JPYGBP trade ideas
Cup and Handle trading patternEnter a position when break out this trendline.
Target : Measure the height from the bottom of the cup to the rim
Stoploss: Slightly below the lowest point of the handle
gbp/jpy sell gbpjpy has broken down from the head and shoulder reversal pattern and is now heading lower. Yen has been strengthening overall and it is interesting to see that even the USDJPY pair has been struggling. There is some risk off in the financial markets as a whole and that seems to help yen. The target is the depth of the pattern and is marked on the chart. There can be a partial entry at the current price and then some more when the neckline is re-tested if at all.
SMART MONEY CONCEPTGBPGPY IS BERARISH with 15m time so we will wait unless market take the iducment then we can sell on order block
#GbpjpyIn this trade you are getting one more chance to enter You take entry only after checking it.
This is a multi confirmation based entry,
I requested to trade only after taking care of multi confirmation and your risk management.
GBPJPY MONTH TIME FRAME@717.347 All time High on 01Jan1975
@116.837 All time Low on 01Sep2011
GBPJPY market is falling down from 01Jan1975
As you see I marked 4 POI on month TF @208.117 and @188.631 this two POI are for short position. And if we see price is going to mitigate @188.631 my POI is calling them to mitigate there if you want to place order then place @188.631 short SL 198.358 TP 169.115 RR 1:2
Second short order @208.117 SL 221.481 TP 181.454 If price give us a breakout @215.892 which is high on 01Jun2008 we can see a BULL RUN ?! I don't know! But if price give us another breakout @251.115 which is also a high on 02Jun2007 then we can see a retrace and BULL RUN!
And another 2 POI is for long position @161.976 and @139.478
I Think GBPJPY market is doing good going good.
CHART LOOK'S GOOD AND CLEAR
WHOEVER IS READING THIS COMMENT, YOUR THOUGHTS, THANK YOU.
GBPJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
4 Reason for GBPJPY SELLHello everyone
I have 4 reason to sell GBPJPY for next 2-3 month.
Check analysis and hit like if you agree.
Thanks.
Long in GBP/JPYAnother yen pair where we are seeing a breakout and the closest resistance is a long way away. Also note the hike by ECB yesterday of 0.5% point will lend support to pound.
Is gbpjby continue the momentum? Don't go against the trend until it change it's character in the higher timeframes. Look for bullish setups in jbpjpy. If you don't have any just follow this setup that i post. Look for double bottom in the zone then take it. Good week.
Win trade in GBPJPY in NY SessionTaken GJ sells in NY session after the break of support, played out well
GBPJPY Weekly (Bulls may take a correction)(19-23 June-2023)Please the chart and trade accordingly.
Remember for taking bullish move from now the bulls may take correction up to 175.00
sell gbp/jpy the counter has run up a lot recently and a consolidation rectangle on the hourly charts has been formed from which the pair has broken down. We are looking at the support of around 179.5 as the target.
gbpjpy overbought #GBPJPY is in overbought area it can fall down most probably if it breaks this minor support
entry can be taken in 1hr tf
UPCOMING "GBPJPY" MOVEAs we can see the GBPJPY is moving in a channel in one day frame + in one week time frame too . In addition when RSI get above 70 level it retests but it reached above 80 lvl so there is a high chance of a retest and there is a rectangular zone which is a strong resistance which was tested for almost 13 times so another great reason for a rejection and now it has also get overbought in RSI in weekly timeframe . Now all we have to wait is for a perfect rejection so that we can open our short positions. GBPJPY has been reached to this lvl after 6-7 years.
TP HIT ON GBPJPY I mentioned earlier that I had made a long position analysis for GBPJPY, and today it has hit the target I had set
The GBPJPY almost reached the target and sl set in small profit.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
GBPJPY trade actived The GBPJPY long position that I mentioned in my post on 9 June is now active as of today
Disclaimer...........................
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
GBPJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
long GBPJPY I am using support and resistance as a basis for my trading. GBPJPY seems to be moving upwards based on the chart and trend line.
Disclaimer...........................
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
GBPJPY BUY IDEAHello traders,
GBPJPY buy setup
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