GBPJPY trade ideas
GBPJPY: BEARISH3rd wave has started in GJ. We can expect the target for 3rd wave at least equal to the wave 1.
GBP/JPY: Approaching confluence level, what to do ? Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot + VWAP.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 60+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Trade at your own risk
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.85). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 136.00
TP2= @ 136.40
TP3= @ 136.80
SL= Break below S2
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GBPJPY ShortI'm looking for potential shorts for this pair from now, previously my bias was bullish thus had taken a trade and i think it'll hit my TP.
Now as we see there is a bearish rising wedge so we can expect a bearish move from now.
#keep_it_simple
#SS_Forex_Analysis
GBPJPY SHORT TRADE SETUPthe daily right side is down against 156.78. The 4-hour right side is up with a bullish sequence against 131.71. While above 138.20 where the hourly right side is up with a bullish sequence it can see a swing higher toward 147.38 before ending the cycle up from the March lows
Sell @140.90-141.10
TP: 140.10
Sl: 141.33
Good luck !
Bear Flag - SellPrice is forming a bear flag. Hence looking to enter short
Thank you to all those who have sent me private message and been following me.
Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators.
And started to earn good profits as I have told you on what to do.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
Comment below / DM me in case if you need to know how to do it if interested.
Falling wedge - BUYPrice has clearly formed a falling wedge pattern and looking to enter LONG.
If you notice yesterday the price was impulsively going short but that was clearly only to take people at the wrong side of the market before shoot up.
Because seeing the heavy momentum to the downside people will think price is continuing lower.
But a professional trader knows that this is only to get people at the wrong side of the market by hitting their stop losses and then continue going long.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
