H&S. Short Short Short!!!!Linked to this post is a 5 day time frame which indicates a top is near with this H&S pattern.
Maybe one or two pumps left & then a deep dive down into the bre-x abyss!
Shortposition
GBPUSD we are currently in a down trend but looks like a could be a reversal a perfect time to "catch" the market at daily low . remember we need to catch the outbreak to get those gains and remember we're in a bearish trend since august of last year so be careful entering a long positions i'd wait until i see a larger break at the major trend line for long positions keep an eye out for this pair like a hawk if you see bearish and long candle rejection from strong break zone and trend lines it'll be a short position keep pending orders in and be ready! . keep in mind daily candle we see a consolidation level and this can either be a explosive out break on both ends just play the cards right!
EUR/JPY 4H SHORT POSITIONSHORT POSITION:
Price has broken and retested the upwards
channel as well as resistance.
Now waiting for entry at resistance or enter
depending on market open.
HOWEVER:
Price has already broke and retested
and has double topped on the 1H time
frame, therefore if I enter the RR may
not be as appealing.