Hello traders, want to share with u my Idea on GBPJPY some of u maybe took buy at the bottom. This is my expectation for this pair
In the past 6 weeks, GbpJpy fell hard, from a top around 158 to a low just under 150. At this moment the pair is trading in a strong support zone and a rebound is probable Buy dips under 150 can be a good strategy for a rise to 152.50 resistance and a risk:reward ratio of 1:3
Hello everyone, I will be lookin for LONGS on GBPJPY as u can see we had BOS, even line chart confirmed it.. my buys are on 15min zone or 30 min. that would be perfect
For me personally I'm not not even considering trades on GBPJPY at the moment with price a little indecisive after making a large sell off. If price can make it back to 150.00 - 149.500 I will look for long term buy trades.
Positive divergence in 30 minutes Time Breaking trend line in 5 minutes Time Minimum Target price May 1
Hello Trader's GBPJPY my love and I am happy to share my analysis bcoz after two weeks of consolidation price breaks and moving down. bcoz this is my daily trading pair. Thanks for your support
Got some nice positions on this pair yesterday and took 50% profit at 153.500 then got stopped at breakeven with the remainder. Ive entered shorts again off that 154.000 resistance and hoping to see price attack that support again at 153.500 and possibly lower, bit of a slow week so will be taking some profits again at 153.500
Ill be stalking the area of 152.750 for possible buy trades if we see more rejection here. Remember to keep a strict risk management plan! Sometimes if I'm placing trades at the same time with same currency crosses for example GBPJPY GBPUSD I will half the risk because if we get a huge weakness out of GBP it can send 2 trades into a loss...if you know what I mean
Looking at jumping on any quick moves out of 152.800, this quick sell off could have just been a fake move to attract more short sellers before making another push up... but am well aware of overall price downside structure so will respect a further downside move as well
With all 3 waves out of 5 correction waves, I expect the price to rise after the specified level for wave 4
Looking for longs on GBPJPY to the target if 159.00. Any position I take will have no take profit, instead I will trail my stop with the trends on the lower timeframes
After it has reached a high at 158, GbpJpy has started to drop but let's not be fooled, this is just a correction to the recent leg up. Also, the overall trend is strongly bullish so, the safer way to trade is on the buy side. From the technical point of view, between 154 and 153 there are a lot of indications of support including horizontal support and Fibo...
Generally speaking was expecting to buy GJ but like i said it was just a pullback then the price violated the structure meaning we are now in a bearish from the h4 perspective
Break of market structure for potential upside movement as a pullback then before a huge sell
GBPJPY has given a breakout and retest it with forming double bottom, signaling a buy call Trade Plan: Buy on Dip: 156.300 - 156.100 TP 157.745 (Trail accordingly) SL: 155.716
short trade for gbpjpy , the market make some correction we can profit with it
GBPJPY has worked its way into a Monthly Supply Zone. A reversal here, would make for quite a trade to the downside. There was a break of structure to the upside, making for a HH. A return to impulse is expected to follow, to make the HL.
Looking for possible trades from a supportive area on GBPAUD and positions taken on GBPJPY like I explained yesterday... Risk Reward is key to becoming a consistently profitable trader.