Technician

GBPJPY: Approaching Kill Zone! #forex

FX:GBPJPY   British Pound/Japanese Yen
1995 14 44
Major Confluence Zone
  • Previously broken rising trend line
  • Falling trend line that started from 189.70 high
  • 61.8 retracement for the latest main bearish wave
  • 1.27 extension for the latest minor bearish decline
  • 1.618 extension for the latest minor bearish decline
  • Swing high (horizontal resistance at 181.00

Note that this is a "POTENTIAL" Resistance zone , it's totally normal that the price surpasses that area without any bearishness. This is not a call for short, however, i will SURELY be looking to short if i get a short term signal there.

Good luck...
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here http://thefxchannel.com/ ,
My best regards
Technician
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com
i like this, also saw that the 100Ma on daily perfectly alligns with the 0.618 retracement of last major move - should give some resistance.... also, RSI and stochs are starting to be oversold. definitely looking at this. cheers and thanks for the post!
+1 Reply
Technician TOP mcpeacocks
Thanks for the addition and welcome mate
-1 Reply
Very good setup.
Reply
Great stuff as usual.
-1 Reply
Thanks Casey. I have been waiting for your ideas for awhile, why not publishing?
-1 Reply
Technician TOP Technician
It helps me find more good trades
-1 Reply
Casey_Yeo Technician
you always beat me to publishing ideas. As I have said previously, your style/approach is very similar to mine. I always look forward to seeing your ideas.
On a side note, good trading on NZDUSD. Price just went off from the second pinbar with no chance of me entering.
-1 Reply
I was lucky to pull the trigger and short near 0.7700 resistance. But its still active, so no guarantees yet
-1 Reply
excellent setup....
Reply
similar view....

GBPJPY: Medium Term Outlook
Reply
GBPJPY has a pin bar on h4. is it a type of confirmation you were waiting for?
Reply
Technician TOP anastasiia.art
I havent shorted yet...
-1 Reply
Nice set up, I uploaded analysis almost identical to this. Thank you for giving me confidence on my potential trade :D
Reply
You Are welcome :)
-1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out