will gbpjpy go down drastically?will gbpjpy go down drastically?
as we know that gbpjpy has gone up significantly and many traders have started hunting to find short positions, I see an interesting opportunity even though I don't look to the left further on this but there has been a support break and the formation of a supply area on the h4 timeframe provides an opportunity for a decline significant, and if there is a coch formation on a larger timeframe such as the daily then you can hold the current short position because it has the potential to experience a further decline
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usdcad fakeout master set up usdcad is preparing to form a fakeout pattern with three resistances and a fairly small fakeout area. I'm trying to minimize my area to get a good enough area. From the h4 timeframe I scaled down to the m15 timeframe and found a point that was quite optimal with low risk. enough to use SL only 20 pips with a high risk reward ratio of approximately 1:10
note : minimum risk and reward : 1:2
eurgbp potential bullish Here we see that there is an initial structure of trend change where there is a lower low and a higher high, so we can assume that EURGBP will have the potential to change from a downtrend to an uptrend. in this setup, it is enough from the demand zone and the target price in the supply zone, the closest target price if this setup is successful is 0.842 - 0.8435. don't forget to use stop loss so you don't stay safe
gbpcad reversal pattern on gbpcad I sort on a large timeframe to a small timeframe, I see great potential on the daily timeframe and the h4 timeframe, I shrink my area and find a pretty good reversal pattern, this seems quite interesting. I give the view that gbpcad will go down first towards the demand area at 1.631 - 1.629 to continue the increase towards the supply area that I have drawn, maybe it can be higher than before
nzdcad forex trading nzdcad is in a crucial demand area, in that area it can be seen that it has the potential to become the neckline area of the double top, but this is also a pretty good potential if it can become a buy area and the price will move towards the upper supply area and continue rising
gbpchf head and shoulders chart pattern gbpchf has the potential to form an inverted head and shoulders with the right shoulder being the same as the left shoulder, namely at 1.21995 the support timeframe h4 this is a good opportunity to buy with the demand area 1.21890 - 1.21991
don't forget to look at the confirmation on the small timeframe first
gbpusd fake out set up gbpusd has the potential to form a fake out set up, this is still wishful thinking, I think, because I'm still learning this method, it's a good idea to re-analyze this
1.33778 is a resistance area with a support area at 1.31605 , the price is expected to move up first and fall on fake resistance at least one time and make a fake out