Nice Pair To Trade Today. The Only JPY Pair That Didn't Show Some Nice Movement With The GBP Strength .... Early Entry Here With The Higher Highs Being The SL Zone... Perfect Pair To Look For Sell SetUps & Executing .... Not An Ideal Ideal Trade But A Trade Worth Taking $ Profitable One If It Plays Out.... Risk Things!!
Prices are facing short term bearish pressure from 1st resistance in line with 61.8% Fibonacci retracement and horizontal swing high resistance. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. If prices push up further, prices might face resistance from 2nd resistance in line with...
We have been focusing on JPY for a while now and after the spike last week, we may be seeing a reversal finally happening. GBPJPY appears to be in the perfect place to reverse (see bigger timeframe chart below). For confirmation, will wait for a break of the ascending correction. Good luck and trade safe!
We have been focusing on JPY for a while now and after the spike last week, we may be seeing a reversal finally happening. GBPJPY appears to be in the perfect place to reverse (see bigger timeframe chart below). For confirmation, will wait for a break of the ascending correction. Good luck and trade safe!
price is making new higher high, inside a parallel channel tested four time ready to test 5th time support lower trend line resistance upper trend line wait for new lower low,
GBPJPY is on a strong time and price reversing zone and there is a chance for reversing. Minimum target could be 146.600.
GJ structure really looking toppy at this point. I'm still seeing one more up potentially to like 155.500; however, the larger wave is to the downside. I'm going to be waiting for my entries on smaller timeframes to grab this short either from currently levels OR from the 155.500 (depending when I get confirmations on lower timeframe) I can see this structure...
gbpjpy is going in a middle of a sellers zone .. and there is tow ideas .. we will know we the break (in/out) happen... good luck every one ..
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currently waiting for price to retest the fib level (either 61.8% & 50% ) and a bearish candlestick for confirmation
Good to use in conjuction with the daily harmonic we found.
This is a beauty, a daily Gartley formed on GBPJPY, you can look to short down to the set trade points, great risk reward set up.