UPDATEGBP/JPY Technical Analysis Idea
Potential Buy & Sell opportunity on GBP/JPY
PAY CLOSE ATTENTION TO PRICE ACTION
we have seen GJ been holding above (163.00) area
if we get a break & close below that area can open
room for potential sellers.
GBPJPY.P trade ideas
GBPJPY is showing bullish signThe trend is up making continuos
higher high and higher lows ,
also there is a bullish harami candle ,
it shows small correction is over .
THE BRITISH POUND THE JAPANESE YENMaybe we can see a REJECTION/PULLBACK from previous HIGH on #GBPJPY 1H
Wait for market to MITIGATE them entry for LONG.
Short On GBPJPY Sell Entry On GBPJPY
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Sell Entry On GBPJPY"
(1) Entry Price - 161.504
(2) Stop Loss - 162.364
(3) Take Profit - 159.010
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
GBPJPYThe GBPJPY pair has recently broken out of an ascending triangle, indicating that the bullish trend could continue. This is a bullish signal, suggesting that traders may want to go long on the pair. Before entering a long position, however, traders should make sure to analyze the current market conditions and place a stop loss order to protect their capital. Additionally, they should consider their risk tolerance, time frame, and other factors to determine the best course of action.
GBPUSD Short IdeaPath shows that Bears can take over in GBPUSD. Scalpers can take a sell call with SL at 163.502. with trailing SL or 2x TP.
GBPJPYPrice approach at important key level and area of value so we expect price go down always trial your Stoploss after 1:1 risk reward ratio reach
GBPJPY the Most Accurate PredictionBased on,
1.Economic strength of the currencies and how it impact on GBPJPY.
2.Current foreign affair and based on the budget release of the impactful countries.
3.Some of basic and accurate technical analysis.
4. Entries are based on S&R.
GBP JPY BUY setupI am buy on gbp jpy possible continuation bullish move. Breaked previous resistance 161.600 and closed above direction. Multiple rejection 161.200 major level expecting continuation.
GBPJPY SELL 1:3 R TRADEIam sell on gj looking 1:3 R simple trade .. retest previous resistance and rejection confirmation
GBPJPY Looking sell below direction I am looking to sell gj below 159.163 and expecting an liquidation of previous daily low. thanks
GBPJPY WEEKLY ANALYSIS 12/02/2023market is bullish side so go for buy only and sell for short term
if market tap on extrrem POI then go for buy side in lower time frame 1H is your lower time frame .
SELL GBPJPY SMC TRADEMitiagating 4H Supply zone and Creating 30 Min CHoC.
Retesting the Orderblock and creating liquidity.
Short On n GBPJPY Sell Entry on GBPJPY
Entry price , Target & Stop Loss all the details Available in Screenshot
Short On GBPJPY Sell Entry on GBPJPY.
Entry price ,Target & Stop Loss all the details Available in Screenshot.
win trade in GJ in Pre London SessionTaken sells in GJ , an impulse entry with high confirmation in 1H timeframe, played out well
Loss trade in London session ( GBPJPY)Taken GJ buys in london session for the price to push through the range with london open volume, but not played out well.
