Waiting for price to pull back and touch the trend line, to execute this trade
GBPJPY has been a clear uptrend for a couple of weeks but I believe this is the week we will see it break the upwards trend line. Price is approaching some key levels on higher time frames and don't believe it will break above them. Price is also approaching the 100 ema, there is a possibility price may touch or stab it, in which case I would then expect a big...
Expecting price to stumble and roll down to the downside as it approaches the S/R zone on the 1H timeframe. On higher timeframes we see price stab the 100 ema and then drop , we could experience the same situation in the next couple of days. It is currently in an uptrend, but we are looking for that to come to an end soon as buyers start to take profits at these...
Analysis on chart. Drop a like if u agree with the analysis
We see price failed to break below the trend line properly and we saw a rise back up above the trend line. Overall on higher time frames we see EURAUD is in a downtrend and I believe we can see a continuation of this. Price is currently struggling to break above this S/R zone marked, and I believe it will break below the trend line again and head towards the next...