- Structure : downtred - Below previous resistance - Wait for confirmation => SELL
After GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
This is a short potential area that we can consider. If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
- GBPJPY might reverse it's trend - We got to see an impulsive move - Now wait it's time for corrective move and then go up again - Use fibo 50-61.8% for target
Long GBPJPY.. just started to posting ideas, this one went nice (will provide more fresh ideas from now on)
GBPJPY the price is 127.7 on the lower line of the triangle . let see if it will be strong enough to send the price up
Took this tarde, and hopefully it will test 130.50 level soon. There are some historical levels there.
Thanks for Taking Interested in my Trading Idea. GBPJPY: CORRECTION WAVE STARTED READY FOR NEXT IMPULSIVE WAVE. Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
GBPJPY'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...
I'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
looking for gj to give us some push back to support and to finish this head and shoulders pattern.
Trade on your own risk. Don't know would it go down like this. I'm beginner