Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to...
#GBPJPY - According to the GBPJPY analysis we gave the previous day, GBPJPY did not move in a DOWN SIDE WAVE. The reason for that was because of a FUNDAMENTALLY JPY WEAKNESS. XXXJPY has been BUYing very fast since last week. - JPY has weakened slightly as VIX is slightly down. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became...
GBPJPY as I explained last update I wanted to see make a pullback from this zone and that's exactly what we got. Now we need to be patient and wait for confirmation on a right shoulder or another rejection from sell zone to take entry's.
Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
GBPJPY 4H : has opened with a gbp and on the first session, it has formed a strong bullish engulfer. Daily: Resistance is broken and retested a couple of times. Weekly: A bullish engulfer formed the previous week and this week opened with a gap. Trend: Long-term trend is up A possible buy trade is highly probable
GBPJPY is approaching a major resistance zone, which is psychological level as well. Look left. Price action is consolidating on the Daily timeframe. Rejection candles are going to be the best signal to take a trade. We expect some pullback from the psychological level. ------------------- Share your opinion in the comments and support the idea with like....
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press like button if you enjoy this content 😊
hello guys, sometimes I wait for market to take the move then I'll enter; right now the market seems to be in consolidation from few days and I am waiting for good setup to be formed. so Patience is the key to success.
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention Great British Pound vs Japanese Yen GBPJPY
GBP-JPY is trading in a downtrend In a narrowing bearish pennant pattern So IF we see a bearish breakout Then we will be able to go short With the confirmation
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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. Press the like button if you enjoy this content 😊
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
GBPJPY broke and closed below the support level. Look left, the structure leaves clues. Price action is moving in the channel. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support
GBPJPY is pulling back to the resistance zone after a sell off. Price action is moving in a descending channel and it's likely to test the resistance level. Again look left structure leaves clues. We expect test resistance level and higher border of the channel which acts as trendline. ------------------- Share your opinion in the comments and support the...
GBPJPY is consolidating after a sell off. The market created a box. Price action usually pauses before breaking out and going further down. We expect test support levels. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short GBPJPY @ 163.30 TP: 157.88 SL: Will keep an eye and most probably cut this trade above 164.60 area. We saw a dovish hike from BOE which cause a sell off in GBPXXX currency which was all reversed on the back of the US NFP print (which doesn't really make sense). I would think this GBP rally will be short lived and I expect sterling to trade weaker in the...
GBPJPY has rejected the resistance level. We could see some pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.