If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Small risk taken on the GBPJPY break of 15minute candle, 30m candle price action will be key on how we manage risk here If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
The pair has printed what looks like a bearish head and shoulder pattern, will be looking for downward continuation.
Another pair to trade is GBPJPY. Setup is pretty much like my GBPCHF ideas which is bearish flag pattern. Although this bearish flag is not as clean as GBPCHF, it is very possible GBPJPY also making a bearish flag. Sell GBPJPY 152.00 Stop loss 152.70 Take profit 149.10 (5.5R) Use only 1-2% risk Good luck Enter on your own risk
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
The market is following its trend line from the top and testing lower high every time. I believe that the market will fall more from the current level.
GBPJPY SHORT idea sell point 151.425 we will update soon put low lot
Sell positions will be triggered upon trendline violation. Mind you this is a weekly chart. *Disclaimer* This is not financial advice. Forex trading is a risky business. Exercise proper risk management. #TradeLikeMagnatrio
Most times, the best set up is patience. The market has respected our previous buys and now our sell limit. I'm bearish on the retest on the double top neckline.
Apparently this is just a pullback in the downtrend. Do not take it seriously. The trend is still declining
gbpjpy analysis : Reasons : 1)price action 2)support levels Price is getting bounced nicely once it hit their support levels.
This is just an idea and not a signal. Depending on the pattern of the head and shoulders, it can be seen that the situation may continue to decline.
GBP/JPY Signal Market Sell: 150.300 Stop-Loss: 150.850 Target 1: 149.500 Target 2: 148.550 Stop-Loss: 55 pips Risk: 0,5% Risk-Reward: 3,18
Recently, checking Marketmilk on Babypips shown GJ on a downtrend. The bear market has been steadying since Friday. If you'd like to take part in this downtrend, use proper risk management.
GBPJPY failed to break above 153.300 last week. And finally broke support on Friday, we will wait for a retest of support as resistance and sell price down to the neckline of the break out to fill the imbalance from a few week ago.
GBPJPY Short Setup Continuation trade: 👉🏻 Price has a potential to form a corrective ABC movement here. Previously broke below and tested the 152.550 area, we could see further sell off to the previous low of 151.300. Running trade
Everything is given in chart please trail your stoploss and follow your rules Thanking you