After breaking the lower line of the rising wedge on the D fram, and formation of double top, another risong wedge former on the 4h fram and has been broken as well.
Sell opportunity from 0.707 to 0.71 withe targen and stop loss presented in the chart.
Formation of a rising wedge after breaking the upper line if a bigger falling wedge. All that happens very close to the lower black line. Also, formtion od bullish harmonic pattern.
Buy opportunity presented in the graph with a target of 0.87
The falling channel has toutched the up tren line once and rallied to the the uper line of the same channel where it reversed again.
I think the the price will fall near to 1.089 where it will be a great opportunity to swing buy to the target presented in the graph.
A flag battern formed on D fram, witha big bearish harmonic battern on W fram.
Any close below the lower line of the flag takes the pair to the target shown by the big arrow.
Refer to the other analysis on the shorter time frame.
H&S formed on the 4h fram with a target of 0.734, which is the lower line of a flag battern.
In case broke that the lower line, that would take it to the Harmonic battern target.
Break of the lower level of the bigger flag, then re-test of the lower level by another smaller flag. Then a break of the lower level of the smaller flag and another re-test.
Sell opportunity at 0.8613
T/P 0.85, the take profit is calculated by to means (refer to the colored arrows)
S/L 0.865
The GBPJPY breaked the upper line of a descending triangle on the weekly fram, then created a bearish Harmonic battern on the same fram. The 61.8% of this harmonic battern is around 141, which a suitable location for a pull back on the triangle battern.
Should this scenario happen, this would be a great area for buying for long term swing with a target of 165.
