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Forex-analysis

GBPJPY short ideaGiven that GBPJPY is in a bearish trend, we have two probable setups on this: 1- Market breaks the support, retests the broken support now turned resistance. Rejects the resistance and continue down. 2- Market continue corrective its bearish leg. Once it taps the resistance and the descending channel trendline, it faces rejection with a pinbar or engulfing. Then it starts to fall down. We will continue playing this setup until something else arises.
Short
by UnknownUnicorn36651192
Head and ShoulderYou probably heard of the Head and Shoulders chart pattern. There are two versions of the 'Head and Shoulders' in the markets. The pattern that resembles a human figure standing upright is the BEARISH version where we would like to see SELLS in the market. The pattern that resembles a Human figure hanging upside-down is called the "Inverted Head and Shoulders" pattern where we would like to see BUYS in the market. In this chart example, we have the Bearish version. The head (where the face is located) is often times classified as the stop hunt where liquidity is established. The stop hunt liquidity is where retail buyers are trapped. An optimal entry for this pattern would be on the right shoulder (located on right side of your screen) with first targets aim at the neckline or beyond.
OANDA:NAS100USDEducation
by Skyboxpips
Can Bitcoin see 60K Again?Hello Team! A quick analysis of the current Bitcoin structure. We can see we have had a strong bullish movement over the past few days. We will look for a candle close above the 46K resistance level to look for long positions to 48, 50, and possibly to 60K. As always we will close 50% at our first target, adding a stop loss break-even and closing the remaining positions on the way up. Stop loss will be under support levels. Enjoy the market open!
COINBASE:BTCUSDLong
by GenesisGo
1
GBP/USD - 11/01/2022Happy new year, yesterday was my first day back to the charts for the new year. Hope you all had an amazing Christmas. Kicking off my first post of the year with this GBP/USD set up. (H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some profits from the market. (M15) - As we are looking to capitalise on higher time frame momentum I want to see price begin to break the resistance and produce a wick to the upside. I will then be waiting for price to create a small pullback with a wick and then enter on the break of the previous candle high with stops below the key level. What are your thoughts on this?
Long
by Official_VIFX