So the in 4 hrs flag pattern is formed could go up to previous high level . I prefer to go long with this .
ending diagonal on 4H chart and there is rsi divergence also first tp-1.41000 second tp-140200 sl-1.41700
Buying GBPUSD after a deeper correction in 4 hrs.
Downtrend in the daily timeframe. Going down to the lower timeframe market has shifted from a bullish to a bearish market after a small sideways. comment down below if you want me to make an analysis video and to know why we shited from a buy-side to sell-side.
Pattern trendline breakout, reset and bounce back found so we can go for long (safer enter after important resistance breakout)
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
The market has provided a nice impulse move towards the upside and came down for a minimum retracement at a 38.2% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2.5 risk to reward
GBPUSD recently broke its multiple rejection RESISTANCE at 1.4000 & drastically go up. Another side's already in an UPTREND for the last few months so, Price action analysis says it's a good time to buy/long GBPUSD as a SWING TRADE. Remember: Close 50% trade at take-profit:1 & move Stoploss at Breakeven. There is resistance at Take-profit:2 so if we use this...
ETC full set for Retest Target $148 & next to $179 last hit. Buy Entry $120 Sell Entry $148, If continue support next target $179
Entry at: 1.39141 Stop-loss: 1.39261 (12 pips) Take-profit: 1.38961 (18 pips) Risk-Reward: 1:5 TAKE ONLY 2% RISK OF YOUR CAPITAL