Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i...
Market Analysis PT1/2 (18th April 2024) GBPJPY Analysis On the 4 Hour timeframe, price action has created a WCR. This is a vaild WCR as it meets all 3 criterias of: - Range on the 1hr/4hr/Daily timeframe - Range is at least 100-150 Pips wide - More than 2 taps on Each Support/Resistance. Looking at the 1 hour timeframe, price action has created a 1...
Hello traders, Last week we saw a nice bullish momentum on GJ which took the price to IRL which is a weekly FVG I'm expecting to dig little bit into the fvg to than sell off from there but I'm only considring the entry after a shift on market structure to take an advantage of the down move targetting 178.353 which is the ERL .
GJ is in a rising wedge on the 30, after the retest to the high marked the red ovals. look to see price come back toward the 166.200 lvl. We need a break and a retest to that lvl before entering for a short.
4H is about to break with the right shoulder of the H&S, while the 1H is bouncing up to complete the right shoulder of the H&S. So I am looking for price to pull back slightly at market open and continue bearish.
GBPJPY has broken out resistance and retested last week friday. We had a big push to the upside resulting in a big rejection on the following resistance highlighted that caused price to fall to fridays starting daily low. If we can hold above highlighted support zone i can expect price to go to highlighted zone to clear highs. If we cannot hold support i expect a...
This is my analysis on Gj using ICT so as u can see the market break the high i wait for LQS then now im lokking for MSS after that i search for Poi or an OB +FVG to go short on Gj
GJ top down analysis! Let me know your thoughts, thanks for watching!
You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse, So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the...
GJ looking for sells while price is under 161.000, if we get a solid break/retest i'll look for buys, but first I want to see another push up here and the candle to fail closing above the current DH, giving us a nice sell opportunity with a small SL, then aim for the $ as first target then the support and DL Let me know your thoughts!
GJ Price is sitting on the DH, I may take some LTF sells here depending on structure/if price fails to close above previous 1HH/DH, but overall i've got a buy Bias here until that 1H low is broken, lots of buying pressure this week, no need to try trade against it, go with the flow 🏄♀️ Let me know your thoughts!
GJ if we can break through 167.638 area i'll be looking for buys back to the 1H high following orderflow, if price fails and falls back to the 1H low demand i'll be also looking for buy there, not interested in sells today on GJ, maybe some LTF scalps if we get a retracement but thats it let me know your thoughts!
As ypu can see, price has tested a resistance 4 times, with multiple small double tops, price has finally broken out the bottom of the flag channel that it has been in all week. We have broken below, retested the support as a resistance, if the current stick ends bearish its a sell. Further confirmation is the rejection off the 200ema
looking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down. We will see what price does and manage risk based on that.
Monthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing. On the 4h; there is...
Hello Traders, Back with another review! We are looking at yens overall for potential reversal with eyes on GJ. Should price remain below May monthly high 163.800-164.00 zone We could see more downside correction to the 157 price zone. this could take a few days or more. Otherwise, above 164.200 no short trade. As always, only trade what you're...