elio92

elio92

Trendline that connects these 3 points has been broken in weekly time frame, I'll show in next idea the zones involved in this break and how we can find sell opportunities.

elio92

gbpcad 4h buy

elio92

HCH in WEEKLY, in D has created an uptrend that has reached a supply zone, expecting a break of the trendline to trigger the sell

elio92

Break and retest of LT in daily, expecting in minor tf patterns to trigger

elio92

Break and retest of LT, and double Top in Daily, almost 400pips or fall, wait for minor tf to trigger

elio92

Wait for breakout of down channel and pullback to buy

elio92

Price is reacting 0.94160 as support zone, that is also a third touch of uptrend line. Price could reach the downtrend line again. RSI shows divergence in 4h that means the bearish momentum is getting weak or is finishing. I expected to break pennant up to buy.

elio92

HCH Pattern and break of uptrend, expecting retest to the important fibonacci's area

elio92

Wait for retracement to broken zone and continue bullish momentum

elio92

Wait for retracement to 61% to sell

elio92

Third touch of LT, Reaction on fibonaci's 61.8% level. Support zone and bullish structure, wait for pattern in lower tf to set the buy

elio92

Wait for the retrace reaches de golden area of fibonacci that matches with broken zone that needs to be retested, this is considered a good confluence, besides the break and retest of uptrendline and touch of down trendline,

elio92

We can see a Breaking of down trendline, triple bottom and then Higher lows that may create an ascending triangle pattern, if it breakes over, we must expect a pullback to set the buy.

elio92

Expecting to retrace until 61.8% / 70.50% fibonacci area that matches with a zone broken without pullback, so it should be retested before continue the bearish momentum, Otherwise the 50% of fibo could be another zone to end the retracement.

elio92

Waiting for retracement to 61,8% / 70.5% of fibonacci, touching of the downtrendline and reaction in the zone as confluences to sell until the target as shown.

elio92

Possible movement of eurjpy in following days

elio92

Posible movements for eurjpy in following days

elio92

Potential drop if it breaks completely the trend line in D, besides the HCH that is almost done, only break and retest of neckline is needed to confirm the short position, 1000 pips of fall is expected after the bearish momentum.