Gj Reversal Zones

[bigbax699]

A lot of pairs not in nice places at the moment. But we are still holding a couple of profitable positions. Head over and watch this week's video now. Like and a subscribe would be appreciated also

 

[SimonMatthews]

Cheers for the video, really helpful. Still not much action on GBPJPY so holding off any trades on this pair for a minute.

 

[TareqS]

The H4 chart shows that the pair has been bearish. It produced an ABC pattern. It may continue its bearish move until it find a strong level of support. The last swing low (159.500) may hold the price as a level of support.

 

[Glastonburyk]

The H4 chart shows that the pair has been bearish. It produced an ABC pattern. It may continue its bearish move until it find a strong level of support. The last swing low (159.500) may hold the price as a level of support.

Looking for entries

 

[ForexTus]

The H4 chart shows that the pair has been bearish. It produced an ABC pattern. It may continue its bearish move until it find a strong level of support. The last swing low (159.500) may hold the price as a level of support.

I like that level too as support. The round numbers do really hold some significance

 

[TareqS]

The price seems to have found its support at 186.800 in the H4 chart. It produced a Double Bottom there. However, the Bull has not created any momentum yet. The sellers may look to get a bearish breakout at the support to go short in the pair.

 

[ForexTus]

What time frame would you consider the strongest for a double bottom/top?

 

[TareqS]

The level of 160.850 may hold the price as a level of support. Traders are to keep their eyes on that level to find the pair's next direction.

 

[Glastonburyk]

The level of 160.850 may hold the price as a level of support. Traders are to keep their eyes on that level to find the pair's next direction.

Yep waiting on a confirmation.

 

[ForexTus]

Just in a massive range im waiting for a breakout. It is a really nice pair to trade once there's clear movement