wookyu2001

wookyu2001

The price was ranging since December 2020, and recently broke a key support level indicating that the price is going to be decreasing. I expect the price to retest back to the previous support it had broken, then decreasing further down till the next support level as the grey path shows. Or instead of retesting back to the support the price would just fall to the...

wookyu2001

From the weekly and daily time frame i can see that the price is in a uptrend as shown by the light blue trend line. In the 4H time frame I can see that the price respects the pink ascending channel as shown by the golden ellipses drawn at the intersections. I see that the price has broken the lower pink trend line indicating a possible trend line breakout. As...

wookyu2001

From the daily and weekly time frame I can see that the price is in a downtrend respecting the red descending channel and the red trend line. Within the red channel in the 4 Hourly time frame the price is in a downtrend following the light blue trend line. In the Hourly time frame the price broke the purple trend line and retesting back to the trend line...

wookyu2001

In the weekly and daily time frame I can see that the price is in a downtrend. I can see that the price is respecting the pink trend line and the interacting points are shown by the golden ellipses. From the hourly time frame I can see that the price has broken above the Dark Green trend line, bouncing back to the trend line and then increasing to a resistance...

wookyu2001

I can see that the price has broken the green trend line forming a reversal and heading in an uptrend. After the reversal the price creates a new ascending channel respecting the purple trend lines as we can see that the price has interacted with the trend line by golden ellipses. In the 4 hourly time frame i can see a double bottom pattern forming indicating...

wookyu2001

can see that in daily and 4 hour time frame (HTF) that it is an uptrend respecting the green trend line in the big picture. In the hourly time frame (STF), i can identify a ascending channel/ uptrend by drawing the pink trend lines. i can see that the price has interacted with the trend line multiple times as identified by the golden ellipses which states that it...

wookyu2001

can see that the gbp/jpy is respecting the green trendline on the one hour timeframe. If the price fails to break the resistance (rejects) i expect the price to touch the support zone ( the yellow triangle) and then bouce back up till the resistance. However if the price manages to break the green trendline and testing the resistance, i would expect to go long...