This pair is going bearish 1-Going to break raising channel in 4 hour time frame 2-Heasd & Shoulder Pattern in 4 hour time frame
Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
After reaching a high of 157.50, GbpJpy dropped pretty fast to 153 zone. Now the pair is in recovery and, considering the flag formation from the recent bottom, continuation to the downside is probable. 155.50 is resistance and a good place to search for selling opportunities
Hello. I expect the price to correct the previous move of 61.8% below the set level.
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead GBP/JPY IS in a nice correction and I will be looking for the breakout and possible retest before taking a sell trade clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
The path is marked with an arrow line. If it goes according to the analysis, the possibility of making more profit will increase
This pair was strong bearish last week and i believe it will continue its bearish behaviour for the next week 1-Bearisg Flag Chart Pattern 2-Heading towards strong demand area on daily time frame
Hey tradomaniacs, welcome to a new free trading-setup! GBP/JPY: Daytrade-preparation Notice: Waiting for retracement and confirmation! Market-Sell: 154.395 Stop-Loss: 154.730 Point of Risk-Reduction: 154.070 Take-Profit: 153.010 Stop-Loss: 33 pips Risk: 0,5% -1% Risk-Reward: 4,0 LEAVE A LIKE AND A COMMENT - I...
Hello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
We can see strong impulse, than very nice correction, so I expect to see GBPJPY around 151.500
it's a good trend and the correction is over. good risk/reward. time to trade. don't forget money management only risk on 1% of your balance. good luck.
The British pound cratered against the Japanese yen to reach down towards the ¥154 level at the end of the week. That being said, the market is more than likely going to continue to show signs of negativity, as we have closed towards the bottom of the range, and we have seen a lot of negativity in other markets as well. Keep in mind that the pair is highly...
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead GBP/JPY continuing on from last weeks trade i can still see this pair falling down lower so only looking for a short so i will be looking for a pullback to order block zones to take a sell trade This is my analysis only please trade with caution and risk management in place good luck for...
We have corrected nicely on our first run from 157.00-157.20 short and profit 155.67. Now we are seeking to re-sell and for now we have positive stochastic, but a negative MACD. We are still well protected at the top of the Donchian as well. Strategy is to SELL 156.45-156.75 range (trend line resistance 156.57 for now). Stop-loss I feel 157.55 (financial...
Hey! i am looking it like this. What would you think. Comment please
Hello traders. Due to the failure of the trend line, the price is expected to decrease by 80 pips in the first target and 130 pips in the second target. Be profitable
Hi TRADERS this is my trade set up for the GBP/JPY for the new week ahead so i am expecting A DECENT CANDLESTICK CONFIRMATION IN the order block zones and will be looking for a SELL trade only if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading...
Remain short and keep stop-loss around 157.80 for now. If a new sell strategy, SELL 156.70-157.00 if reached. The MACD is on the verge of becoming negative and we have ample room down. For now keep profit order at around 155.27