Most newbies, and even intermediate traders don't really understand what high risk to reward trades require from themselves and from the market. They think it is something to strive for, and that high RR trades are reserved for the pros. This is far from the truth. In this video I try to give more perspective to this concept. - R2F
sell opportunity at the price level of 191.80. This suggests a bearish outlook for the pair in the short term. Traders may consider setting multiple take-profit levels to capitalize on potential downward movement, with targets at 191.00, 190.50, and 190.00 respectively. These levels offer strategic points to lock in profits as the pair declines. Additionally, it's...
The GBP/JPY is currently signaling a sell opportunity with its price hovering around 193.40. This level presents an ideal entry point for traders looking to capitalize on potential downward movement in the currency pair. With multiple take profit levels set at 192.50, 193.00, and 192.00, traders can strategically exit their positions at various stages to lock in...
GBPJPY may rise again from the support area The price has already tested a strong daily support area near 191.40 After the price depreciated by 900 pips by the BOJ intervention which was never accepted by them, we could see GBPJPY rise to at least 195.00 again The BOJ's indifference and small interventions are not supporting the JPY to get stronger. We may...
The GBP/JPY currency pair is showing indications of a potential selling opportunity, with a targeted sell zone identified between 191.90 and 193.00. This range represents an area where sellers may consider entering the market, anticipating downward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this sell...
The GBP/JPY currency pair is displaying potential for a bearish movement, with a targeted selling zone identified at 196.70. This zone represents a level where sellers may look to enter the market, anticipating downward pressure on the exchange rate. Moreover, technical analysis suggests several potential targets for this bearish movement. The first target is set...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
GBPJPY is on downtrend but am seeing a strong buying zone at 190.206 area. just to be safe and get better buys once we hit 190.206,we take our buys towards 193.955
GBPJPY is trading inside the symmetrical triangle . The price is reacting well the support and resistance of symmetrical triangle. Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target could be 195.800 followed by 198 What you...
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).
Do we have a potential monster trade opportunity in front of us? If the trend reversal on the higher time frame sticks, we could have an opportunity to get in right at the base of a next major move! In the chat we are looking at a bullish break of market structure. We discuss the trend price action and some concepts around building a position early on in a higher...
Hello, GBPJPY - Potential Sell! for when the market reopens, becareful with this trade as any other trades and try to find a good entry.
hopefully if we can move from this level because we have a drop hard from 200.oo psy level so i am excepting it to move up a little
Looking for price to continue downwards to previous higher low, see how price reacts to level take a buy or follow the trend to the downside.
Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly...
✅GBP_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 192.76 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...