The power of the ending diagonal and the major resistance. I notice the several reliable factors implying the direction of the GBPJPY, might be the time for the reversal trading.
1. (D1) Major reliable zone of resistance
2. (H4) Wide-formed regular divergence
3. (H2) Ending Diagonal pattern hits the major resistance
4. Price close under the trendline with the momentum
-------------------------------------------------------------------------------------------------------------------
Wait for the confirmation of the reversal to increase the probability of the analysis
1. Price breaks the interesting price with the volume and momentum .
** Identify the risks **
1. (D1) Major reliable zone of resistance
2. (H4) Wide-formed regular divergence
3. (H2) Ending Diagonal pattern hits the major resistance
4. Price close under the trendline with the momentum
-------------------------------------------------------------------------------------------------------------------
Wait for the confirmation of the reversal to increase the probability of the analysis
1. Price breaks the interesting price with the volume and momentum .
** Identify the risks **