The GBPJPY currency pair has been attracting attention recently due to its notable price movements and trends. Traders are eyeing potential opportunities for short positions based on technical and fundamental factors that suggest a bearish bias. This analysis aims to outline the reasons behind considering a sell position on GBPJPY. A clear bullish trendline has...
Potential downside move... Previous daily candle closed as a bearish engulfing candle at a resistant zone ---------- Like, comment and follow for more juicy trading ideas
XAUUSD is on a pullback journey to 1919. If this pullback is successful, price will push down to 1909 and below ---------- Like, comment and follow for more juicy trading ideas
Like, comment and follow for more juicy trading ideas
Like, comment and follow for more juicy trading ideas
Like, comment and follow for more juicy trading ideas
I see a breakout and a retest confirmation 📉 --------- Like, comment and follow for more juicy trading ideas 💡
Price broke below the trendline and also respected the immediate resistance level. We expect price to push down if it does not break and close above the resistance level --------- Pls like, comment and follow for more juicy trading ideas
This guy moved in a ascending chanel from 1.81000 - 1.91500. We waited for price to break the ascending chanel so the bears can come in and go short... Guess what!!! It did! Now we need a sell confirmation👍 Hmmm price retracement would be a good confirmation. If this guy plays his retracement cards well and respect the immediate resistance level, we could see...
The above code shows the potential move for BTC ,hence supported with descending triangle and the trendline as a tool of support.
looking towards the daily time frame and the four hour time frame will clearly and no doubt let you know that gold will hit back to 1813.42 dancing and wiggling within 1834.59 to 35 36 37 then any moment from these expect heavy micro fall back to 1821.00 below yeah! SELL@1836.59 T.P @1825.71 S.L@ 1842.83
There is a probability that XAUUSD is going to hit the trendline is been creating making of a big triangle since 2th NOV 2020 i project it could hit the 1855 before declining back to 1800 in respect the maintaining the Triangle. Tho there are two projections but currently the probability of hitting the 1855 is higher since it didn't break the long support from FEB...
trendline touch and continuation to de down side...........possible shorts on 4hr timeframe
Price is currently in a descending triangle . There is also a head and shoulder pattern formation underway which confirms a trend change is about to happen. Price is currently on the temporary support level . Wait for a retest of the downward trendline for your entry or a break of the neckline.Use the fibonacci retracement tool to enter at the 61.8% level. Never...