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Chartpattren

EURUSDI was looking for a bearish weekly candle. Price created a "Tuesday high of the week" into a PD array FVG above the 50% and rushed downwards below the week open. In setups like this it's rare for Wednesday to break above the week open again, especially when we have a lot of news drivers during the week where we anticipate good price animation. From Wednesday to Thursday price created an ascending flag and a 3 drives patter reaching the week open once again inside a PD array. I wanted Thursday to also form an OHLC (Open, high, low, close) setup. Once price created a nice bearish candle on London open i've waited for a smaller time frame confluence to enter on a FVG+Bearish Breaker combo.
Short
by Kamis777
GBPJPY (4Hr) Double Bottom Breakout and RetestGBPJPY formed a Double Bottom pattern on the 4Hr and 1Hr time frames with the left bottom at 179.47, right bottom at 179.73 and the neck region at 182.28. The height of the pattern is approximately 280pips. The neck region was broken to the upside on 21 July with price reaching 182.51. A pullback to the July 10 trend line at 181.20 was seen shortly. This trend line provided a good support and turned the price northward from 181.10. We need to see price reclaim 182.52 to open the door for long opportunity to 184.10 (first); then 185.10 levels.
Long
by MTAcademy