Hi all traders,
I have done this video analysis of gbpjpy for you all to take note of some of the important areas.
Now that gbpjpy have broken the important trend line, we should be sell biased at least for now.
Do leave your questions in the comment section.
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We are expecting a small push up next week on this pair as part of correction and make sure once you are in keep moving stops it could potentially be pull back for more down side so taking profits at small intervals would be wise.
Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced...
Good Morning Traders!! Mr. Pipzz here with LOBFX!! We had a great week of trading, & we hope you did too. I've been analyzing & trading GBPJPY all week. So, here is my analysis for Friday.
An Ascending Triangle pattern has formed on the 30m Time-frame. Price has currently broken to the downside of the Triangle Pattern. I expect analysis validation after a...
Trend is your Friend!
1. One Touch, Two Touch and Third Touch usually
completes a Trend.
2. EMA acting as Dynamic Resistance, Buys will
have high validity once markets cross over EMA
and we have it acting as Dynamic Support.
3. Markets have Bounce off our Golden Fib Zone
an Psychological level @ 133.000 where big
The medium-term trend for GbpJpy is clearly down with the pair dropping almost 1000 pips from the beginning of the month...
However, it seems that this fall has stopped for the moment and the pair has found support just above 133 zone.
A short term buy with a target of 135.50 could be a good choice for scalpers
The GBPJPY pair is positioned for a long term SHORT and Bearish runs to the downside with an expected support level @ 130.646.
Once the price breaks below the support level @ 130.646 price should run to the downside for @ 125.500.
We will take our entry on the bearish engulfing/confirmation candle @ 135.190 on the daily chart. This will take us to our first...
We are expecting a push up next week on this pair, make sure once you are in keep moving stops it could potentially be a correction for more down side so taking profits at small intervals would be wise.
Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns...
Hello my friends,
Today i took GBPJPY sell as well.
I analyze this pair on 1hr timeframe to time my entry.
As you can see i marked my sell area which previously acted as support. Price broke below it with strong candle yesterday.
The upwards movement was only a retest and i took sell positions righ after it got back below the marked zone.
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Target 1: 136,615
Target 2: 137,050
Target 3: 137,750
Stop-Loss: 61,5 pips
Risk: 0,5% - 1%