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-On a 4-hour time frame, we can see that the price was moving within the triangle pattern and we can see that breakout happens.
-We can see that a lot of resistance is happening on the yellow line so we can expect retest and rejection and we can expect that bears are going to take control.
-For the buy I will wait until the price retests triangle resistance line and then I will decide what to do or I can try to find another solid support line between the yellow line and the resistance line of triangle pattern.
-On 4 hour base, GBP is very weak and JPY is at a pretty solid level and in daily base GBP is still weaker than JPY.
-If GBP remains weak and JPY strong we can expect further bearish movement and if JPY loses some power and GBP gains some power we can expect bullish direction.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price was moving within the triangle pattern and we can see that breakout happens.
-We can see that a lot of resistance is happening on the yellow line so we can expect retest and rejection and we can expect that bears are going to take control.
-For the buy I will wait until the price retests triangle resistance line and then I will decide what to do or I can try to find another solid support line between the yellow line and the resistance line of triangle pattern.
-On 4 hour base, GBP is very weak and JPY is at a pretty solid level and in daily base GBP is still weaker than JPY.
-If GBP remains weak and JPY strong we can expect further bearish movement and if JPY loses some power and GBP gains some power we can expect bullish direction.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.