tntsunrise
Long

GBPJPY finds strong support at 130.60 area

FX:GBPJPY   British Pound/Japanese Yen
8683 35 154
GBPJPY             finds strong support at 130.60 area

Good to buy the low

130.75 is a good place to buy -- 0.618
Comment:
snapshot
Comment:
snapshot
Join Projack's Student Group:
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
QQ Group: 609224828
Thank you Jack for the idea .
+1 Reply
I'm just worried that a descending triangle has clearly formed in the 4H or Day chart. The way I see it, buying power is decreasing and that support level has been tested twice already. I'm thinking it might break short on the third try.
+8 Reply
tonz_of_gunz reganjohnd
At least someone sees the big picture!
+4 Reply
good idea
+1 Reply
129.50-129.60 is a better place to buy .. i think >.<
Reply
Now already 130.15
Reply
Sell the pullback
+1 Reply
KenWei PRO -Andrew-
sell the pullback? price already break the support. are you joking?
Reply
mlbo KenWei
guess not. andrew mentioned that it could be a new idea to now go short / open a sell-trade when price pulls back to the broken "support" (that actually was no supprt at all since price crashed right through it like nothing).
Reply
Look at the daily chart - Still very bearish in my opinion, it broke an intermediate support - if Price retraces back to that level, and shows rejection of a broken structure - then you can decide what you can do. Until then, I would not buy until I have a bullish signal confirmation.
+1 Reply
GBPJPY - Fakeout of Inside Bar?
Reply
Read the trade plan - do not trade it blindly - Confirm any sells or buys with your own strategies
Reply
mrforex89 -Andrew-
Buy the pull backs
+1 Reply
I did not see any reason to buy this pair. The price is moving in a channel and never get out of it. Just because price reached at 0.618 does not trigger a buy signal. However, a reversal is possible within a short time.
Reply
it is still falling like shit
+3 Reply
lol
+1 Reply
This is my view..SIMPLE CHANNEL TRADING....I may buy at bottom of channel...just a bit further to fall...but it is bearish on long term so we need to get in on the sell at some stage...

Jack is the best trader on tradingview in my opinion...

snapshot
+1 Reply
-Andrew- PRO Trendhopper
Agree with you there Trendhopper
Reply
it break out.....
Reply
interesting
Reply
when i saw gbp/aud falling like a shit, i cancelled my buy limit order for gbp/jpy. 
+2 Reply
Hi I think it was a very good call, but a bit too early (I know it's eas to be smart after). Liquidity at 130 was taken and proce marked down a bit lower. As you can see, as the priced marked down a thick layer of Buy Limit orders was set in to prevent price going any lower and push the price up.

If tomorrow price tested the lows or if there is some sort of reverse candle printed on the chart (hammer, engulfing, etc.) I'll be bullish on this pair and set the Target1 @132 and Target2 @133.

Reply
http://www.screencast.com/t/Gcq7jSTm
Reply
I'm in the trade just below @130. Target set for 131.
so let's see.
Reply
Target was hit in the morning. 100 pips in the pocket. ;-)
Reply
132 was taken as well.
Good trading!
Reply
papapa
+1 Reply
hi jack,i think 132.10 is a critical level here.
snapshot
Reply
You were on point!!!! Thanks!
Reply
it looks like the pull back and will fall again
+1 Reply
i mean it looks like a flag, and the falling distance maybe the same as the previous bar of this flag?
Reply
I'm in after Bat D retest, thanks Jack.
Reply
snapshot


I think as much as the price found some base arround 131-130.70+/- zone how ever with london open coming up in an hour breaking this not so string support will be easy .
Will see. I am short on this pair to 129.90
Reply
snapshot
MY IDEA
Reply
Very nice profit, thank you Jack.
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