Gbpjpysetup
GBPJPY Set to Complete an Elliot Wave Zigzag PatternGBPJPY's chart above shows the corrective move that started from wave (v) high.
The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag.
Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b).
To complete the zigzag pattern a five-wave impulse in wave (c) is needed and that looks to have started now.
The break of the blue line is a good level to take a short entry.
My Idea on GBPJPYI'm looking for a long break on GBPJPY but first I'm seeing the market going side ways all the way to the yellow Zone, I'm still going to keep my eye on this pair we might see the break happening before the Zone. and like always we should respect the reversal patterns they can be a confirmation of the break coming up
GBPJPY shortlooking for gj to give us some push back to support and to finish this head and shoulders pattern.
GBPJPY - Weekly - THE BIG SHORT Gbjpy - monthly and weekly charts calling for big downside I'm seeing 132 before a pullback in pound yen.
GBPJPY MARKET STRUCTURE LINED UP WITH ELLIOT WAVE SETUPThis analysis shows an example of how Elliot Wave forecast used to line up with other technical indicators.
Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart.
As you can see, the blue zone lined up with minor demand/support zone, the third bounce of ascending trendline, and 50-61.8% Fibonacci ratio.
I will keep eyes on it to see how it played out!
What is your bias on GBPJPY? Let's chat in the comment!
Best,
Veejahbee.
GBPJPY LONG SETUPConsolidation box breakout to the downside to collect sellstop orders and hunt stops at the lows then go for stops placed at the high
TDI Sharkfin formation on 15min timeframe
TDI Divergence on 15min timeframe
Stoploss placed at 142.390
Aiming for 143.177 as take profit
GBPJPY 15MHello Traders!
This is a buy trade for 13 pips and then
a 2nd target set at 30 pips. The stop loss
is around 17 pips as seen by the red line
on the chart.
Best,
Jay
GBPJPYGoing Short..This is just an idea..stay posted for updates..use proper risk management..trade smart and be Blessed
GBPJPY 30MHello Traders!
This short trade might fill soon,
stop highlighted in red above and
two targets down below.
GBPJPY 15MHello traders!
This is a Tag&Go setup short, a sell stop order,
set and forget style is right on the red line at
140.592
The red circle is the stop and 1st and 2nd
targets are in green below.
Best,
Jay
GBPJPY 15MHello traders!
This is a Tag&Go setup short, a sell stop order,
set and forget style is right on the red line at
140.788
The red circle is the stop and 1st and 2nd
targets are in green below.
Best,
Jay
GBPJPY 15MHello traders!
This is a Tag&Go setup long, a buy stop order,
set and forget style is right on the red line at
141.384
The red circle is the stop and 1st and 2nd
targets are in green up high.
Best,
Jay
GBPJPY 15MHello traders!
This is a TG setup with trend. Have to wait and see
if price drops to get us in.
The red circle is the stop and the 1st target is
anywhere near the green circle below.
Best,
Jay
Gbpjpy 15MHello traders!
A clear drop continuation from a divergence high is under way for 30 to 40 pips.
Best,
Jay
GBPJPY 60M Long&ShortHello traders!
There are two possibilities here, a long from line B to A for 30 pips and a short from lines C to D for 30 pips,
depending on which way the market heads on open. These trades will be void however if the market opens
with a gap that disrupts current price action.
These trades can be taken with a buy stop or sell stop order as a set&forget setup.
It`s recommended to position stops no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
GBPJPY 4H/DailyTriangle breakout high for 200 pips for a risk reward of 1:4
Let's see if the initial breakout holds.
GBPJPY Analysis: Short on triangle breakoutGBPJPY is following a triangle pattern which is narrowing down and coming to an end.
There are high chances of the triangle breaking from the lower side.
I suggest you wait for breakout confirmation and go short for the pair.
