GBP_JPY Break trendline, And a move down towards the target 1 or 2 SHORT
GBPJPY has formed another bearish engulfing pattern after breaking down from a symmetrical triangle pattern. The price is showing another possibility of a drop from this level as the price has just started a local downtrend and drop to monthly 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.
Trend: Bearish Candles: Three White Soldiers. Support & Resistance: Price moves up after testing the support. Fibbonaci Retracment: Tp is set to 0.5 fib levels.
Trend: Overall Bearish Trend Candle Sticks: Shooting star at the recent LH. Resistance: 4h Resistance Level Parallel Ascending Channel: Break Fib Retracement: The current price is at 0.5 of the previous bearish rally. Reasoning: 0.5 Fib retracement, channel breakout, and shooting star indicate that price will likely go down from here.
GBPJPY has formed double bottom around 163 and showed a nice pullback. The near-term resistance is around 165,
GBPJPY analysis update and I’m seeing it’s going to move for +150 PIPs to the downside ✅
GBP_JPY Break trendline from bullish to bearish 1H And a move down towards the target SHORT
#GBPJPY Currently, GBPJPY is going up slightly due to MARKET RISK ON. We expect GBPJPY to wave UP again. Anyway, that PRICE can fall on the SUPPORT LINE below GBPJPY again. But now GBPJPY PRICE can go UPSIDE MARKET. GBPJPY can definitely SELL at 160.097 LEVEL. For that, MARKET RISK should be OFF and JPY should be STRONG in the short term. But we can BUY...
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 above the resistance level at 164.000. We expect a simple "break pullback continuation" trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
In 1 hour TF it has formed a triangle shape I have marked the entry points along with the 1 HR TF In 15 Min TF wait for pattern confirmation for entry points Risking/ Reward is 0.084 /3.49 happy hunting guys good luck
GBPJPY went to lower levels as we predicted yesterday. Price action broke and closed below the support level. This is a simple trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade Levels: SELL LIMIT/STOP: 163/162.4 STOP LOSS: 163.5 - 164 TAKE PROFITS: 160.9 - 161 *Will post 1hr signal and trade levels once available. Follow to receive an update of when I post chart analysis and trading ideas. Like and comment as well. Hope this was easier to read and understand.
GBPJPY analysis update and I’m seeing it’s going to move for +150 PIPs to the upside ✅
Currently, GBPJPY is going down a bit due to MARKET RISK OFF. We expect GBPJPY to go UP again. Anyway, that PRICE can fall on the SUPPORT LINE on the GBPJPY chart again. After that the MARKET can go UPSIDE. You can definitely buy at the GBPJPY 168.69 level. For that, MARKET RISK should be ON. But we can sell GBPJPY up to 158.60 LEVEL according to the...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
w; bullish but its been rejected from the same resistance twice so I am expecting some bearish moves d; ranging 4h; ranging for any shorts ill be looking for the price to break the range zone, the previous HL, the s/r zone with a momentum candlestick, and below the ema's 50/20 1h price action confirmation and below the ema's