Break of counter-trendline and retest with high test bearish engulfing candle. Shorting this pair to 0.750
The downtrend TL has been broken. Look for a retest to the highlighted structure area and enter long
H4 double bottom off 113.74 support. Stops below support with profits around 115.0
3rd touch of TL in line with rejection of monthly support. H4 bullish engulfing. Stops below 120.00 profits at 121.00
Looking to ride the retest back up to previous highs at 121.00
H4 hanging man/H1 double top at broken support turned resistance. Stops above 0.761 with profits around 0.755 or fib extension for long term targets
Expecting to see further downside movement to weekly support at 1.225
For the past few months price has consolidated in a symmetrical triangle pattern. After Friday's breakout, I will be looking for a retest and rejection to get in short on this pair. If these parameters are met, we could expect to see a big bearish run resume on GBPJPY
For the past 3 weeks price has tested and rejected the monthly resistance of 0.770. With another high test doji, price could see bearish movement throughout next week. My confirmation of this will be a break below 0.7609 on the lower timeframes.
I am waiting for some sort of retest to take AJ short on another simple TL break. Intraday profits would be at 86.4
ABCD pattern in line with descending TL. Looking to short EU down to the monthly support and 0% fib
Continuation to the downside after a 61.8 fib rejection. We have seen a break and retest of the ascending TL and this is an opportunity to get into the downside potential.
Price is breaking out to the downside. Wait for a confirmed candle close below the TL, retest and rejection before entering short.
Price is currently forming a descending triangle pattern. Although this is a bearish price action pattern, we need to see a break of the zone before confirming. Therefore, it is safe to say there are 2 possible outcomes to price this week. Look for a break and retest of either the TL before going long to the next resistance or a break and retest of the weekly...
Price formed a double bottom and broke the descending TL. Look for price to retest the TL and reject it before going long on this pair. Targets can be all the way up to the first point of the TL at 1.257
After breaking the neckline last week, price retraced to the 61.8 and rejected with continued downside potential. I am short this pair until the daily low with further expectation at the -27% extension
Simple break and retest of descending TL. Wait for break of lower timeframe phase line before entry is confirmed. Target 1 is 1.320
Price has retraced to a key supply zone in line with the 50% fib retracement. Look for price action to reverse in this zone and if so an entry long will be executed to the first fib extension.