GBP JPYGJ will decide according to the performance of US dollar and Japan Yen. so i am not taking any position on GJ now. but watching for a move. mostly it will go up with Inverted head and shoulder pattern.
GBPJPY.P trade ideas
GBP JPYMost possible chance for making inverted head and shoulder pattern. if it so, then Main resistance is important for BE or BT.
GBP JPYIF GJ breaks the trendline and strong resistance, then it will run for long.
waiting for a confirmation of BT. if BE happens, then look for short term SHORT.
BEST SELL OPPORTUNITYMARKET IS IN DOWNTREND
IT BREAK THE TREND LINE AND MISS TO FORM A DOUBLE TOP
NOW MARKET CREATING LOWER LOW
WICK REJECTION ON 4HOUR AND 1HOUR AS WELL
sell when it break the structure low
GBPJPY SELL - PRICE ACTION GJ SELL - Price action based confirmation entry . Maximum probability to reach target ... One Pair Enough to Ful Fill your requirement
A GOOD RISKREWARD TRADE IN GBPJPYSELL CMP 152.678 SL 153.984 TP 148.770
DONT RISK MORE THAN 1% OF YOUR ACCCOUNT
NOTE :- GIVEN TRADES ARE FOR FOR EDUCATIONAL PURPOSE ONLY. TRADE AT YOU OWN RISK
GBP/JPY Short.On both the 2H and 4H TF's, GBPJPY has been in a downtrend respecting the levels of the descending channel shown.
Currently, I am looking for short entries, following the trend and following bearish divergences on the RSI.
Price may still break above this level, hence my hesitation.
Drop opinions below.
