Posting this one a bit late. Opened a short on the second test of 61.8% which lined up perfectly with the 4H trend line. Targeting 139.750 but will most probably see it come much lower. Second target of 139.000.
i want to wish you a nice weekend by offering you these two harmonic patterns (one is almost complete) on GBPJPY.
Stops below X, targets at 382 and 618 retracement of AD leg.
If you want to ask questions, feel free to write them below.
Otherwise, see you in the next chart!
We are currently at the top of a key trend line/resistance within a triangle, we have already passed the key fib levels that would lead to a retracement and possibly a sell opportunity. There is also major hidden divergence that could suggest a strong continuation out of the trendline. However, this needs to be supported by a strong candle close outside of the...
another analysis today that i want to share with you. Here we are on GBPJPY and you can see that we are up against a previous daily structure level on the left hand side of your screen.
In cases like this i start looking for some shorting opportunities in lower timeframes, such as 4hr chart. On the right hand side of the screen you can see price is right...
Disclaimer: This post is not a trade signal.
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