Expecting a retest of the previous broken support to ask as resistance. We should expect more bearish move on #GBPJPY.
Expect a retest of previous resistance before price resumes her bullish momentum.
Going with the flow of the new bearish trend. We had an entry at the retest of the bearish engulfing confirmation on the 4H. Two take profits set.
Potential double top came to fruition against our bullish bias.
Dont be caught in the false bearish move. Go with the trend, she a friend and pays too.
Expect a lower high before the market makes an higher highs. Thats the sign of a bullish trend.
Expecting a continuation of the bullish trend as price has been printing higher highs and higher lows.
Watch as the previous resistance turn to support unfolds while we target prior high as take profit.
Expecting a retest of previously broken resistance acting as support.
Broken resistance always become resistance. We expect price to go up and reject.
When price breaks a resistance it often makes a retest.
Expecting a chart pattern in form of an head and and shoulder.
Expecting a third rejection at the trendline. Wait for a confirmation like a candlestick pattern before going short.