GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex
So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend.
I see an interesting thing that has formed...
Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146.
When Placed I have seen many things...
Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support.
- For me likely to be where price will draw down then start the true continuation to form a new HH.
Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3
- In Confluence w/ our Daily's TF Fibs (-27%)
& Pending Point E (-61.8%) - TP #2 - 149
- In Confluence w/ a H4 Key Level
So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend.
I see an interesting thing that has formed...
Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146.
When Placed I have seen many things...
Future Point C would be at 144.1 a Parked H4 Key Level also the last place price has found a level of Support.
- For me likely to be where price will draw down then start the true continuation to form a new HH.
Also, with placing my fibs here we see Pending Point D - TP #1 - 147.3
- In Confluence w/ our Daily's TF Fibs (-27%)
& Pending Point E (-61.8%) - TP #2 - 149
- In Confluence w/ a H4 Key Level
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Want to learn Step by Step How I Trade Forex??
Check out our NEW FREE 1 Hour Forex Training
Register Here: fxpronow.com
Learn our 5 Secrets to Become an #FxProNow
I believe #YouAreTheIndicator
Check out our NEW FREE 1 Hour Forex Training
Register Here: fxpronow.com
Learn our 5 Secrets to Become an #FxProNow
I believe #YouAreTheIndicator
Related publications
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.