EURGBP 4H RISING CHANNEL.I'm reposting this. You can see the falling channel and the rising channel after it.Enough volatility to confuse us these last days. There is an excellent breakout and retest but for me, it's too low. It barely touched the 0.382 fib retracement. I will put a pending order at 0.618 fib retracement with 2 targets. tp1 at previous low and tp2 at 1,272 fib extension. Enjoy!!!
Forextips
GOLD RALLY TO BE CONTINUED.We can see a beautiful flag at 4h chart. Friday, today, there was a breakout. I believe price will hold at resistance zone I mentioned with red rectangle, then reverse, make a double bottom at previous local support (blue rectangle) which will also be our retest then fly to previous highs. Beautiful set up for next week.
EURGBP 4H BREAKOUT OF CHANNELEURGBP at 4h just broke out of a rising channel which made after a falling one kinda looking like a flag. We should wait for a clear confirmation of reversal below the line of falling channel to make sure this is not a breakout. Then enter with a beautiful R/R ratio. This one to finish the week. It may get triggered until night. otherish, keep it in your radar.
GBPUSD 1H BEARISH FLAGWe can see a Bearish flag at 1H. We saw a breakout because of the news today, then reversed and made a double top. Double top confirmation closed inside the bearish flag. We put targets 1 at 1:1 R/R and Target 2 at a good level of support. We expect GBP to fall even more because of the political uncertainty. Nice mid-week trade. Only if you trade flags this way tho.
USDJPY NEXT MOVETriangle formed in previous resistance that held completely!! We know see a clear breakout and a double top confirmed at 0,382 fib retracement. All those in 1H timeframe. Take profit 1 is at AB=CD completion pattern which also is a 1.618 fib extension. tp2 is a long one at previous support.
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