GBPJPY.1000.CFD trade ideas
gbpjpy free signalsthis will go 0 level reason for trade is fib 50 and for confirmation ma cross and bb middle band support and a normal strong support
remember you can take a trade if you have 2 confirmations for fib
gbpjpy free signalshey gouys
iam seeing a channel pattern in 4h and it has been broken so the market needs to complete and it needs to prove that channel brak is strong so it should go down and iam seeing an entry of support which changed into resistance later so its also called as bounce and the other famous tool called Fibonacci is proving that the resistance is maded and it is strong and the water ma which is 50sma is showing for the sells and iam seeing there is a hidden trend line so , guys from today iam going to give signals for swing trading use this for learning and earning
gbpjpy free signalsFOLLOW FOR MORE SIGNALS REASON = FIB, TLINE,RESISTANCE RISK ONLY 5% BRO, IF YOU LOSE DONT WORRY WE GOT ANOTHER
GBPJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down. Price dropped to complete W formation.
W > We saw an M formation and expected price to rise up to test the neck as our target. However price reversed short of our target from 0.5 Fib level on last bearish impulse.
D > Price is unable to break daily supply zone it created while dropping to create M formation. Neck of M is on top of supply zone where price is getting rejected at its lower end itself. Price made another attempt but faced rejection, created a double top. However price is also not able to break next supply zone now turned demand zone. Price is moving in a range of about 200 pips for past 4 weeks. We can look at targets after price breaks out from this range.
As per COT GBP saw addition of Long and closure of Short positions further improving net positions though still in -ve. BXY however weakened during the said week and ended last week in a Doji after strong buying pressure during start of the week. JPY saw closure of Long and addition of major Short positions reducing net positions further however N-R added few Long and closed major Short positions. JXY during the said week ended in a Doji but improved its position last week.
We must note that in month of June and July BXY made all bullish move while having negative net positions, this ride was because of weak DXY and not due to strength of BXY. Hence we expect a realtime correction to the downside soon for all GBP pairs.
4H > Price is dropping after facing rejection from supply zone. We will monitor price action for breakout from current range.
Currency Correlation > Price has positive correlation with GBPUSD, GBPCHF, GBPCAD, CADJPY and EURJPY and negative correlation with EURGBP.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
GBPJPY dips, halts at 0.50% retracement, followed by bidsSuggestion: BUY GBPJPY AT CMP 135.65 SL BELOW 134.90 TGT 136.80
ELSE
SELL BELOW 135 TGT 134 SL ABV 135.65
