GBPJPY has broken above a descending trend line on the 4H chart & below. Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside. Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area. Manage your risk...
2nd leg push down, then bounce back up to median.
GBPJPY has formed a 5-wave motive wave & an ABC correction. We would now like to go long from the current level with a stop below the C wave. A simple, effective wave count with nice profit targets & great risk/reward ratio. Updates will be posted as the trade progresses
142.019 area is such a strong support ( orange arrows ) if you cant see this then go get your eyes tested and please stop trading as you will only bankrupt yourself. This level has also been used as resistance before ( purple arrows ) so we will wait for the 4h candle to close to see if we are going long like we anticipate, either way we will have orders in place...
Trading idea: Open Buy:142.63-143.05. S/L:141.97. T/P:146.55. Risk/Reward 1 to 5.
GBPJPY BUY 144.20 - 143.55 SL 143.20 TP 145.80 TP2 147.15-50 ( potential short zone) TP3 149.30 www.trade-insider.com
quick long scalp. expecting a breakout to the top, so you can let the trade go and adjust the sl if it breaks the line above
I am expecting GBPJPY to continue its bullish move with potential of reaching 145.58- 145.96 before pulling back to 143.21 -142.81 And from there I am expecting it to drive back up to 149.89 region. Please note that this is just my analysis and not a trade advice for anyone. Let see how it will play out soon.
IMPORTANT use position size calculator, do not risk more than 1%
Buy at the support point and take profit at resistance levels
WATCH THIS CLOSELY AS GBPJPY, IS MAKING THIS CORRECTION AND I AM EXPECTING A BULL RUN SOON LIKE, COMMENT AND FOLLOW
As you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this...
After a few rejections of the support level 143.300 I expect GBP/JPY to move a little bit higher this week. Entry: 143.300 TP1: 144.200 TP2: 145.700 Goodluck trading and follow me for more analysis!
Respected followers, GBPJPY is taking support on Double Bottom. We can see strong bullish from current price. Kindly follow my analysis.
GBP/GPY to go up withing channel on the 1Day view. Better view on the 2day
GBPJPY, has made its correction. i am now expecting it to be ready to make a move up. its just broke fib extension at 0.236 (144.372) happy trading SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE