Multiple confirmations for bearish momentum GBPJPY 1. HTF 12HR complex head & shoulder. 2. Fake out on BOX in 4HR; precisely fake breakout on 4 HR along with bearish engulfing. 3. Multiple rejection on bearish trend line channel. 4. Rejections from golden level in fib on 4HR. 5. Entry, preferably a closure on 45 min time frame in the green zone will be best. This...
Bias is bullish as per the fundamental perspective. Bullish triangle breakout on 90 mins. Fakeout on 30 mins, clean range on left on smaller time frames. TP 1 1924.58 ;
On Weekly, Fib level for 61.8% is 180.335 ; 50% is 181.56. Current week shows signs of ranging, bias is bearish so looking for sell opportunity. Trend on 4hr is bearish, looking to seize every opportunity to sell. Found breakout on 30 min. Have a look share feedback. PS. Bull max means bull will be back in power, Bear means bear will be back in power. ALL THE BEST