GBPJPY FULLBREAKDOWN

Hi Guys , i have a full breakdown in my GJ analysis

just look down below

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in Daily Timeframe , we clearly see a H&S Pattern means we are looking for an entry to sell , so we dont want too look for buy in this area.

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then in 2h timeframe we have more price action come in play , the broken of the trend line so price is still on bearish movement , with the combination of elliot wave price has broken down minor support and wait for price to retest before entering the position.

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Monthly timeframe still in the downtrend

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im still looking for sell in this bearish downtrend , will change to long until i see a breakout of the downtrendline in the higher timeframe , so for a short position , i will wait until the price retest to the 61.8% fib area with minor support above remember to put your stop loss , we can't control the market but we can control our risk

davidvid96

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davidvid96

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