With all 3 waves out of 5 correction waves, I expect the price to rise after the specified level for wave 4
Generally speaking was expecting to buy GJ but like i said it was just a pullback then the price violated the structure meaning we are now in a bearish from the h4 perspective
This is my idea on GBPJPY pair. What do you guys think?
This is my idea on GBPJPY Pair. Harmonic Patterns: Gartley What dou you guys think?
GBPJPY has worked its way into a Monthly Supply Zone. A reversal here, would make for quite a trade to the downside. There was a break of structure to the upside, making for a HH. A return to impulse is expected to follow, to make the HL.
Looking for possible trades from a supportive area on GBPAUD and positions taken on GBPJPY like I explained yesterday... Risk Reward is key to becoming a consistently profitable trader.
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
This is my idea on GBPJPY pair. Fibo 0.618 retracement What do you guys think? Good Luck Everyone.
GJ prediction for 270pips if price will reach 148.900, than will test the POI and will fly
Short setup based on liquidity grab and structure break. Price is attacking buy-side liquidity while engineering sell-side liquidity to attack later. Use a LTF confirmation in the indicated price range.
As you can see, gbpjpy closed under 153.70. After retesting 153.70 to 153.75 it will gain momentum for selling. A close below 153.45 can be expected for safe selling. Non-farm payroll, which will be announced tomorrow, could determine the strength of the pair.
The Japanese Yen is considered a safe haven currency as it tends to hold its value or even increase during periods of risk aversion. Yesterday, the pound-yen splintered its 4h bullish market structure (Bullish MS: a series of higher highs and higher lows in the markets), plummeting over 0.91%. Being reactive is waiting for prices to retest and fail to...
IF we see a cute green candle close on the daily chart, then I'll be looking for a long position going to the daily resistance in green then after that we might see some kind of reversal back to the bottom. Please let me know what you think in the comments.
Looking Bearish to these eyes. Bearish momentum after a macro trend break. Check the video, and leave a comment. I would like to know if you agree or disagree, and why.
In the few days, we have seen some JPY strength! Some pairs with JPY as secondary currency were in a bearish trend for the last few days, a good example of them is CADJPY and EURJPY! The same scenario we can see in GBPJPY! Currently, this pair is in a bearish/downtrend structure. Not just that, on a daily timeframe, we can see that price is at 78.6% Fibonacci...
According to my Analysis GBPJPY is in UPward Parallel Channel Chart Pattern, Which is Confirmed by RSI Indicator