Now it is my second target (I get 1st target at 38.2) at 50% Fibonacci Now aware of this candle stick that is it reversal pattern or not If reversal, it will form the B wave. (I do not trade on B wave) I will wait for the maximise profit at C wave. Cheers.
FX:GBPJPY It's a Bearish Gartley, in fact i believe this one can act as reversal, i will target the 38% retracement, (always the same, once there, close half of position size, and get a free trade with breakeven Stop Loss) expecting another bullish move from there, following price action with 15m chart. Expecting rsi divergence and overbought condition once on...
Dear Traders, GBPJPY, we have a change in participants here. Yesterday was a key day because price manage to trade above the LH which is very significant for those that manage to watch the video i posted on structural points. 154.22 is a structural high and we now have a second break which get us into this trade. We are long this pair frm 154.22 expecting series...
Not finding any of the usual patterns. An equal distance A-B-C-D terminates at 155.165. With RSI divergence; Buy 155.65 with targets at 156.70 158.00 159.13 (3.6:1 reward:risk) (A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
I was stopped out in my last position with 50 pips loss. And now buying again from dip to test 158.5 broken support.
Here is a LONG opportunity on GBPJPY a bullish BAT a little extended over 88.6, but has reach 161 extension of the AB leg. The down trend started to loose momentum and few news from JPN and GB soon, we might see a nice rally. Please comment.
Buy @ 160.000 Hopefully follow the channel Positive Trend
SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
GBPJPY is expected to RISE now. The reason why we feel GBPJPY may RISE. * It may Rise and come near 161.977 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Rising. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :160.95, SL: 160.67,...
If resistance is broken we will have a long chance to retest highest resistance
FX:GBPJPY Waiting the price to sink inside the cluster/projection zone, and from there i will start building a case! Search for RSI Divergence for instance! Note that we have already divergence between last bottom and the most recent one, but i do expect to get that same divergence in a oversold condition; I will target previous structure low's, as first take...
GBPJPY 4H MY LOVELY SWAN LONG SETUP
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements GBPJPY0.13% this week's price action will either open the door for the continuation of bearish trend or new bullishness. Fundamentally speaking GBP after the BOE statement gained some momentum as BOE was hawkish in it's comments and mentioned...
Elliot waves lined up with harmonic patterns, this will be a great trades if market has follow through.