gj triangle patterngbpusd is under triangle if it breaks down then continues down upto 100 pips if breaks up then continues up for 100pips
JPYGBP trade ideas
GBP JPYUpdate.
forming Pennant pattern in 30m chart.
Possible to go on both side.
So use proper risk management.
Thank you
GBPJPY SELL TO BUY BULL FLAG SETUPGBPJPY clear bull flag continuation of the bullish momentum on the higher time frame
price actionuptrending GBP/JPY
Going long after seeing some Price Action levels and Bullishness
Good RR of 2.5
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
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
