trend line /parrallel channel following as of past price movement is respecting the trendline and i forcasted a path of price movement
GBPJPY.1000.CFD trade ideas
GBP/JPYlevels are marked on the chart it looks bullish for a while
and then it approaches a supply zone along with gann fan induced resistance and a harmonic PNZ area
once can take a risky long until the supply zones because markets usually always go to places where there is a lot inequilibrium an resting liquidity
💡 Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (138.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 137.9
TP2= @ 137.6
TP3= @ 137.15
SL: Break Above R2
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GBP/JPY LONGRed(H4) Support zone
Yellow (daily) Resistance Zone
Price has not been broken below 139.510
If it maintain that level we will be going for long.
GBPJPY Potential Buy zone As per harmonic pattern potential buy zone is near 137.50- 137.80 with SL 137
GOING SHORT ON GBYJPY ON WEEKLY CHARR( WEEKLY WOW TRADE)AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL.
THIS ANALYSIS IS SOLELY FOR THE PURPOSE OF TUTORIAL.
IF ANYONE FINDS ANY MISTAKE FEEL FREE TO CORRECT ME.
GOOD LUCK...
gbpjpy price is currently following the uptrend line and is retracing till support line to then continue the uptrend to reach resistance zone
GBPJPY APPROACHING DEMAND ZONE !!!1) Wait for the price to reject at the entry range and take long position accordingly
2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION .
3) May wait for trendline breakout and retest for more confirmation .
4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your positions accordinlgy .
GBP/JPYDAILY CHART
SUPPORT ZONE(YELLOW)
Let see if this support zone is being maintained.
But we have to careful for the weekly closure(long wick).
GJ Gonna drop bad! GBPJPY is moving upwards with lower highs and the RSI is making higher lows which is a clear indication of selling pressure dominating the market. Hope we get to see this kind of clear trades more often!
NO GET RICH QUICK POLICY BUT SHORT SELL IS THE KEY!
GBPJPY ShortTimeGBPJPY SHORT SELL DONT MISS IT
i follewed certain rules.
its educational purpose only.
#GBPJPY #CopyCat Forex
!!Trust Fibo, Trust Trade!!
GBPJPY SHORTGo short below the trendline.
Please like and follow for updates and other trading ideas.
GBPJPY ShortClearly noticed gbpjpy its sell position
i follewed certain rules. its educational purpose only.
#GBPJPY
#CopyCat Forex
!!Trust Fibo, Trust Trade!!
GBPJPY LONG 4hrClear buy as the price has come to strong level of support
Entry 137.90
Sl 137.50
Tp 139.45
gbpjpy free signalsflipyourmoneytosky follow for more information this post is for you to make a note that you should not take a buy oppurtunity
