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...
Price looks to have found a new support area as on several occasion the GBP has come to this level and held steady even amidst heavy news. Waiting to see where this goes.
GBJPY Buy setup :Watching GBJPY
If you want to keep updated on this trade click the link in my bio and join our FREE signal group!
GBPJPY was totaly exhausted trying to go further down, so what I expect from GJ this week is defitinitely uptrend movement. Important Supply area with daily resistance is important and major area to break. Daily trendline is also major resistance, which will try to hold GJ in downtrend. After breaking trendline + resistance area, i will be looking for buy...
GBPJPY easy setup as you can see on chart I will be shorthing breakout previous resistance (support now) and trendline break, which will lead into making new lows Do not forget to trade with proper RM/MM and caution. Good luck guys.
Looking for price push upwards and respect this tough area. Though it may have closed below the fib levels I expect it to to push upwards
Waiting for signal where price is going. Price seems to break the trendline, but it could also be fake. Expecting upward move if price goes above 141.000
Hey guys, i want to wish you a nice weekend by offering you these two harmonic patterns (one is almost complete) on GBPJPY. Stops below X, targets at 382 and 618 retracement of AD leg. Good trading! If you want to ask questions, feel free to write them below. Otherwise, see you in the next chart!
To keep updated on this analisys click the link in my bio and join our FREE signal group
To keep updated on this analisys click the link in my bio and join our FREE signal group!!!
Evening guys British Pound sustains drop as May comments on fears for coming Brexit... (138.831-139.090) which may activate some rebound correction Below (1.2080) on cable will indicate further downside on all sterling pairs will be expected toward (1.2000) zone with the gates then opening for (1.10 and 1.00). GL and please remember to like and comment your...
The 50 EMA (red) on 4h seems to be acting as a nice support which has created multiple different support trend lines coming off of many different areas on the chart. A 4h close above 141.50-60 could indicate the start to a 100-150 pip bullish move. If you look at momentum the highest high it made was November 10th 2016, ever since then it has created lower highs....
Note: Overall, We are bullish on GBP/JPY. The price correction to 20-EMA followed by a bullish signal. There are 2 trading plans: 1. Swing Setup, price pullback to 20-EMA followed by a bullish signal. Can long now with little risk amount. Or to zoom into H4 or H1 chart, wait for pullback and bullish signal to long. 2. Wait the price correction to strong...
Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline. Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time,...