-the main trend is downtrend
-there is weekly resistance stop the price from moving up
-there is also fibo 23.6 as resistance
-the intermediate trend line has been broken with a strong bearish candle
-two inverted head and shoulder is found.
-one is in the daily chart while the other one is in the weekly chart.
-wait for the bottom of right shoulder in daily chart formed and go for long.
-check the reversal candlestick pattern at the right shoulder
-the main trend is a downtrend
-follow the trend flow
-there is fibo 50.0 and daily support
-3rd bounce of the trend line
-feel free to give some opinion to my analysis..thanks !
-major trend is downtrend
-for aggressive trader, can go short when retrace pattern formed near the down trend trendline
-there is daily resistance at 1.37574 at the same time support by fibonacci retracement 38.2
-for confirmation trader, can wait until the counter trendline breakout only go for short
The major trend for GBPJPY now is a downtrend. The price is now testing the 3rd touch of the trend line. If price form retracement candlestick pattern, go short. For confirmation trader, can wait until the breakout of the green intermediate trend line only go short. if able,please give some comment or advise for my chart analysis, thank you !
The major trend is down trend, looking for short only. Daily chart is now corrective movement, go short when retracement pattern form at the major down trend trendline. For confirmation traders, can wait for breakout of the corrective trend (green) only go short.
