So my last short view on GBPUSD was wrong. We didn´t break the trndline to the downside and in exchange we broke the trendline that was going to the upside. Took a 1% loss. But now that we have a clear break to the upside, now I see the ABC legs and I expect the D leg to be reached in the weekly trendline which is also the -.27 fib. Let´s see what happens....
USDJPY retested the daily trendline and was rejected, now with the downtrend continuation, I expect it to break to the downside, down to 110. If im wrong, ill be stopped in the last high made in the downtrendline. Price hasnt break so it still has a risk of not breaking. But risk is low and reward is gigantic! Trade safe with good risk management! Great...
The pair closed inside the trendline in the weekly timeframe, I draw the 4hr channel and will be waiting for channel to be broken in order to be back long! :) Trade safe, regards!
Entered a little late, but the triangle formation was broken to the downside. Let´s see if we can get targe 1
Bullish: breaks to the upside to the weekly trendline and we wait for the trendline retest to buy Bearish: Breaks the inner trendline of the channel and test the lower trendline of the channel
The pair has tested several times the previous daily resistance and now we have a retest of the broken trendline. I expect a breakout to the downside, let´s see how the trade works. Risking 1% of my A.V.
Looking for price to see if it bounes from the daily upper trendline to higher highs. If broken we can see a retest of the downtrend in the 0.618 retracement.