Forming Bullish Crab didn't work out, but we see now Bullish Gartley Pattern formed.
Accordingly, I've put T1 and T2 on the daily chart.
Because this FX pair is so volatile, I recommend using care and entering positions based on the scenario on the hourly or four-hour chart.
Hello everybody!
So, after shorting on daily timeframe, and saving my ass on 4H chart :D I'm again for - shorting. Or buying JPY, whatever sounds better for you!
Thing is, at least how I see it, GBPJPY will soon touch Fibonacci 1.618 (around 144.38). When? Well, it's a billion dollar question. However, I'm convinced that it will happen in the next 5-10 days.
At...
Pretty simple idea - since JPY is usually considered a safe haven in ruff times, and we're on the edge right now, thanks to the RU-UA situation, this looks like an inevitable path for the Dragon.
Usually I trade using harmonics, on 4H and 1D, but now volatility is too high, and currently I receive too many false signals at the moment.
So, I decided to stick with...
Too bad I didn't see this yesterday :/
On daily chart I'm still bearish, but 4H shows beautiful Bat pattern. Since it's on f the most accurate of all Harmonic patterns, I'm really angry on myself I haven't saw this one coming.
However my gut feeling told me to close mine shorting position. I'm waiting now to see where it will go.
I still see downward momentum...
