This is for short term And this is risky too. Please DYOR before entering the trade.
On GBPJPY, we have three descending drives and we’re currently on our third touch at price 165.971. By the look of things the market is indicating a strong bearish potential. The chart is characterised the shooting star candlestick and the hanging man candlestick to indicate a strong chance of direction, when the sellers happen to take over, we’re targeting price 160.000.
breaking of bearish flag pattern and significantly it will be bearish - lets see how it goes
At the moment i am just watching to see if it can hit 167.028 before i short with a tight sl then 164.717 will be my first tp and my 2nd tp will be 161.058 but tp probably wont hit till next week so that might be a swing if it break below 164.717
#GBPJPY ( British Pound / Japanese Yen ) - Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it - Rejecting from the DEMAND ZONE - Support Level Reacting as the RESISTANCE LEVEL - Selling Divergence - Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The price seemingly making another swing low in between the HTF uptrend channel while facing strong support at 163.182 & HTF resistance at 166.256. now if price is to continue pushing down it shouldn't breakout of the HTF resistance. so if price breaks the support while respecting the resistance, then price might continue to push down to the next support zone at...
#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat WEAK because VIX is slightly DOWN. ...
If you look at the weekly there is a bearish engulfing candle once it come back to retest the .235 ill be in a short because if you pay attention to how i trade these levels are the best entries and exits But we can keep chopping under the .236 till weekly closes then next week itll hit if it does chop
Price advance with a bullish impulse breaking and closing above our previous supply level, the mini range on the 15 minute chart is taken a correction to continue at least 100pips to the upside
Price while moving in a HTF uptrend channel, facing Major support at 165.119 & resistance at 167.834. Now if price closes below the support then it might continue coming down to make a deeper reversal towards the next key levels at 163.210 or 161.041. Similarly if price closes above the resistance, then it might continue pushing up to retest the previous high at...
Wait for the trendline breakout then buy it. Japanese Yen is not much stronger and it will fall more so by this all pairs of Japanese yes will rise against YEN.
so at the moment i am waiting for gbpjpy to break above my .236 lvl of (165.987) after itll run to the other .236 lvl of (166.805) which will be my first tp after it can run to tp2 which is 167.032 Entry:165.987 Tp 1: 166.805 Tp 2: 167.032 SL: 30 pips
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price after a retest on a HTF major support zone at 165.058, its currently showing signs of facing support as it formed a double bottoms pattern there followed by some price rejection/bullish momentum while its also facing resistance at 166.257. now if price on a 30m TF closes above the resistance, then we can expect gj to go for some reversal all the way towards...
at the moment i am waiting for a entry to long gbpjpy to 169.288 (.236 lvl) and that will be my first tp my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry...
GBP-JPY was trading along the rising support But broke the rising support so I am locally bearish And I think that the pair will go down