Good Morning Traders! Upon analyzing GBPJPY I recognized a possible inverted H&S Pattern on the Daily Time-frame. Obviously that signals a possible bullish uproar. So, I started to search for more bullish confluences. On the 4 HR Time-frame I spotted an ABCD Fib Pattern. Price recently found support near $136.40. Following the close on that level, price...
Following up with yesterdays Analysis, GJ is continuing its retest around the $136.72 level. If price manages to close above that level, then I predict price spike to $137.00. To back up that idea I spotted a possible triple bottom formation.(Marked On Chart)
Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish...
as we see a weakness in GBP on brexit not deal pressure we plan to grab some good profits on this pair too
so we will enter to trade after confirmation break on the given zone so we trade with low risk and high rewards
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GBPJY is position at price @ 137.34 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 137.67 and if the price closes below @ 137.65 then our move will be short to the downside with target price @ 136.80 and @ 136.65
I am bullish until the price reaches @ 137.49
Good Luck Traders.
Hello my friends,
I got another setup coming for you today. Another pair with JPY which is GBPJPY.
I am using daily timeframe for this setup so don't expect price to move quickly along with our direction.
Noticed that price already break below the ascending trendline with a solid candle close from previous candle.
This upwards movement was only a retest of...
After dropping almost 1000 pips started at the beginning of September, GbpJpy found a bottom at 133 and now is in a correction.
In my opinion, a new leg down will follow soon and I'm looking to sell this pair around 50% Fibo retracement.
The first target for bears can be 135.50 zone
Today's candle is definitely one of the candle that is important as we determine how GBPJPY may move in the next few days. The question that some of you may ask is if this is a retest for a BULLISH move or a fakeout. Personally, I see this more as a fakeout as 138.28 price level is where a strong resistance level lies and we definitely say a rejection for today's...
GBPJPY has break a higher high and now after a small retrace it will going to move more higher as we expected
we are going to buy it from this strong support zone which was a Resistance and break successful now we are trading this pair with a small risk and higher rewards
friend we love you likes and comments kindly keep following us for more updated trades
GJ has been rallying major steam for the bulls. I predict movements upwards towards a strong Weekly Key Level after the breakout of the top boundary in the 4HR Channel. Every time a reversal has occurred, its been very easy to read in this channel. I drew 2 possible scenarios for GJs upcoming price movements. For scenario 1 I see price going for a retest of...
Hello my friends,
Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time.
Here are some of my positions which hit SL
GBPCHF pairs for -50...
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...