Gbpjpylong
GBPJPY LONGHey there!
I marked out 1H Order Block and 15 Min Order Blocks Yesterday Night and i forgot to Publish....Sorry For that!
The trade is still running with profits And you can still take a trade with stop loss below the recent swing low and target at Daily High!
Let's see how my idea works!
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Let's Have a wonderful Trading week!
BOOM!!!
GBPJPY - LONGDESCRIPTION
The counter GBPJPY forms an ascending channel. The counter's prices moving between the top and bottom line of the channel from 18th January. The formation of the ascending channel indicates the counter is in a bullish mode. The price is cumulating near the top line of the channel for the past 24hrs. Since the price didn't break the topline, the bullish mode may continue further. Even if it breaks the channel, the price may move even more upwards. Ultimately long is more suitable for this condition. The upsloping movement of the MACD curves gives additional support to the description.
The major levels for this counter is
R2 –143.91
R1 –143.47
PP –142.83
S1 –142.39
S2 –141.75
GBPJPY 4HR LONG PROJECIONHello Trades, Welcome back to another GJ analysis.Overall bullish trend, so positively our buy entry shall give us a good result.Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
GBPJPY LONG TRADE SETUPThe 4 Hour right is up against 126.54 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
gbpjpy longon monthly priceis ranging between monthly midrange zone and lower monthly zone.....price is in exortion mode...the cycle is push-exortion...meaing mnthly retesting!on 4hr market is in downtrend..their is an exortion mode... and lso double bottom formed......hope u guys lyk this idea.....there is lot more to explain but i can't explain it by typing sry.......