Pixelaki

Pixelaki

A short-term retracement is beginning to look like a great possibility to take a short on USDJPY.

Pixelaki

My bias for this pair is generally bearish. However, I'm seeing a pattern that I like so i consider this a great opportunity to take a long entry for a small profit. These are the things that I'm seeing: - Wolfe pattern - 3 drives - Demand zone

Pixelaki Updated 

If GBPUSD comes up like this, it will be a nice entry for Long. I see the following possible scenario: - Impulsive break - Possible teacup formation - Possible H&S formation (if it also makes a BoS there, we will have one more confirmation for an upmove).