JosePips
Short

GBPJPY POTENTIAL SHORT (1D CHART)

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY POTENTIAL SHORT

OKAY LETS TAKE A LOOK AT GBPJPY .JUST WANT TO LET YOU KNOW THIS CHART IS A LITTLE BIT MORE DETAILED THAN THE POSTINGS I USUALLY DO. I FELT THAT ALL OF THE ANALYSIS AND TOOLS USED WERE TO APPROPRIATELY ANALYZE THE HIGHEST PROBABLE MOVE IN THIS PAIR. AFTER LOOKING AT THIS CURRENCY PAIR AND THIS LAST WEEK OF PRICE ACTION, THE MARKET HAS BEEN SHOWING ME THAT THE SELLERS WANT TO TAKE PRICE TO THE DOWN SIDE. IF YOU LOOK AT DATA FOR THE LAST 6 MONTHS ON THIS PAIR YOU CAN SEE THE DOMINANT SELLER ACTIVITY THAT HAS BEEN OCCURING. RECENTLY FOR THE PAST 1-2 MONTHS PRICE HAS STAYED IN A ZONE THAT HAS BEEN SQUEEZING PRICE IN, BUT STILL SHOWING GOOD SELLER MOMENTUM AS THIS WAS HAPPENING. AFTER A RECENT BREAK OF THIS STRUCTURE SQUEEZE TO THE DOWNSIDE, IT IS DISPLAYING THAT THE SELLERS WANT TO TAKE PRICE DOWN. IT ALSO DISPLAYS THAT THE DEMAND TO BUY ISN'T AT THE LEVEL IT NEEDS TO BE YET SO PRICE MUST DROP (DISCOUNT) IN ORDER FOR LARGER PLAYERS TO GET THE GBP/JPY AT A GOOD PRICE/RATE. LETS TAKE A LOOK

1D CHART:
*PRICE RECENTLY BROKE SQUEEZE OF STRUCTURE TO DOWNSIDE
*GOOD SELLER MOMENTUM/SELLER SHOWING INTEREST

4H TIMEFRAME:
*USE THIS TIMEFRAME TO GET A BETTER GAGE ON SPECIFIC PRICE ACTION
*ALSO USE THIS TIMEFRAME FOR BETTER RISK/REWARD PLAN
*THIS TIMEFRAME WILL GIVE YOU MORE EFFECTIVE APPROACH, 1D AND 4H TIMEFRAME ARE CLOSE ENOUGH, IN TERMS OF THE TIMEFRAME OF DATA DISPLAYED, TO GET AN APPROPRIATE GAGE AND PERSPECTIVE, ON WHAT THE MOMENTUM OF PRICE IS DOING

PLEASE MAKE SURE TO ALWAYS IMPLEMENT PROPER RISK ON EVERY SETUP. MY POSTS ARE FOR REFERENCE AND SHOULDN'T BE USED WITHOUT UNDERSTANDING FULL RISK OF FINANCIAL MARKETS.

PLEASE FOLLOW ME FOR MORE PROFITABLE SETUPS!
Trade active: GBPJPY seller momentum starting to display with strength/interest
Comment: GJ recently breaking daily structure level; headed to Target 1 Zone: 141.500 handle
Trade closed: target reached: TARGET 1 ZONE REACHED, CHEERS!
Trade closed: target reached: Target 2 area reached! Cheers!
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