GBPJPY created the daily low during London open by capturing sell side liquidity. It then closed a HHHC (higher high higher close) on the 4HR during NY session giving an optimal trade entry on the pullback. Price pulled back and re-accumulated on the 1min tf and never looked back. Target is the price imbalance that rests above on the 4HR. Now short term, order...
Hello my friends,
I hope you all enjoy your weekend.
I would like to share my trading plans for next week and i hope you gonna enjoy my plan.
If you find it useful, don't forget to give it a thumb up and follow me for my next update.
As you can see there is a clear Head and Shoulders pattern on GBPJPY,
Price broken below the neckline with a strong bearish...
1:Bearish structure:(Short order).Market making LL/LH and respecting Trend line.
2:Market might retest levels of 138.512 or 138.845, then back to 136.780.
3:Market have broken the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for...
GBP/JPY shorts into 136.600, on the daily I see a shooting star with the wick driving into 140.300 before closing lower. If we close like this on the daily I'll keep this short bias.
as you can see we have a strong resistnace line in the weekly timesframe and in the daily we have a slight bullish channel.
the Higher Timeframe has a downtrend and the daily is uptrend BUT, the price is inside the Komu Cloud and Tenken & Kijun Made a Sell Cross.
So my prediction is a Falling to the Downline of Channel.
What is Your Idea? Tell me ;)
GBPJPY
As per the last analysis the price reach our first entry and now its giving us a second one on the down side, let the price makes its reversal and the make an entry to the down side on the big dotted line to the next level near 139.
.
.
.
En base a nuestro previo análisis en este par el precio ya hizo la primer entrada y ahora nos esta dando otra posible...
In my last GbpJpy analysis I said that I will sell this pair on confirmation. Since then GbpJpy dropped 100 pips and now is trading just at the confluence support.
A break here should accelerate losses and give scope to my 135 target.
Sellers can try to sell rallies and only a daily close above 140 would change my bearish outlook at this point
Hello my friends,
Another setup for today is GBPJPY.
It is very clear that a double top pattern formed so we will sell this pair.
The neckline already broken with a solid close below it and this upwards movement is only a retest in my opinion.
Sell GBPJPY 139.15
Stop loss 139.45
Take profit 138.25 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I...
