FOREXCOM:GBPJPY Candlesticks are consolidating around 142 (Le Resistance)... Also DOJI in play. Will this be the beginning of a BEARISH reversal to the downside or will the BULLS keep pushing above 142.200 ??? This wave hasn't had a higher high yet... HMMMMM.... I'm looking for quick short to 141.700 or maybe a break above 142 and retest as a support. Then...
Showing a shark pattern. Could even be the beginning of a right shoulder. Let's see... It's been playing around .8913-.8914 for the last few hours.
In a down trend, Still looks good for a Short. Maybe ending of Elliott Wave. It's Over bought, Stochastic looks like it's crossing.
EUR/USD is showing a head and shoulders pattern, I'm looking for a Long trade on this! Let's be hopeful!
I posted this yesterday but noted it as Long and not Short! Certainly looking good as a short, Head & Shoulders showing reversal zone and it is going down! Let's see where this leads us!
I've been watching this pair since last week. Looking for a rfeversal. Hoping it will continue up with some pullbacks. But this will hit sellers soon...