Hey Guys! Hope this has been a great week for you all! As we have seen a strong bullish push on GJ, Hence am expecting the price to push more further to 137.00 by the week close. There was good retest at current support level. Hence we can enter this trade now
Trade Setup summary: Profit targets=1445 pip (70+ 145+ 290+ 415+ 535) Stop Loss =400 pip Reward/Risk > 3.6 : 1 Current Status: Total Profit: 650 pip Closed trade(s): 215 pip Profit Open trade(s): 435 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 134.35 based on 'previous Forecast' at 2020.07.17 : Open Profit: Profit for one trade...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (135.1). 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. ....
wait for break of support .....wait fr retest to go long
Dear traders, Have a great trading week ahead, Pound against Japanese yen, have been trading sideways in day chart and in 4 hr chart its trading in falling wedge pattern, previous resistance zone between 133.750 to 134.150 area now act as a support zone , this week price expects to favour bullish moves upto 136 from technical perspective..when fundamentals...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (134.35). 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. ....
you need to approach the market with a clear mind and better understanding
Hi traders, Have a great week ahead, Pound against Yen, is trending upwards towards the resistance of 134.400 and the support of 134.870 in the starting of the week, and expecting the trend will be bearish till the major resistance of 133.600.. Note- Weekly price action analysis based on technical..movements subjected to change also
BUY if price tests support and hit 144.794 SELL if price breaks support and reach 134.402
Hey Traders, Welcome back!Hope you all are doing well. As we can see GBPJPY is in a upward trend, the price shall make a move back to current support level for a retest and then we can enter the market in buy side for a good Risk Reward Ration of 1:4 .
Watch out for GBPJPY price is currently at equilibrium. There a FVG right above 61.8 retracement where our OTE resides. Look for price action in that region for a strong down move.
Learning how to mark up my charts by finding higher highs and lower lows and trying to find a trend. Please look at it and give me some feedback!! always learn from others!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (134.75). 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. ....