SIMPLE HEAD AND SHOULDERS MARKET STRUCTURE PATTERN. IM BEARISH FOR CADJPY BECAUSE WE CLOSED UNDER THE NECKLINE ( SUPPORT ) ON THE DAILY TIMEFRAME. BEFORE ENTERING YOU CAN WAIT FOR A RETEST OF THE BREAK OF SUPPORT. THE NECKLINE OF OUR HEAD AND SHOULDERS PATTERN IS ALSO MAJOR SUPPORT ON THE DAILY TIMEFRAME.BEFORE ENTERING YOU NEED TO SEE PRICE BEING REJECTED BY THE...
We Got The Retest Of Trendline And Close Below The Higher Low For Confirmation Of Change Of Trend. Price Closing Below 1.28600 Will Be A Plus But I’m Selling GU And Been In Profit. We Also Have A RSI Bearish Divergence And Break Of 20 SMA. #forex #londonsession #gbpusd #mt4 #priceaction
USDCHF has broken the bullish trendline on the 4hour chart. I believe this pair is going to break and retest the trendline before continuing the bearish force. The RSI also has a reading for a correction of the bears move which would be the retest i am analyzing to occur with a reading of around 35.30. Furthermore, There is a bullish divergence on the 4 hour chart...
