pre market GBPJPY analysis - weekly and h4 chart



weekly chart
price is currently approaching strong resistance level...
the last time price reached this level, the battle lasted 7 long weeks...
a shooting star candle follows by a dragonfly MIGHT indicate exhaustion of bulls strength...

let us zoom down to h4 chart



i doubt the price will break upwards from the ascending triangle...
as it occurs in a downtrend move...
therefore, i will stay out of market until the price shows me the way.....

0 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.

Subscribe to: Post Comments (Atom)