hey gouys
iam seeing a channel pattern in 4h and it has been broken so the market needs to complete and it needs to prove that channel brak is strong so it should go down and iam seeing an entry of support which changed into resistance later so its also called as bounce and the other famous tool called Fibonacci is proving that the resistance is maded and it is...
Hello Traders,
Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down. Price dropped to complete W formation.
W > We saw an M formation and expected price to rise up to test the neck...
