Rejection of resistance. Betting on a test of lower support.
Entered as shown on chart. Betting on a rejection of resistance and test of lower support here.
after small retrace ment it will go down again MANAGE YOUR RISKS AND ENSURE THAT YOU FOLLOW YOUR STRATEGY AS SUCH. IF THIS WAS USEFUL, LET ME KNOW WHAT YOU THINK IN THE COMMENTS. MANY THANKS
Rejection of resistance. Betting on a test of lower support.
Hello my friends, Everything is marked on the chart. We have a breakout and for now we can enter the buy position with retest the support zone. Good luck. If its useful please like it as a support and follow me to next analysis :)
if the price break the resistance we will visit the green areas TP 1 GBPJPY ==> 174 TP 2 GBPJPY ==> 185 SL in 159
FX:USDJPY 117.361 is an entry point for selling 108.195 the next target
(Daily Time Frame) BUY Market is currently testing Secondary support zone. Indicators used show market is about to buy. Market has been in a downtrend for a while, but other time frames also show that the market is soon in for a buy.
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Good reaction from Key level identified We are hunting pullbacks to buy across GBP pairs.
Moving on with the Japanese Yen pairs. GBP looking to drop more fractally. No pivots fractall, drawing another zigzag or what is a C Wave of a larger fractal. I have outlined Fibonacci goals in purple, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot...
I'm bullish for reasons: 1. Continuation Pattern in Weekly -- HL Price, LL RSI 2. RSI above 50 on Weekly and holds as support 3. Price bounced 0.382 RED Fib 4. Doji in 4H with BullDiv Buy: @ RED Fib Levels TP: @ BLUE Fib Level and YELLOW (in case it forms H&S) SL: Below 0.618 RED Fib Disclaimer: I am not qualified to offer investment, legal, or any other advice...
Active Trades... Upadated Daily and Taking Profit as needed...