if it break the strong resistance area, then it will go for long run. Already GJ in uptrend line. Use proper risk management. Thank you
Wait for candle closing at h1 TF.. 200EMA will act as a good support
📚 LEARN MORE 💰 EARN MORE Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance...
price is respecting trend line price break the trend line it create triple top pattern wick rejections at key level ENTRY; AFTER BREAKING STRUCTURE LOW(BLACK LINE)
waiting for a move. 70% chance is to go up by breaking the down trend line.
Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉 Things to consider: 1. Big impulse last month, now taking breath 2. Traingle Formation 3. Hidden Divergence in RSI 4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k How to enter: 1. Study the chart as shown in my analysis 2. Wait until trendline is...
short as a lower lows fromed in lower time frame in and take profit in the supported area as a green color in the above picture
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks...
If I found any Bearish Candlestick Pattern Then I would Like to Go SHORT, But If Market break above Resistance then I would Like to Go LONG After Break & Retest And Support on 50 MA Also But I except Short Because 3 day cycle in GBPJPY And market Making HHHL If on Monday Market come on Resistance Then I go Long Which Is my 2nd Trade and Holding the Trade Next Three Days
GJ will decide according to the performance of US dollar and Japan Yen. so i am not taking any position on GJ now. but watching for a move. mostly it will go up with Inverted head and shoulder pattern.
Most possible chance for making inverted head and shoulder pattern. if it so, then Main resistance is important for BE or BT.
There will be a possibility of retracement and BT. wait for it. Looking for a M pattern form
Expecting shorts from here! Have set sell limits and waiting for the trade to enter!
IF GJ breaks the trendline and strong resistance, then it will run for long. waiting for a confirmation of BT. if BE happens, then look for short term SHORT.
MARKET IS IN DOWNTREND IT BREAK THE TREND LINE AND MISS TO FORM A DOUBLE TOP NOW MARKET CREATING LOWER LOW WICK REJECTION ON 4HOUR AND 1HOUR AS WELL sell when it break the structure low
GJ SELL - Price action based confirmation entry . Maximum probability to reach target ... One Pair Enough to Ful Fill your requirement