I think that there is still some profit that I can take if the market is up to fill the Alternative Bat in the supply. IMO, GBPJPY is still bear market and scalping should do great both ways, long and short. I will use this setup as a gauge and, preferably get from logs to short positions once the bearish pattern gets filled.
GBPJPY is struggling at the multi-month Trendline Resistance. Along with that, the RSI is showing a BEARISH divergence which can soon lead to a sell-off in GJ. Traders can look for SELL entries between 133.12-133.50 with SL above 134. TPs can be placed at 131.80, 130 and 126.50 respectively.
GBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingView Point A: 148.5 Point B: 127 Entry - 132.6 RETRACEMENT Point D: TP - 140.7 SL - NONE
GBPJPY reversed off its resistance at 128.236 where it could potentially drop further to 126.649. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
See chart for illustration
GBPJPY: Intra - BEARISH TP: 1.10 - 200+ Pips #Forex @TradingView Point A: 130.4 Point B: 128.5 Point C: Entry - 129.65 Point D: TP - 128 SL - 130.8
See chart for illustration. Follow up on earlier publication ( see link below)
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
BUYING GBP/JPY Entry: 130.27 Target1: 131.50 Target2: 131.80 SL 128.72 Risk Reward 1:1
GBPJPY reversed off its resistance at 129.856 where it could potentially drop further to 126.774. 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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GBPJPY reversed off its resistance at 129.672 where it could potentially drop further to 128.700. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY reversed off its resistance at 129.856 where it could potentially drop further to 126.774. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short term Elliott Wave View on GBPJPY shows the decline to August 12, 2019 low (126.51) ended wave 3. From there, pair is doing the recovery in wave 4 with the internal unfolding as a potential Elliott Wave Zigzag structure. This suggests the current rally takes the form a corrective structure and the bias remains to the downside. Up from 126.5 low, wave ((a))...
Here is my idea about the GBPJPY based on my trading system. hope this helps and I'll be happy to hear about my mistakes!
GBPJPY reversed off its resistance at 135.375 where it could potentially drop further to 134.317. Trading CFDs on margin carries high risk. Losses can exceed the init
GBPJPY reversed off its resistance at 135.182 where it could potentially drop further to 134.550. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.