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GBPJPY RETEST THE BOX IN RETRACEMENT !! TP 150PIPS SL MAXX 50PIPS
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
On the weekly time frame GBPJPY finally managed to break out from its long time resistance. You can see that in the past years it bounced back 3 times but this week it has finally broken it. This means 160+ is next for GBPJPY. Keep in mind that this is the weekly time frame providing a long term view. There will be plenty of retracements and small corrections to sell.
We've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade...
Our preference: buying position above 145.25 with targets at 146.10 and 146.55 in extension. Alternative scenario: in break of 145,25, a continuation of the decrease will be envisageable with 144,80 & 144,45 in line of sight. Comment: The RSI is bullish and militates for a continuation of the progression
GbpJpy - H4 - I see price testing the H4 demand zone so good buy with a great risk to reward. Also potentially a long term buy on this pair so great entry
GBPJPY is a perfect example of why you should also look at te higher time frames. If you would only look at the 30m, 1h, 4h, or even the daily you would quickly judge the GBPJPY has gone up a lot already and that it would be very logical to go back down again. How ever when you take a look and the weekly and monthly you see that price is still rather low and it...
harmonic pattern almost completed and GBPJPY Currently is at sell zone watch carefully and take good points entry good luck .
Hope you all had a great weekend. Looks like our active trades are making great progress to start the week, so let's try to keep the momentum going! The GBPJPY pair has been up trending on the Weekly chart since 3rd October 2016 and we can see price has touched down on the lower uptrend level a few times since then and has respected this trend line. Most...
GBPJPY is showing a nice buy setup on the 4 hour time frame and its also forming a cool bullish wedge on the daily time frame. You can see that its has been trading nicely in its range now and is now inside that range also forming a bullish wedge from which its about to break-out.
GBJPY is still long according to our system. we are just facing a pullback. we might either retest the support or make higher high.
Hi guys, i've been watching this pair for quite a while, price has finally reached the daily structure i wanted to. Here we have two harmonic patterns already completed (Bat and Gartley) and price has formed a nice double bottom with RSI divergence. The first way you can trade it is by buying right now, with stops below the lows and targets at a minimum 1,25:1...