GBPJPY bounced off 135.753 where it could potentially rise further to 139.382. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
30 minute structure broken.Wait for a potential retest and short the pair To the daily support level 136.00. FX:GBPJPY * WEEKLY TREND =UP *DAILY TREND = UP *H4 TREND = UP 30 MINS TREND = DOWN(can ride the trend down to the H4 or Daily Key levels for short profits
GBPJPY is approaching its intermediate resistance at 139.382 where it is could reverse down to its support at 135.753. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Time = 1H – Structure = Uptrend – Pattern = Elliot wave – Tendency = Downtrend Time = D – Structure = Downtrend – Pattern = Fibb Retracement – Tendency = Downtrend *** Price tested & Couldn't fully breakout 0.618 Fib Resistance. ** Above Chart indicated with Heikin Ashi FOR CLEAR VISION! GOOD LUCK ----------------------- Disclaimer: Forex trading and trading...
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GBPJPY bounced off 132.320 where it could potentially rise further to 133.189. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY expected to reverse up to 1st support at 131.744 where it could potentially react and bounce to its resistance at 1st resistance at 133.189. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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WITH our winning streak and 1000 pips plus a little cherry on top by buying GBPJPY for 250 pips1
The GBP were under pressure since the begining of May and we have witnessed some singinficant downtrend. The price action is at a major level and created a new lower low but within that downside channel which this pair has been respecting for a while now. Price action has touched and bounced from the trend line. I'm expecting a few more touches on that line...
We have seen a nice downtrend yesterday followed by a nice pullback with a bearish engulfing entry reason suggest the trend continuation should resume soon. I have therefore gone short on this and taking profit at the next support level before deciding further movement. I have marked the sl and tp for you as well. Let me know your thoughts. TRade safe and good luck.
1. I found a clear double top into my H1 chart 2. It did not break the Resistance 3. Research Fundamental GDP data for GBP 13 May 2020 4. My Divergence indicator is flowing Bear 5. I can see some Fractal into my chart That's all for now. Happy Trading. Thank you!
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This close of the daily candle could expose the price more to the upside. I like this looks good.
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