This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Note:
Overall, We are bullish on GBP/JPY.
The price correction to 20-EMA followed by a bullish signal.
There are 2 trading plans:
1. Swing Setup, price pullback to 20-EMA followed by
a bullish signal. Can long now with little risk amount.
Or to zoom into H4 or H1 chart, wait for pullback
and bullish signal to long.
2. Wait the price correction to strong...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
On the GBP.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 140.595 & 138.498
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618%...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Bounce off the trend line at 146.250 after a bearish pullback. First target is 147.230, second is 148.400. I expect this to continue upwards to the 150 level if not higher. BUT before we get there we will obviously have pullbacks. We will buy those pullbacks. The trend is your friend. Bullspeed.
Best,
GJgangsta
Gbpjpy Trading around 144 level Strong support seems around 143.5 where weekly pivot point is 142.70
If hold above 142.5 level we can see a jump till 146-146.50 where on daily charge if hold above 146.5 level. next Station may b around 1.49-1.50
where below 1.4220 it can call for 1.37-1.38 level
Advice to buy in range of 144.05-143 Sl below 1.4220 TP1 146.5 TP2 149
Looking for a trend change in gbpjpy in coming months, we saw previous highs of 143262 which have recently been broken indicating the likelihood of a bullish direction. A close below 126494 will warn of possible decline.
Weekly the last significant high was 145195, we have been generally trading up for the past 8 weeks. The market remains strong at this time,...
-GBP/JPY manages to break the previous support zone strongly.
-There is less resistance on the upside.
-Risk to Reward Ratio is 1:2
We are bullish on this trade.
EP: 145.486
SL: 141.841
TP: 153.625
Btw, this trade got little positive swap :)
GBPJPY has broken previous H4 high of 141.75. Price has also shown strong momentum in breaking 0.5 Fib level from 24 June 2016.
Pending order set and targeting 145.50-146.30
