TradeYodha
Long

#GBPJPY 15min Long Possible Idea

FX:GBPJPY   British Pound/Japanese Yen
@TradeYodha (TradeYodha.com)

#GBPJPY 15min Long Possible Idea

1. ABCD pattern completion
2. Fib extension
3. Daily Support Region
4. Fib Cluster

Update: It has shown various patterns on lower time frames to support the long position.
There is a much bigger pattern at play here from the 4 hour chart, I don't think that the fall has completed yet!
Reply
Can you please post a snapshot of the same for my knowledge. Thanks
Reply
arkasha TradeYodha
Bigger Pattern At Play
Reply
oh great. Thanks for sharing.
Reply
Update: We have bullish divergence now
snapshot
Reply
TradeYodha PRO TradeYodha
Update: Possible Cypher Pattern. The price is showing pin bar in the zone.
snapshot
Reply
arkasha TradeYodha
That Pin bar is right on the resistance line, i think its a pin bar because it found resistance at that strong level, it will drop, or rather should
Reply
arkasha arkasha
pin bar followed by doji, which confirms my analysis
Reply
isn't is Inverted Hammer. On 15 min chart I think I should still be able to achieve my target 1. This trade is very interesting to watch as overall trend is bearish but on smaller time frame I can possibly achieve a short time target in a retracement.
Reply
arkasha TradeYodha
its a good analysis, ill keep watching!
Reply
Thanks. :)
Reply
TradeYodha PRO TradeYodha
Update:

1. Price oversold
2. Another Pattern showing up
3. on 1 Hr chart even 10SMA is lagging. The price should get attracted back to it.

15 Min Chart:
snapshot


1 Hr Chart:
snapshot
Reply
Update:

1. Various Patterns to achieve target 1 and 2
2. SMAs are in target areas
3. Bigger Cypher Pattern updated

snapshot
Reply
Update:

Fist small pattern completed
snapshot
Reply
arkasha TradeYodha
Very nice play, way to go !!!!
Reply
Thanks Mate.
Reply
Update: Possible Harmonic pattern will give us Target 1 with confluence with 200sma
snapshot
Reply
My scenario looks very much down
GBPJPY NO SIGNS OF STRENGTH
Reply
Thanks for your valuable comments. Yes, the overall trend on higher time is down. My trade was short term bounce up from a level
Reply
I though there was a support as well, but overall looks very bearish mid term
GBP WEAK + JPY STRONG = GBPJPY DOWN, A LOT
Reply
yeah true
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