Hello brother, just be very cautious with this, you are counter-trending trading.
The pair is Bullish.
Scale-out timeframes to see it
Thanks for your tip bro, after that reversal it made a great expansion, it was from that same point I didn’t take it since it wasn’t in the set up, i dont see that
Hello again David, I made some annotations according to your analysis.
Please do not get me wrong, I’m only trying to help you.
You are referring at this point as a reversal:
Emphatically no. On h1 there are no reversals. 100% nowhere and never.
Same pair, this is a reversal:
This is how the reversal should be looking.
Also, keep in mind that this happened on Daily TF.
On Higher TF(Weekly/Monthly) we just had a correction, meaning, a Higher Low.
Never consider something for a reversal if is lower than a Daily TF.
Be safe, and good trading.
ohhh thank you very much for your teaching, it will always be well received, I am a newbie eager to learn
Hello brother, how are you? What do you think about this shoulder head shoulder pattern?
Do you think it is very close to the possibility?
Hello, I don’t trade patterns personally.
As I told you in the previous message, before you see a Lower Low on the Daily on a key area (meaning Weekly or Monthly resistance area) do not wait that is going to reverse.
Still extremely bullish on the GBPJPY, why you are even looking for shorts? Look for a spot that is likely to retrace, wait for a retracement and buy it .