Gartlet Pattern is Almost Complet with Good RISK REWARD Trade With Plan !! Have a good one
pound yen looking long. It has developed some bullish movement lately and a double crossover on the daily stoch above the 80 mark which historically continues the upward trend.
Day chart: Yesterday's big red candle indicates short bias on this pair. Price may keep going down to test 1.6800 support. 4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.
Ichimoku 1 hour chart for GBPUSD : The LS is in the cloud and price crossed the cloud while downtrend through a thin part of the cloud, and now price is under the TS. Will LS encounter a resistance of the SSA line of the cloud => That would induce a bouncing of the price on the TS and confirm a bearish trend. If not = If LS can get over the SSA line of the cloud...
Monthly candle broke trend line. Long from here to target the retest. Look for daily PA in green box for shorting.
in my technical view GBPUSD going to UP, because GBPUSD have 2 Supports. also have Gartley pattren.. with Bullish Channel
Failure to capture above the 50% fib move will indicate further selling momentum. However, we will wait for confirmation on the break out from the steep triangle structure.