GBP🇬🇧/ JPY🇯🇵 almost impenetrable support for the Dragon
Starting from graph 1W we see that the price has reached for the third time a level of strong support.
Scaling the timeframe for example to 1D shows that the contact points are many more (yellow darts).
However the price is on this level, so you can expect a new jump.
I highlighted on the graph the maximum of February 2018, you see however that it was not broken drastically.
However there is a bullish background for this pair, seeing the three most recent maxima if he also sees that the various movements have always marked a new maximum, even if technically the next HL has always been the same level of support.
After this preamble the time has come to look more closely at the situation in the updates of the idea.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
Scaling the timeframe for example to 1D shows that the contact points are many more (yellow darts).
However the price is on this level, so you can expect a new jump.
I highlighted on the graph the maximum of February 2018, you see however that it was not broken drastically.
However there is a bullish background for this pair, seeing the three most recent maxima if he also sees that the various movements have always marked a new maximum, even if technically the next HL has always been the same level of support.
After this preamble the time has come to look more closely at the situation in the updates of the idea.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
Комментарий:
Moving to a graph of 8H you can see a sort of pattern "Head and Shoulders", famous reversal pattern.
The second shoulder has already formed, an additional confirmation for the long entry could be the rupture of the "Neck line".
The second shoulder has already formed, an additional confirmation for the long entry could be the rupture of the "Neck line".
Комментарий:
As you can see the last 10 days were almost always within a consolidation area.
A couple of movements broke this area, but having never created a retest and the fact that they immediately returned to that ranging zone can be considered "Fakeout".
A couple of movements broke this area, but having never created a retest and the fact that they immediately returned to that ranging zone can be considered "Fakeout".
Комментарий:
Price is still in the range but it can't brake the support.
Комментарий:
Price leave the consolidation zone after 15gg -> expected great momentum.
Комментарий:
Nice 400 pips move right now on this pair as expected.
Комментарий:
At 1W chert is forming a really nice bullish candle.
Комментарий:
In the last 10 days moreover sees that the price has decidedly lost momentum, remaining in a medium range of 130 pips (extending however to the maximum in a range of 200).