GBPJPY according to previous history can move further upside but then it will definitely move downward as mentioned in the chart. Do your own research before taking any decision about short or long.... As per my calculations, you can take short entry @ 165.750 and TP1 @165.250 TP2 @164.700 TP2 @164.000 SL @166.300
THE PREVIOUS IDEA WAS DISRESPECTED BY THE MARKET AND THE RESISTANCE WE EXPECT TO WORK WAS BROKEN AND TURN INTO SUPPORT HENCE WE ARE BULLISH WITH GBPJPY 4H TM. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and...
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Hello guys this is the more detailled and updated version of my idea. I've also executed this position with a small lotsize of 0.40
Goodmoring to all London session traders! There is a break out on the 15 Min TF, JPY is growing strength since USD is going down a lot of companies and investors are moving their money to JPY since in the long term this will be more viable for them aswel. We might see a downfall of GBPJPY to about 160.700 - 160.040. Please leave a comment in the comment section...
We forecasted GBPJPY, that we want it to react from the Orderblock area. Also we projected price path where we wanted price to create a short term high than break it to reach the OB, and the market did what we expected. Currently The Trade is Running 138+ Pips with 1:1.6+ RRR!!
Setup Contains: 1. Extreme Mitigations 2. Break of Structure 3. Return To Orderblock (Expecting) FOLLOW PAFX & TRADE LIKE BANKS 💸
Get ready for the huge bearish momentum. Wait for the setup. !Happy trading
if the GJ break the level 161.970 then it ensure the more downward movement. !Happy trading
GJ is still in bearish trend, it should go down more. Happy trading!
Hello traders, GBPJPY is now in strongly bearish trend it is projected to reach last stop at 156.380. Happy trading !
An ascending triangle pattern is forming, let's see it's next move !Happy trading
GBPJPY look forward to continue its bearish trend.
A big move in downward direction may continue. Use proper risk management !Happy trading
GBPJPY Short, because of support, resistant, trendlines and candlestick pattern happy trading day guys
GBP JPY has a potential short trade in play. The market levels are key demand and supply areas where price is likely to react and turn around. Now that GBPJPY has retested the highs, there is likely to be a pullback to grab liquidity.
After touching the daily resistance, market is bounce back so use proper risk management. !Happy trading
A flag pattern appears in higher timeframe. It may continue its trend. Use proper risk management. !Happy trading