Dear colleagues, the price is currently within a triangle pattern. I expect the price to reach the support area at 1914.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURJPY Sell Stop :122.349
SL 122.785
TP 121.475
RR 2
// DISCLAIMER
This explanation is only my personal opinion only.
Trading financial markets involve risk and is not suitable for all investors.
I am not responsible for any losses incurred due to your trading or anything else.
I do not recommend any specific trade or action, and any trades you decide to take...
Update of Previous Analysis
01 . Overall picture - Up trending on Monthly TF
02. GBPNZD is moving in an Uptrend by forming
higher highs,
higher lows in the weekly time frame chart.
03. double bottom
confirmation on daily TF
04. Trendline
Breakout on 4 HTF
Bat pattern in black.
Gartley pattern in blue.
Good resistance indicated by the black line.
Increased risk/reward.
Short this now with profit targets indicated by green boxes.
In the first part of our chart you can see the bearish trend of our pair. When the price create a new lower low then we draw fib retracement levels. The price is bouncng on the 38.2% level so we think that it might be a good level for pushing the price down again. Then the price is starting to move lower.Then we can use fib extensions in order to determine our...
