complements for this trade 1. pull back on fibbo golden ratio 2. above 200MA 3. rejection from previous price action 4. engulfing candle stick
Due to the consecutive "Higher High's" and "Higher Low's" . The USDCNH pair is Going Bullish.
gbpjpy bullish trend on 1d, 4hr, 1hr. this trade plan is for 1hr TF. making HH nad HL.. pending order above last HH.
GBPJPY market has tested and rebounded from a psychological level at 162.00. Price action has been making higher highs, and momentum moves upward. The market made complex pullback and then printed a pinbar reversal bar. We expect a retest of the major resistance level since the trend is bullish. ------------------- Share your opinion in the comments and...
✅ GBP JPY broke through the resistance area and gained a foothold above it, now it is a support area. The graph retains an ascending structure. The price will continue to rise. ✅ 🚀 BUY scenario: long to 164.1. 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only...
Price had an Impulsive movement which I expected before. Correction is over and upside movement will be expected. Trade safe Please support me with your likes and comments
nice break with momentum, low vol. macd histogram gives a good momentum, for now rsi good at upper time frames.
Buy this pair and take profits at blue lines to be safe..and maybe black... However if price breaks thru orange lines. Wait for a pullback and sell
Looking at the H4 chart, my overall bias for GBPJPY is bullish with the current price being above the Ichimoku cloud . To add confluence to this bias, price is along an ascending trendline. Looking for a buy entry at 161.710, where the overlap support is. Stop loss will be at the overlap support at 159.330. Take profit will be at 169.221, where the previous swing...
Favourable HTF candle formation, looking at POSSIBLE longs above 162 into previous session highs.
key demand zone reached at daily chart.. there is 1 hour support as well ,market had formed double bottom with higher low ,pattern had broken as well now waiting for its retest ENTRY 161.97 STOP LOSS 161.39 TARGET 162.79 &163.50
Bias: Open Market Cycle: n/a No real valid market cycle,, a retracement of Tuesdays news is now complete.. I am long biased due to PA and the overnight rejection of the wkly low level, either from the weekly low at 161.23 of a backside trade on 162.07..
Details on chart - looking for buys after GJ has conducted a deep pullback to collect more orders to continue the HTF bias
It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend If the price crosses the support range, the downward trend will continue
GJ is retesting a break of resistance that is now support, I expect a push up to local support highlighted.
Hey guys, So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level. So now that price has given us that, we just need to plan accordingly and...
GBPJPY has such a great resistance level which is break above and coming back for retesting the resistance for going long