With a bullish momentum on this pair; I am looking forward to taking advantage of a potential counter-trend opportunity in the form of a retracement phase for the Pound with a take profit target at retracement into the golden zone on the daily time frame.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
Hello this is my first post in a longtime but i am finally back.
I trade only one pair now and its the GBPJPY.its good to master one pair than be a jack of all trades.
I have been profitable on this pair over the years hence why i am sticking with it .
the setup:
the pound has shifted to bearish ,
price is at a key support level so i will wait for a retracement...
GBPJPY declined slightly due to the strong yen.
Technicals:
On the lower side, immediate support is around 162,
The minor resistance to be watched is around 164.25,
Hello, currently we are at a strong area of resistance that has been tested previously, in the past. Price has just finished an impulsive move and is now in the corrective stages, and is around strong area of resistance. So wait for your confluences before taking the overall move which is a bullish move. More so, price is near the 23.00% fib level which will...
After a strong rally and the reach of 168+, GbpJpy has had the first leg down to 160. A correction came after and now the pair seems ready for a new leg down.
164.00-164.50 is acting as a strong ceiling now and I expect a dive under 160 for a test of support.
Only price back above 165 would make me change my opinion
4H
BEllow the ema's
break and retest making a new structure
bearish trend line
1h
break below the 2emas with a clear momentum candlestick
I took this trade 5 days ago and have been in this range since, so the above were my confluences and I am still waiting for it to break down.
if the price broke above the 5/14 and 200ema ill be out of the trade and look for a...
Hey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
Hello, as you can see GJ is near a weekly foundation and whenever price is next to that area we tend to see a lot of consolidation on smaller timeframes, although you can always take advantage of minor structure although I would love to see GJ close off with a Doji candle, at the end of the week. As we are in the corrective stages on the weekly timeframe.
Happy...
Price was moving into the range and tried to continue moving up but failed and broke below our sell zone. We waited for the price to make a new LL on 15min and placed sell. Stoploss at previous high and target was previous low..................... Let me know if you guys have any questions in the comment section.
The British pound broke down significantly last week, reaching down to the ¥160 level. The ¥160 level is an area that is a large, round, psychologically significant figure, and the fact that we bounced from there should not be a huge surprise. The question now is whether or not we can break above that massive shooting star from the previous week? I suspect we...
Hey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
d/4h
bearish trend
bellow 50/20 ema's
broke previous structure.
now I am only looking for a break of structure and s/r zone with a 4h engulfing candle then imma go down to the 1h to look for an entry
Expecting bullish price action on GJ as we are in a bullish mraket strucutre from a HTF premise, price filled all the bullish imbalances on it's way and right now we should go for the bearish openede imbalances. Price rejected also an important area of a bullish orderblock on the H4 with a clear bullish candle on the H4.
Market Sentiment tells us that retailers...
A few days ago I said that, in my opinion, GbpJpy can reach 180 in the long run, and my opinion is the same.
As it was normal after the strong shoot up to 168, the pair has corrected and this correction can be a good opportunity for buyers
158-160 zone is strong support at this point and here I will look for opportunities.
That being said, dips under 160 should be...
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
SHORT GBPJPY at 165.83
TP at 161.76
SL at RH 168.43
GBPJPY is breaking down and collapsing out of the upward channel. I expect to find aggressive sellers here as Cable sells off also.
GL
