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gbpjpy forming perfect continuation flat.
From a tactical perspective this one fo the good setup for me.
risk/reward also good.
.....................what types of traders you want to be?
1. painful trader or
2. Joyful trader
choice is yours
if anyone has an alternative view on this pair please comment,
then we can discuss ...
GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement).
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is also ...
The Tidal Shift Strategy has just sold GBPJPY at 147.632. The system recommends entering this trade at any price between 147.344 and 147.92. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.125, which suggests that the GBPJPY could be trending downwards.The 14-period Average ...
GBPJPY is approaching our first resistance at 149.30 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5, 3) is also approaching resistance where we ...
GBPJPY is approaching our first resistance at 149.59 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 147.07 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in ...
I personally think that the price will be range-bound for GBP/JPY along this bullish pennant until Brexit negotiations are over in this month of October and I expect BOJ to still have dovish stance for interest rates.
I am looking for another drop onto the lower trendline for a long entry into the potential breakout.
I would love any feedback/advice about my ...
Far term view, obviously a lot of questions will be asked along the way, so will try to keep up the updates, possibly short term views will follow!
I have identified a potential long opportunity on the GBPJPY pair. I see long opportunities longterm on the weekly and monthly, and now a potential entry pattern has emerged to continue in to the long term trend. I am going to place a buy here. Let's see how things turn out happy trading for more detailed insights on my analysis feel free to leave a comment.
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 145.25 would begin in Midterm.
The RSI bounced from the resistance #1 at 68 and it prevented price from more gains.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more ...
GBPJPY is approaching its support 146.98 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 148.53 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance ...
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), and five daily candles for shaded yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. ...
GBPJPY 15/10 - Long gbpjpy with bullish harmonic at 146.8, Stoploss 146.4, TP 148
stup loss 146.80
Pullback to continue up????