possible bearish gartley pattern is forming
In context with higher time frame bearish trend, very possible scenario in my opinion. At D point there is resistance zone, it adds logical context to
In 4H time frame trend is down, so possible upward move to 1.089 would be just a pullback
The pair broke major support one day before, now this pair in pullback mode, a good chance to sell with high risk reward ratio (note: if price break down blue dashed line the signal will become weaker)
In this pair bullish gartley is forming, D point at the support zone.
This is pair is now in high demand zone (look 4H chart), good chance to buy with high r:r
After 4H channel breakout, there is a good chance to get in within a pullback.
Because major trend is bearish, good opportunity to sell
SGDJPY broke major support line in daily time frame, so support becomes resistance, I think this pair is now on pullback mode, after major support breakout, and projection of D point is just in resistance zone.
in H4 timeframe bullish trend is forming, I'm planning to buy a pullback, I hope so) Good luck everyone!