GBPJPY Breakeven tradeAnother breakeven trade in NY, It has been a hard day for GJ..too volatile, no significant volume so far
JPYGBP trade ideas
GBPJPY BREAKEVEN TRADEA breakeven trade to start the day, not a high probable trade even though the HTF's are bullish because of the ugly range at left
short GJH4 demand and one hour strong resistance. It forms like a head and shoulder chart pattern and i believe that price is gonna flood down.
{GBPJPY GOOD SELL OPPORTUNITY}Get ready for the huge bearish momentum. Wait for the setup.
!Happy trading
GJ ANALYSISConfluence:
1HR unmitigated demand level/ support area
3 push down completed cycle
support from 100 MA
OVerall uptendin HTF
GBP/JPYRSI is making a hidden bullish divergence as price is making a higher low but RSI is making a lower low. Price is trading above 60 RSI levels in Weekly chart, and in 4 Hr chart RSI is gaining momentum,
GBPJPY sells in pre NYTook GJ sells in pre NY, loss trade of -13 pips and -1% loss, no chance to manage
GBPJPY buys in pre london sessionAnticipated prelondon volume comes in after making a nice bottom wick, It formed a support , as higher timeframes are bullish
GBPJPY Short ProjectionSetup Contains:
1. Daily Liquidity ✔
2. HTF Point Of Interest
3. Break of Structure
4. Return To OrderBlock (Expecting)
FOLLOW PAFX & TRADE LIKE BANKS 💸
Breakeven trade in NY session in GJToday, I have taken breakeven trade in GJ, as the volatility is really hughe, managed quiet aggressively keeping left side ugly range in mind
{=POSSIBLE PROJECTION OF GBPJPY=}GBPJPY is building a nice bearish structure in future it is expected to be bear. Wait for the right setups
!Happy trading
GBPJPY Long predict Trend reverse from the trend line and match the FIB 61.8 so we can expect some more possibility to go UP
GBPJPY trade todayToday taken a trade in GBPJPY on london open...secured +20 pips and runners running
Can show a downward movement .Sell Entry here .
SL -
TP -
This should be a downward movement as the trend high is touched and started reversal
{=GOOD SELL OPPORTUNITY IN GBPJPY=}if the GJ break the level 161.970 then it ensure the more downward movement.
!Happy trading
gbpjpyAs per the technical analysis , we have witnessed a "Double Bottom" pattern formation in Adani Ports Ltd. on a daily time frame with the neckline just breached on . it is expected to face a rejection in coming week as it is approaching it's 200 day and 50 day moving average. Also the volume leves were decent enough on. There could be 2 trading opportunities in this trade
1. One may enter at current levels as we have just breached the neckline with decent volume levels. (Liitle risky)
2. If it goes above the neckline in the coming week, one may wait for a retest of the neckline level which will provide some extra confirmation. (most preferrable)
The above analysis is just for educational purposes only. Investors / Traders are required to do their research before entering into any position.
{=GOOD SELL OPPORTUNITY IN GBPJPY=}Hello traders, GBPJPY is now in strongly bearish trend it is projected to reach last stop at 156.380.
Happy trading !
{GOOD BUY OPPORTUNITY IN GBPJPY}Hello traders, GJ now turned to bear, retracement of market at 169.695 level is expected.
Happy trading!
