If prices can break and close above the daily trendline(blue) and closes above the resistance then I believe that a big move can occur judging from the 4HR chart and the DAILY chart. However I would be expecting prices to consolidate after it has broken and trendline and we'll have to wait and see what happens from there
GBPJPY is in correction after this last 1H impulse up, I'll wait for it to complete the abc structure, and will look to buy 0.618 fib level which is riskier entry.A more conservative entry would be to wait and buy the breakout targetting 134.90.Trade your plan
Potential shorting opportunity with the break of this bearish flag Be patient and wait for a re-test and for bearish market confirmation with price action
This is FX:EURGBP H1 setup.I'm waiting for it to finish this corrective structure and then sell on breakout
EURJPY just broke a DAILY TRENDLINE, so it does mean the market is now BULLISH! BUT, the market didnt re-test the lower level. So I am going to be buying the RE-TEST till the upper RESISTANCE LEVEL! -- Its a really simple trade, 200 PIPS reward low risk! Make sure to FOLLOW and LIKE for more CHARTS IDEAS =)
Price action is following structure. Both rallies up from the initial swing low have been equal in length. We're likely to see a re-test of previous highs which is in line with current structure. Price is likely to reverse in the blue box from 6779 down to 6735. Potential trade set up for a buy at 6735 is a 1.62% ratio trade with stops at 6599 and take profit at 6954.
I'll sell the breakout of trendline after a minor consolidation on lower timeframes confirming that it wants to go down, first target would be .6850 then from there depending on structure I'll be managing the trade.Trade your plan