GBPJPY Analysis November 14, 2021

We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.

Weekly: We formed a dojo last week after a large push to the downside in the previous week We should now be anticipating a pullback where we will look for more short opportunities.

H4: On the h4 timeframe we are starting to form a failing wedge. When this pattern forms after a large push to the downside it normally signifies a reversal. Once price breaks out of here we will target it to retrace up to the 155.00 area.