GBPJPY

4 日前

1. Basic Structure of the Chart:
This is a 4-hour (4H) chart showing the price movements of GBP/JPY.
There are two Exponential Moving Averages (EMA) on the chart:
The blue line (EMA 50).
The yellow line (EMA 200).
These EMAs are used to identify the trend direction and momentum of the price.
2. Gartley Pattern (Harmonic Patterns):
The chart features a Gartley harmonic pattern, which is formed between the points X, A, B, C, and D.
This pattern predicts a potential price reversal at point D, which is highlighted as a potential target zone.
3. Fibonacci Levels:
The Fibonacci retracement and extension levels (e.g., 0.739, 0.567, and 0.734) are marked on the chart.
These levels help identify possible reversal or continuation zones for the price movement.
4. Potential Price Direction:
A red line is drawn, showing the anticipated bearish movement (price decline) toward point D.
A green zone is also marked, indicating a target area where traders might take profits if the price moves as expected.
The price currently appears to be in a bearish trend, as suggested by the descending triangle pattern and lower highs.
5. Trendlines (Support and Resistance):
The chart has two trendlines:
Resistance line (upper boundary of the triangle), which limits upward price movement.
Support line (lower boundary of the triangle), which holds the price from falling further.
The price is consolidating between these lines, and a breakout below the support is likely.
6. EMA Analysis:
The price is below both the EMA 50 and EMA 200, signaling a bearish continuation.
If the price remains below these EMAs, it indicates that sellers are in control, and the price may decline further.
Conclusion:
This chart suggests a bearish continuation, with a high probability of the price falling toward point D. Pay close attention to the Fibonacci levels, trendlines, and EMA positions to make informed trading decisions.

3 日前

トレード稼働中

Entry 2 has started; it is a second chance worth taking advantage of.