Watching this setup closely, if we can get the third touch on the descending trendline.
Simple and clean. NB: Risk/Reward not accurately placed, price to make a minor pullback before going up.
Simple technicals. Failure to break previous low shown by the green arrows shows me we still long here. We break of descending trend-line with formation of a wedge like pattern, we soon to explode to the upside.
Simple technicals. Trend-lines and horizontal lines only. Strong bullish engulfing day candle from last Friday, that was a break of the inner descending trend-line that could be retested this coming week and then price will go further up to retest the outer descending trend-line.
Simple analysis, awaiting third trend-line touch, and a good short will play out. Now we wait.
GBPJPY in a serious consolidation. Bias still bearish, waiting break out of consolidation rectangle, failure to break downward would be fundamental driven and would change bias. Now we wait and see. An upward break of the consolidation which will be above 142.500 would mean we would be heading upward. Also we wait and see.
A 1:2 risk/reward ratio. Break of downside trend-lines. Now waiting break of the downward trend-line of triangle. Simple technicals, trend-lines only.