6% ) 1305
TP2 = 1335
but aware this zone, it corrective and shadow of highest high.
It just broke the trendline last week.
I think now it's time to Sell. and TP at the support area.
Sell Potential, Head and shoulder
Trendline and triangle
Sell but no room for profit much.
I will wait reversal for safe.
Meet resistant zone and upper trendline.
Now it is in the support area zone.
If higher Low, or bullish candle, i bet half position and if break TL, i will get another half position.
If close below support area, will follow.
I bet buy this area.
If break, you can entry.
SELL only finding your trigger to sell..
Follow the trend
4h for trigger
Sell setup for scalping with trend following
Be careful the 2 moutains. : P
Downtrend ( below MA 200) for confirm downtrend
Entry signal 4H wait,