n the context of GBPJPY, the price has successfully reached a significant weekly supply level. Concurrently, on a lower timeframe, a discernible pattern has emerged. Given the absence of evident momentum signaling a sustained upward movement, a cautious decision has been made to initiate a trade. The current price action appears to be forming an ascending pattern,...
In the context of a EURUSD continuation entry strategy, the price action has exhibited a consistent pattern of higher highs (HH) and higher lows (HL), indicating an established upward trend. Presently, the price is nearing a recently formed demand zone, which holds the potential to function as a resistance level. This resistance could serve to propel the price...
for a long time we have seen the price in an uptrend and in the recent days the price grew making this retracement possible to continue with its trend if you look at this chart you will see what I am talking about.
The EUR/USD pair showed an uptrend but failed to break the previous high and instead broke the previous low, indicating a potential trend reversal. Considering this, a trader might choose to enter a short position at a fresh supply zone, anticipating further downside movement. However, it's important to use additional technical indicators, fundamental analysis,...
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so today i was waiting for a short term sell signal and i saw this pattern, head and shoulder so i executed and the target is at the unmitigated demand zone lets wait and see how the price racts about it.
After the price touched the previous daily high it was creating ascending channel that indicates a down move, Now am waiting for the price to move back at the fib level and go down with it.
