GBP/JPY short * 156 strong resistance level
* 1.618 XABCD pattern
* Weekly candle is HAMMER
* Bollinger burst on 4HR
* Head and shoulders pattern
* short more below 155.500
*156-155 is a strong polarity point
* ADX crossed 25
JPYGBP trade ideas
GBP JPYLooking for a short on GJ.
If it breaks the the lower trendline of uptrend and strong support zone, we will take a short trade on GJ.
GBPJPY LONGVery Simple seutp here
GBPJPY we will be looking for a retest to the trendline and a continuation on our Bullish Bias
OPTIMAL ENTRY 152.000 area
OPTIMAL TAKE PROFIT 156.000 area
GBP JPYHit all our target.
i will update new analysis soon on GJ.
The important things which we need to focus is all about risk management and emotional level to take or reject a analysis or a trade.
Thank you
gj good buy buy position its broke trend line it will come back to retest enter only after tetest entering before and without second conformation is always risky
GBP JPYGJ again in profit.
first time, it hits on trailing stop(in profit). again i enter with BE.
Use proper risk management.
Notice: There are false breaks out to confuse us about our trading. Be stay with your plan and gain.
Thank you
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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GBP JPYTrade is in profit.
Reason to take trade: inverted H&S pattern.
Use proper risk management
Thank you
(any questions regarding trading, feel free to message me)
GBP JPYGJ making inverted H&S pattern
possibility of Long (BUY)
BUY STOP
Entry: 151.280
SL: 150.642
TP 1: 152.598
TP 2: 152.867
TP 3: 153.309
GBPJPY daily chart 📈 As we know gbpjpy is in a channnel and this channel will be breaking to down side. before that we have to go up and test the channel high and all the way to down to 140 level, trade accordingly
Shorts on GBJPYAfter long time, again started the trades.
Expecting shorts after that big push on last week!
GBPJPY sell idea there is a big chance for short postion on GPBJPY after reachen the sell zone of shark harmonic pattern and we can see that the pair is breaking up the down trend zone and retesting the trend line
GBPJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... as I said a few weeks ago GJ made the 700 pips we announced and rejected from the target area number 1
Now, I expect a period of range and a retest of the trend line but at the first close even on 1 day below area 148 I will enter SELL until area 142
THIS WEEK...as I said in the last months ... GJ closes lower and lower and makes a range between my number 1 target and the trend line ...
I will try to trade in this area until closing even for 1 day above or below the area and then I will reanalyze the whole strategy
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPJPY IDEAAfter closing the month an the quarter with a solid bear candle , GJ now looks to break the daily support zone and then continue down. Since this is a Friday and a Month start I am skeptical about the push down. But then if we were to break the daily support today we can then set the trend for the week to come. I would be cautious trading on the support one as we have seen rejections multiple times and there are high chances of Price going against us if you are holding longer trades, Quick Scalps should do good for today.
GBPJPY IDEAWith the Pound almost continuing its downtrend on the ending day of the third quarter, today is going to decide the trend for the next quarter from where is price going to stop at the EOD. If the current monthly resistance zone holds strong we are looking at excellent sell opportunity as long as we break the daily support zone. As we have clean candles to the left to mirror we will then see huge selloff positions. Also on the daily we look to have formed the ascending triangle pattern. If the pattern indication is correct we can look for a huge breakout pretty soon and we should be watchful of it. Overall bias still remains short. Looking for sells once we come out of the no trade range.
GBPJPY IDEASince we have broken structure and created a lower low, I would expect us to continue the bearish trend. Also the overall Macro Economics of the the United Kingdowm being in turmoil with the Fuel Crisis, we may continue going down to the daily support if we manage to break yesterdays low.
GBPJPY: correction aheadWe can see a clear 5 wave structure on upside. This suggests that there should be a three a wave downside correction . One should go short on any bounce with SL of 152.6 for tgt of 151- 150.8 zone .
GBPJPY IDEARisky Outlook. Since we are in a pretty strong area of resistance. If and only if we can break the entire top zone can we then looks for buys. If not, it is my opinion that maybe we would do a fake out on the upside and then continue down.
