mightybullcapital

mightybullcapital

Head on shoulder pattern formed on gbpjpy daily timeframe. looking for trades on the breakout of the neckline

mightybullcapital

eurusd creating a ranging or consolidation phase as shown in picture. looking for trades on the breakout of the ranging phase with strong momentum.

mightybullcapital

if price breaks the previous low of 1871.38 with further bearish move, then price might continue to make new lower low

mightybullcapital

gbpjpy found strong support at 162.379. if it respects this support then price might push up

mightybullcapital

waiting to see if gold respects the 1914.54 zone as its support zone to continue moving up to retest 1964.32 or if gold makes a break and close below 1914.54 support zone to continue moving to 1889.79.

mightybullcapital

if gbpjpy breaks and closes below 164.044 zone then might continue going down to the marked zone and gbpjpy respects 164.044 as its support zone then it could continue going up to retest 167.944

mightybullcapital

waiting for a breakout of the ranging phase of eurusd.

mightybullcapital

Price may retest zone 1 if breaks zone 2 then continue its bearish move to break zone 3 & since zone 3 is a pretty strong support zone with multiple retests on HTF, so breaking & closing below zone 3 will gain a lot of momentum for the price to go down further into next major support zone.