Market Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPJPY for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area than look to go long. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based...
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
In this update we review the recent price action in the GBPJPY and update the trade strtegy and price objectives to target
GBPJPY regained sharply on a slight pullback in pound sterling. Technicals: On the lower side, immediate support is around 158.70, The minor resistance to be watched is around 161.50,
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Buy. Enjoy the day all. Cheers. Jim
Higher Highs and Higher lows have formed on the 1hr timeframe, price has also broken above the 50period ma. slight golden cross on macd above histogram bars, price on rsi is also curling up. Her is the following play I will be taking on this pair: P = 159.241 SL = 156.987 - 227 PIPS TP = 163.243 - 397 PIPS
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
Hello, i was so happy with GJ last week, my analysis played out on the weekly just like I had predicted. Praise Jesus! So for this week, I want to see price open up with a small bullish momentum, move up to 158.587 price range after hitting -27.86% fib level. If you entered this position for a minor structure buy last week, this will be your TP2, there after drop...
GBPJPY could run a long long uptrend. Looking better entry buy its a good option
As the price made a breakout on the resistance level at 157-155 the price has risen up and touched the level of resistance that has been break and turns to support R > S now price has touched the suport level a risening of the price is to be expected.
GBPJPY has broken down the famous head and shoulder pattern and price is trading below it. We are expecting downside in the pair as price action suggest. Remain on sell on strength as bearish pressure prevail.
GBP hits two-year lows on weak UK GDP data. Technicals On the lower side, immediate support is around 155.90, breach below will drag the pair to the next level to 155.80/155/154.
GBPJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
Don't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it. Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move. Do you think this is likely? 🚀
X2 Position 1. Buy: GBP / JPY Buy limit: 159.765 SL @ 159.330 TP @ 160.950 Max Risk: 2% 2. Buy: GBP / JPY Buy limit: 159.100 SL @ 158.740 TP @ 160.950 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
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
Hello, I want to see GJ make a minor move to the upside, basing this solely on market structure and divergence then there after make a move to the downside. But as I always say make sure you have enough confluences, that are lining up together as to avoid, fake outs. Long term I want to see a bearish move Have a blessed week. Jesus loves you♥️
Hello, right now you can enter in for small structure buy, but eventually will head in for sell, but enter with enough confluences when trading. To avoid fake outs, mark the zones, and trend lines wait for the trades to play out