EURJPY - Long oppportunity on the golden zone
Waiting for a break of the neckline before going short
Waiting for a retracement and placing a limit order
This must be a thing of beauty on Gold. Price is rejecting this area with a head and shoulders. If price breaks neckline, we are in!
Looking for shorts
Price might retrace, if it does ill be waiting for the reaction of the 2 places i marked down that would probably give us the signals to buy
Ruth now its making a double top on a really good resistance in 4H timeframe
Price hace made a reversal pattern of Double Top (M) and has a divergence
We can see a clear ABCD pattern where the AB has the same size as the CD and it even took almost the same time, so we can expect the price to retrace to 109.47
Wait for a good rejection on the weekly resistance or the 61.8% (better) and go in for a short
Confluence everywhere: Broke downtrend and retested the TL 3rd hit of the uptrend Price retraced to the 38%-50% zone Just wait for a good candlestick action, more specifically bullish momentum with a bullish engulfing on 1H TF and go in!