We need to monitor this set up to see which way the break out forms.
As price hits the support line above could we be about to see major selling opportunities?
Looking for price to close either below or above the support line, once price closes we would look to take the trade in either direction.
Could we expect a bearish movement off the yearly high resistance line? looking to use FIB retracement levels to pinpoint an exit out of the trade
Potential Gartley pattern forming? Please let me know if this seems correct I am still learning thanks, feel free to point out improvements! :)
Are we looking at a potential reversal here?? Be interesting to see which way this goes.. I’m expecting a strong sell once we’ve broken the support line.
Hi, please let me know if there is anything incorrect as I am new to this and trying to find my feet. Here we can see another test of the resistance line, if this bounces off again we can look to sell this pair. All feedback is appreciated.
Hi, I’m very new to this and still learning so any feedback is accepted. Do you think this is a potential bullish or bearish pattern? I personally think it’s going to come back to the support line, (previously a resistance line) and bounce to the resistance at the top of the channel. Please please comment let me know your ideas or if I’m doing something...
Forgive me if this is wrong as I am still learning, however would you say over the next few days a potential right shoulder is forming on the GBPJPY daily TF?