GBPJPY shortNice cluster zone which failed 2 times at 8 tries. Also divergence on 1H and 4H, stoploss can be placed nearby the entry for low risk. Ideal entry point would be 147,700.
Gbjpy
GBPJPY - Potential short opportunity GBPJPY is testing the trendline H4 and could trigger a bearish rallye from this point. The invalidation level of the scenario would be 143.75.
Above this point a bullish setup may take place.
A target would be 142.00.
GBPJPY approaching resistance, potential drop!GBPJPY is approaching our first resistance at 143.39 (horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 139.30 (horizontal swing low support, 100% fibonacci extension, elliot wave structure).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
gbpjpy Formed Strong Bearish pin bar on Weekly chart Short advicGbpjpy Trading around 153.2 level we Can see on Weekly
its Formed bearish Pin bar. if hold below 155 we can see a big
drop toward 150-147. Advice to sell in range of 153.2-154.5 sl
above 155.5 TP1 150 TP2 147
GBPJPY ANALYSIS WITH WEEKLY & 4H TIMEFRAME1. GBPJPY is looking to either break-out the trendline or continue bounce back downwards.
Either could be in play.
2. We see the inner trendline broke out and re-testing the 150.6
3. Downwards bias for now. Till Further notice.
4. Risk Management Always. Trade with Care.
GBPJPY is possibly going shortThe setup let us think that a bearish wave is taking place. We bet on a short on this pair but it could take much time to go down.
GBPJPY : Head and shoulder with Channel break outHi
the price is meet TP at 1.618 fibo lever already.
But i think it will go up more.
GBPJPY SHORTFOLLOW ME FOR MULTIPLE TRADING ANALYSES DAILY
As you can see from the chart, it just hit a MAJOR resistance line which is a good indication that it will go down based on recent price action but wait till you see confirmation of this prediction, a big mistake most traders have, and I am guilty of this from time-to-time also is jumping the gun too fast before the candlestick finishes its formation so the best advice I have is to never trade mid candle, wait till the close and then make your trade if it is going your way at the close. Always switch back and fourth from time frames, I start my analysis from the top down method meaning starting at 4hr/1hr/30min/15min/5min and look for trends I can spot.
VERDICT:
I believe it will not break resistance and thus a good short opportunity.
gbpjpy: sell setupThere is a gartley pattern forming for a sell setup. This trade is a good high probability trade thanks to the corrective structure and the retest of resistance.
Trade with care.
2017 - Yen Forecast MajorsYen has rallied from its recent lows near the end of 2016. Bearish stance remains intact however allow further rebound into the .236 or .382 fibonacci area. Expecting Yen to continue its rebound as long as its 2017 lows is not broken.
Bullish Flag on the Daily GBPJPYHere are my Thoughts for the coming weeks.
Lots of good Fibonacci confluence, to many levels lining up to be ignored imo.
So to start we have some basic patterns forming
Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support.
The flag could do a, a,b,c,d Harmonic move which does line up with the 1.618 of a fib extension. The 1.27 level of this extension also lines up with the 1.618 of the fib inversion.
looking at the weekly highs and doing some fib retracements we have a 618 and 786 also line up with the 1.618 and 1.27. This general area was a previous are of structure support.
We are also in the Oversold area RSI
Lost yet? for me lots of little bits lining up which is building a strong case to the upside
There are a couple of key levels In Blue which are going to be areas to watch if price moves up.
Of course it could retrace further to the downside.
Good luck and Trade Safe
MARKET SETTING UP FOR ANOTHER GBP FLASH CRASH???!!!GJ has began its fall, and there is a very large range to fulfill, the question is, what fundamental movement in the market will drive the plummet and to what extent? Many complex factors will fuel the move down, and it is imminent.
GBPJPY LONG OR SHORT Waiting to take action.Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE.
1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008.
2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
Educational post- Common patterns These are three very common patterns found in the market, they also interchange in this sequence very frequently
below are few examples attached
cheers.
Short based on Clones and resistance areaThis short is based on the current price action and Clone levels. I had shorted this at 131.90 with stoploss at 132.5 , i will be adding more at the break of 131.38 area for the target of 130.33
Clone levels :
For Upside: 132.5-132.95-133.48
For Down : 131.9-131.38-130.85-130.33
Note: this is not a trade signal , please do ur due diligence before placing the trade.
GBPJPY Long Trade setupGBPJPY continuation uptrend up +- 140.000
Strategy to trade: Buy low - never Sell long
