Trend break, TP @ 1.002 Ignore the large green shooting star, fundamental.
GBPJPY Bearish Wedge Continuation Into Daily Support
Been around 6 months since I posted some technical analysis. Trying to get back into it, with the hope of progressing further in 2020. GBPUSD Simple Long trade with support/resistance plotted, a decent long term bullish trendline plotted, flag formation on the daily candlestick plotted. Lets go.
Spotted a flag formation on the D TF. Not 100% convinced on how price action will move within the flag itself but lets see how this plays out. Not published any analysis in over 6 months, so this may be a little rusty.
This resistance zone has held for quite a while, infact, the first analysis I EVER PUBLISHED featured this pair, with this same setup. If a true breakout occurs (price passes the previous high, the the ridiculous candle, the candle peak at 1.6200) then I'll revert the resistance to a support level for price to bounce off. Should it hit 1.6200 and reverse, the...
Plotted a narrow channel on the 4hr that price seems to be sticking too. Interested to see when it will breakout, for the next 72 hours however I anticipate a few retests as plotted with the blue arrows. I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/ My personal tutor is Masum, a Top Author on TradingView;...
Plotted a few 4Hr & a few 1d support & resistance lines, price confidently bounces between these lines. Lets see what happens I am a Premium Student of the Diamond Forex Academy; instagram.com/diamondforex/ My personal tutor is Masum, a Top Author on TradingView; uk.tradingview.com/u/masumhussain/
A bearish downtrend into a falling wedge formation, anticipating a reversal and once the bottom wedge-line has been retest I think price action will make a reversal for a big BUY. :)
Anticipating Ping-Pong between 4Hr support and the Daily established supply zone prior to a drop. TP 1 at 4Hr Support TP2 at 0.87 (Last consolidation zone) TP3 at Daily support Lets see what happens...
Everything is explained on screen! For those who keep sending me direct messages, I am a Student of the Diamond Forex Academy (instagram.com/diamondforex) and more so my personal tutor is Masum, a Top Author on TradingView, take a look (uk.tradingview.com/u/masumhussain)
Anticipating a rejection of the bullish trendline before hitting TP1 (4Hr Resistance) followed potentially by TP2 (Daily Resistance). SL just below the previous low on the trendline. Checkout my oldest trades, look at the success rate & accuracies. Cheers.
Ive been holding this Short since the dawn of time. This will be a big £ trade. Follow my mentors! @DiamondForex on Instagram. Tell them I sent you for a 2 week free trial of 89% success rate Forex signals
Everything is explained on screen! For those who keep sending me direct messages, I am a Student of the Diamond Forex Academy (instagram.com/diamondforex) and more so my personal tutor is Masum, a Top Author on TradingView, take a look (uk.tradingview.com/u/masumhussain)
Rising Lows within the wedge. TP1 @ 4Hr Support TP2 @ Daily Support