Monthly bias - short: Rejection from the monthly sell zone + liquidity run above previous high. Weekly bias - short: Previous weekly candle is filling the pin bar wick that we’ve created in week 13. This tells me that we’re almost ready to create the next move downwards. Week 15 - analyses: I expect a push up towards the 162.8 area where the .618 fib is located...
GBPJPY losses its momentum to go higher highs on the daily timeframe around 162.12 zone area. It will be likely to go downtrend and retest on the support area around 160.993 which will be our first target. Price action confirmation will be validated first before making an entry. #tyor #dyor
📉 Expecting bearish price action on GJ pair but ONLY IF price will take out the buy side liquidity on the H1 and will reject the bearish orderblock h1 somewhere around 162.000 from there we have a clear area to go lower into 159-158. What do you think ? Comment below..
Hello traders, this is my opinion on what will happen next on EURUSD . ➖➖➖➖➖➖➖➖➖➖➖➖ GBPJPY has turned reversal trend on and is about to go bearish. Best sell scenario around @ 161.300 if price goes up there. Everything is on the chart. ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lot's if you gonna trade on this, always use proper risk management and do more research...
GBP-JPY was trading in an uptrend But then the pair broke the rising support lineand the horizontal resistance at 161.350 And as it now retesting the broken trend-line I am expecting a bearish move down To retest the support below AT 156.100
On the lower side, immediate support is around 159, any breach below will drag the pair to the next level to 158/157.75. TP of 158.
the marked area is the interesting zone to watch for Short this pair, there are few confluences lining up in the marked area. Short this pair on the proper confirmation in the marked area with proper risk / money management.
GBPJPY is Bullish, But we expect bearish retracement Till 158.000 Price break the Level 158.000 and Go till 164.000, Now we expect the retracement or retest of 158. It would be a good trade option to sell till 158. Please manage your risk. price may go into the opposite direction.
We are topping out on GBPJPY and below DC resistance and we are overbought. The FIB Objective is near 157.40 and this seems a good possibility. Strategy is SELL 160.90-161.30 and take profit @ 157.90 for now.
The GBP-JPY is trading in a rising channel And the husband rises to re-test The channel's ascending resistance line We expect a bearish pullback, but because this pair is in an uptrend The trade will be in the opposite direction of the first We will have to wait for confirmation of the formation of a bearish pattern to confirm selling to target areas below at 156.000
GJ Is moving towards to its Supply Area, This week we can either see a reverse from its supply area or its makes a new High this week ! Structure is completely Bullish right now, So we can take a Sell from its Supply Area. SL is 66 pips so manage your RR according to your Account Balance. Good Luck for the week !
Hi guys you can see markeet move in impluse wave down side and now come back to mitigate order block area to go further down side....
Hey tradomaniacs, recent re-test of primary trendline and resistance has been rejected and could cause a continuation of the actual trend. JPY-Basket also looks bullish while the USD is still putting pound under pressure. Overall good correlations for a GBP/JPY-Short-scenario and great risk-reward here. What do you think?
Sell in sell zone or above. If break and retest is preffered go that route.
GBPJPY has been trading inside the given parallel Channel since the start of August 2019 ! in the past few months , the currency pair has made a pattern that resembles an M and even started retesting the fibonacci level . Taking into account the resistance the pair is approaching , i expect the retracement to end within 153.678 - 154.47 . After the completion of...
Two very good ranges for the Sell entry position The trend is definitely downward I risk more on the first range If it hurts, I will risk the upper range again
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
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead GBP/JPY Looking for a pullback in to the order block zone and I will be waiting for a selling confirmation before taking a sell trade This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like comment and follow