Overall bullish flag pattern but pullback trade opportunity shown.
Gold is in a channel and showing exhaustion - as long as this channel isn't broken then it will proceed down in the corrective manner
short swing based on exhaustion wicks, zone touch and chart patterns
AJ is in a channel - keeping an overall bullish trend but abiding waves.
My previous idea showed a downward bearish breakout of a overall bearish channel on 4HR, combined with EMA Close on Daily Timeframe I thought a bearish move was guaranteed. On 4hr, market has respected the Daily TF trendline. It would be interesting to see how this will break out. Disregarding the EMA Cross and focusing entirely on chart patterns, Market should...
See previous published idea for detailed explanation of GBPJPY in each timeframe. Daily: Show bearish momentum 4HR: Channel breaking to downside to nearest FTR zone
Daily: Descending trend line, showing rejection touches 4HR: Counter Trend Line rejection