Head and shoulder pattern is forming Very good entry opportunity for a short!
Price is consolidating at the trendline of the channel and also coincide with multiple bottoms Ready for the upside
Forming a bearish flag pattern. Looking for more downsides
Ready to take a position with a good risk-reward ratio!
Price broke above the descending channel. Wait for a pullback for a long entry
General direction is doing down! Check out analysis for 3 possible scenarios
Great momentum for GBPJPY the previous week. Expecting a pull-back on this pair before going downwards to the trendline.
Short term: Short Mid term: Long
As we can see from the chart, USDJPY has been in an ascending channel for the past few months which is bearish. At the current stage, the price seems like has broken the channel support trend line. However, the price currently is at the horizontal support area which means that it is possible for the price to bounce. I have marked out 2 possible scenarios: 1)...
As we can see from the chart, the price of the DYX (USD) is moving an ascending channel which is bearish. Recently the price has finally broken the support of the channel and making a pullback. Now, the price seems like it is ready to move to the downside! We can pay more attention to USD related pairs and be ready to short pairs such as USDJPY!