RisingStarFrX

RisingStarFrX

Overview: EUR/USD on the 4-hour chart has experienced a bearish breakdown from a previously formed rising wedge pattern, followed by a retest of the broken support now acting as resistance. The price action is currently consolidating into a new triangle pattern, suggesting potential indecision or a continuation move. Technical Indicators: - Trend : After...

RisingStarFrX

Greetings fellow traders, GBPJPY H4: We think a potential Head and Shoulder Pattern is forming. The Best Level to SHORT/HOLD that we recommend is once the price tested and rejected the resistance zone at 141.275 Once we have confirmation we will be placing a short till the 139.500 zone. IMPORTANT NOTICE FOR ALL TRADERS: This is a speculative setup. We advise...