GJ is siting on a key level, waiting to see if that potential PRZ from Ydays low holds or breaks and I wont be looking for buys until 166.600 breaks or the Ydays low fails, same with sells, need Ydays low to break to then look to take price down to the 165 area Let me know your thoughts!
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Extremely Bear, But Current Move is lower high 2 📆Monthly: Clear bull trend at monthly 3 📅Weekly: A strong Order block at the previous top after its price goes higher low 4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started 😇7 Dimension analysis 🟢 analysis...
GBP-JPY was trading in an uptrend But then we saw a bearish breakout Of the rising support I think it will re-test the growing rising support then Will fall even further down Towards the target below
🔴 GBPJPY TF: 4H Side: Short SL: ¥169.434 Entry: ¥167.844 TP 1: ¥166.740 TP 2: ¥165.075 GBP is losing strength so it's time to start selling it.
At the moment i am just watching to see if it can hit 167.028 before i short with a tight sl then 164.717 will be my first tp and my 2nd tp will be 161.058 but tp probably wont hit till next week so that might be a swing if it break below 164.717
After a clear break of the support, we have a new target. The GBPJPY is therefore about to reach the 161.628 level.
#GBPJPY ( British Pound / Japanese Yen ) - Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it - Rejecting from the DEMAND ZONE - Support Level Reacting as the RESISTANCE LEVEL - Selling Divergence - Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
If you look at the weekly there is a bearish engulfing candle once it come back to retest the .235 ill be in a short because if you pay attention to how i trade these levels are the best entries and exits But we can keep chopping under the .236 till weekly closes then next week itll hit if it does chop
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
at the moment i am waiting for a entry to long gbpjpy to 169.288 (.236 lvl) and that will be my first tp my entry i would need the hourly to close above 168.113 then i think it can run back up to 169.288 if a 15 - 30 min candle does not close above then i will short but reall i want it to break over and run all the way up to 169.895 - 170.037 as my short entry...
Will post in update give me 5 mins to see what im thinking
GBP-JPY was trading along the rising support But broke the rising support so I am locally bearish And I think that the pair will go down
🔴 GBPJPY TF: 12H Side: Short SL: ¥170.095 TP 1: ¥165.030 TP 2: ¥161.896 TP 3: ¥1159.364 This pair is at a strong resistance and looking overbought. I think it will go down to around ¥160ish and then bounce up from there.
Looking for a short to start the week if we see further rejection from around the 167.8 resistance.. very early in the week with London session still to come, we may create some momentum from there so no rushing into any trades... 166 immediate target with eyes on 160 if that can break...
Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
List of confluences: 1: Trendline Breakout 2:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to short/...
looking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down. We will see what price does and manage risk based on that.