GBPJPY trade ideas
GBP JPYUpdation:
Looking for a buying opportunity in GJ.
Price is retesting from major support zone and also still continues in uptrend line.
waiting for a clear price action
use proper risk management
Thank you
Long - GBPJPYLong position in GBPJPY (Scalp Trade)
Entry above 151.2
TP 1 - 151.5
TP 2 - 151.7 - 151.9
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SL - 151
GBP/JPY is showing bullish trendIt is respecting the trendline so you can buy it from here or after the breakout of one more trendline.
GBP JPYGJ is in crucial price. touched in major support zone. may be making a inverted H&S pattern or rested to go down.
wait for a price action.
GBPJPY another winner (100 + pips)Based on previous analysis of GBPJPY the trade was opened and performed insane 📉
still running with 100+ pips more counting!
This is the 3rd winning trade in 1 week of my analysis
FOLLOW FOR MORE!
ALL THE BEST!
ASIANFOREXBased on fib retracement and trendlines its retrace level last week we seen bearish still we are in bearish trend
GBP/JPY Clean market structure respecting key levels
Expecting rejections from Minor zones for continuation
Look for a potential reversal if it breaks 152.5
GBPJPY Channel FormationSell GBPJPY
Things to consider:
1. Channel formation on daily timeframe
2. According to COT data GBP is Neutral and JPY is shortening
3. Down Momentum Started
How to enter:
1. Sat and Sun is off so entry will be done on Monday
2. SL - 152.6 TP - 150
3. Follow my analysis
ALL THE BEST!
GBPJPY Head & Shoulder Formation (Weekly)Head and Shoulder pattern has been formed on GBPJPY on weekly time frame.
The price is most likely to move down from the neckline.
Things to consider:
1. Weekly Head & Shoulder formation
2. Monthly Resistance
3. Latest COT report - GBP "Neutral" & JPY "Short"
How to enter:
1. Follow the analysis that i have made
2. Locate all the important price areas
3. Entery should be taken in 4 hr timeframe
ALL THE BEST!
simple Setup!Message me to learn 1 to 1!
GBPJPY 1D TF
GBPJPY is in the process of making a head and shoulder pattern,
Thus a nice entry can be taken once a red candle is seen,
A break of trendline is also seen and we can expect a downward move now!
If the re test is successful an entry can be taken
However be aware of the supports at the 149 level!
RR-4.6
Possible Pips-7.1
GBP JPYif it break the strong resistance area, then it will go for long run. Already GJ in uptrend line.
Use proper risk management. Thank you
📚Learn More💰Earn More - Inverted Head and Shoulders in GBPJPY📚 LEARN MORE
💰 EARN MORE
Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end.
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal.
The pattern is confirmed once the price breaches the neckline resistance.
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order above the neckline.
TARGET:
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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BEST SELL OPPORTUNITYprice is respecting trend line
price break the trend line
it create triple top pattern
wick rejections at key level
ENTRY; AFTER BREAKING STRUCTURE LOW(BLACK LINE)
