This pair made the bearish move we were looking for before finally finding some support and rising over the past week and a half or so. We went into the kumo, broke out, fell to test support, and have now started rising. I am looking for that similar drawback and testing of support for a chance to enter into a buy. I've set my entry level near the wicks of the...
came to my attention that the area of 146.500 could be a high potential area to place a sell order before we head down to 144.000
We are looking for price to reach our resistance zone ( red box ) before making a bearish run down to our support zone ( green box ) The technical all look good and are pointing to bearish movement, we have some high impact GBP news on Monday morning and then again on Thursday so this trade could easily be achieved this week. See how nice simple charts can make...
GBPJPY - BULLISH - Continuation TP - 147.5
Possible long position for GBPJPY. I predicted exactly where the price would hit the local support line and bounce back up, we will now take this conformation and use it to Buy GBPJPY to the next local resistance line, and after that we may take it to a stronger resistance line. Keep an eye out for updates as I will be following this pair closely. FX:GBPJPY
GBPJPY - BULLISH - NOW - TP $145.5
As I mentioned in my previous idea, GJ has two support zones. The first support at 144.80 failed and now we can back to the major support at 143.80-144.10. The number 144 is very important. Not only has it supported the price recently, even in 2017 and 2018, 144 acted as a major support. So, in my opinion, traders can buy with low risk at this support zone...
At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP...
Awaiting conformation for GBPJPY. Price is currently turning into a strong push towards a fairly strong support zone. This could indicate that a reversal is happening. However, we should wait for conformation as the price could break the local support zone and head to the downside, hence the red arrow. Price is also currently running below both the 50 EMA and 200...
Break or bounce? As you can see we have a strong support zone that has been used many times before where candles have entered this zone and then bounced, now we are looking for more of the same again as price is currently in this zone, so a bounce and bullish movement. The only thing to be wary about with this bounce is all the bearish movement going down into...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea ALL OUR TRADES AND POSITION UPDATES ARE POSTED TO OUR TELEGRAM AND INSTAGRAM PAGE Trade Telegram: t.me/K2Trades Chat Telegram: t.me/K2TradesChat Instagram: www.instagram.com
Back tested our major support and resistance zones in the market and it looks like our down trend will end soon. Possibly near this friendly support area. If so, based on fibs theory we are looking at a pretty sweet buy leaving us with 100-120 PIPS of profit. Good luck!
GBPJPY - The Bulls Tired Enough For Bears to Form Trend?
GBPJPY - BULLISH - But Holding to continue Push Upwards...
Despite being stuck in a relatively tight zone we have been rejected when attempting a longer term bullish trend. We're now sitting at tenken sen and getting rejected so far; a break down below price structure where I've placed my entry could lead to a nice bearish move, especially if we can break previous price structure lows. If you look to the left you'll see...
We can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone. If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p But...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
GBPJPY Intra - Bearish 145.5 / Swing - Bullish 148.5