Hello Traders,
Hope you all are doing good!!
I expect GJ to go Down after finishing this wave.
Look for your SELL setups.
My charts explains the reason if you are aware of the wave analysis. If not, then contact me and I can patch you up with the right people.
Please follow me and like if you agree or this idea helps you out in your trading...
It'll be more clear if you look at your chart in D1 TM.
I've spotted raising wedge which is reversal pattern and the H&S pattern still seems to be valid, the new bearish impulsive moves started this is why the current trend up seems to be counter trend.
to sell the market wait for the break of the falling wedge and the correction channel.
Note:
All ideas...
GBPJPY according to previous history can move further upside but then it will definitely move downward as mentioned in the chart. Do your own research before taking any decision about short or long....
As per my calculations, you can take short entry @ 165.750 and
TP1 @165.250
TP2 @164.700
TP2 @164.000
SL @166.300
THE PREVIOUS IDEA WAS DISRESPECTED BY THE MARKET AND THE RESISTANCE WE EXPECT TO WORK WAS BROKEN AND TURN INTO SUPPORT HENCE WE ARE BULLISH WITH GBPJPY 4H TM.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and...
hello friend as you can see market breakout trend line making supply zone and market all ready come in supply zone it means market will be go down site i hope it will help you after confirmation you can short thank you.
Analyzing daily and 4H time frames i spotted structure violation and price now trading within the channel, daily key support structure broken and now on retest.
find entry point using lower TM
