Will enter a sell on 1h or 15m timeframe if 4h candle closes below 1.09612✅ Bias remains bullish until support is clearly broken and the reversal begins
Triple top forming, will be looking for short opportunities all the way to 1.17135
End of July highs have been broken, looking for a simple break-retest here before looking for longs. Long term target 81.711.
🛢OIL Analysis ⏰1h Timeframe Last week Oil broke below it’s previous ascending channel. Price seems to have found its new lower structure after forming a double bottom formation📊 Eyes are peeled for buying opportunities this week as price moves back towards breakout area of 41.17 & previous daily resistance 42.31🚀
Oil double topped at previous daily structure & appears to be pushing once more for a retest. I can see price hanging around 42.31 area for a day or so before breaking above and continuing upward.
Keen to see how price reacts at the previous 4h high from earlier this week. Lower highs failed to form & price seems to be losing momentum - Will bears will step in next week & take control next week?
GBPJPY is currently trading within a wedge pattern, No action will be taken until a breakout + retest occurs either to the upside or downside. Next week's early news sways me more to the upside, however, we will wait to see how it plays out... Patience pays!
Took 50 pips out of this pair yesterday, looking to do the same again!