GBPJPY
Bias: BULLISH
Here's why,
- 4H TF Double Top forming @ 162.650
- I predict price will pull back from 162.650 to 161.390, which is 50% FIBS level
- Once price hits 161.390 and pulls back, we will have an inverted head shoulder pattern on the 4H and 1H TF confirming bullish movement to upside
- After the retest of 161.390, my bias is bullish to DS level at 163.700
- If price doesn't pull back to 50% FIBS level, I would like price to break 162.650, then retest and continue to DS @ 163.700
I am not a trading GURU. Just my analysis!
Feedback is greatly appreciated!
Happy Trading!
Here's why,
- 4H TF Double Top forming @ 162.650
- I predict price will pull back from 162.650 to 161.390, which is 50% FIBS level
- Once price hits 161.390 and pulls back, we will have an inverted head shoulder pattern on the 4H and 1H TF confirming bullish movement to upside
- After the retest of 161.390, my bias is bullish to DS level at 163.700
- If price doesn't pull back to 50% FIBS level, I would like price to break 162.650, then retest and continue to DS @ 163.700
I am not a trading GURU. Just my analysis!
Feedback is greatly appreciated!
Happy Trading!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.