Here we have USDJPY 4H - Nicely build rising wedge with a possible breakout - in case of rising wedges, the breakout should be bearish. with nice rejection from S/R level and maybe shooting star candle in the making. What do you think?
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GBPUSD - 4H
Well drawn Fibonacci retracement can give you very valuable informations, e.g. look at 38.20% and 50.00% levels which are acting as S/R.
Right now, we are expecting a bounce from 50.00% level to 38.20% level.
LIKE if you agree!
Analysis done with Daily and 4h price action.
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Price is almost at our channel and trendline. We are still expecting a touch for the trendline and then bearish move. Great low risk setup..
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Analysis done with Weekly, Daily and 4H charts.
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Price is approaching our Weekly and Daily channel.
We are expecting bounce from a channel and then bullish trend.
EURGBP - Analysis done with Weekly, Daily and 4H price action. There can be possible bounce from the S/R 0.88130 level and break of the TL with continuous bull trend. And also break of the S/R 0.88130 level and bearish trend. What do you think?
Price is almost at weekly TL, I am expecting quick rebounce from 4H and Daily support. Then it should be dropping from weekly TL with continuous bearish trend with LH and LL among the way. What do you think?
