Good support @ 175 MACD bullish divergence, RSI Oversold. SL: 174.8 Target: 180 (watch out 177.4 as 2011-2015 key retracement level)
Looking like a long play in action on the daily time frame. I don't see price action breaking this buy zone. There should be room for a nice profit.
My opinion for FX_IDC:GBPJPY from a technical standpoint. I am waiting to see a few bars and their closes/touches.
Here is a better wave count on the GBPJPY. Pair is currently in a wave iii of 3. No trade setup here, just wanted to share my count. Anyone else have a different count?
Bonjour, do you guys remember this chart? Well, today our "VIP" members took profits on their second position ... 785 pips right before new years is not to shabby. The question now is ... will this pair bounce to the upside or will it continue its move down? That's what we'll talk about later today in the trading room. Why don't you join us?? À...
Buyers is thargeting the area of 0.6862/0.6842. We should wait the reaction of the price at this level. A breakout of the long term trend line would set bull's next target at fibonacci extension levels.
Buy opportunity on the AB=CD pattern formation, first target 182.00,second target 183.00,third target 183.90. S/L at 179.85. -RISK DISCLOSURE- All traders should take their trade in their own risk, I do not hold any responsibility.
I've explained on chart and will update.
Just found this really good cyhper. now that prices are lower with the trade still being valid the R:R is insanely good. I'm buy this up.
GBPJPY outlook showing that Bulls could be come at any time in this Market !
In today's session we will be looking for Buying Opportunity !
On FX:GBPJPY , we had a trending market last month. The price was going upward, making higher high and higher lows. but the last swing broke the structure and change the market to sideways. The price dropped this week and its time for the correction. There is a valid cypher pattern to go long. Put SL below X leg. In addition, we have a trendline (dynamic...
For the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry. However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the...
we have a very nice Bat pattern on FX:GBPJPY which is almost completed. Stops must go below the structure level 184.22, look left and check it. And our targets are 38.2 and 61.8 fib levels with the confluences of very nice key levels. Be aware that price has a high momentum, let it calm down and then go long. Besides we have a very nice confluence of weekly S1...
Speculative potential targets and scenarios for entry and TP. I got in with QM at 182.700. FINGERS CROSSED....AND STEADY AS SHE GOES!!! :-) Opinions most welcome folks.....