GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Hi everyone this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has still got plenty of legs to keep moving to the downside, so i am expecting a pullback to the order block zone and will be looking for a sell trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only...
gbpjpy , The artwork is nearing completion , Until this moment, this deal hits ✅✅✅ three tp and On its way to the fourth ✅✅✅✅ with total profit ✅✅ 580 pips and it still running , only 70 pips more and we all done
Price action suggests that price is slowing down from a seller perspective in this region.
I would like to see some structural shifts indicating that bulls have grabbed hold of the market before I look to go long up into the imbalance.
We need to mitigate the impulsive sell-off before we look to go short again.
The last OB on the 5M is calling me for entries.
I would like to see a purge of the Asian range before reversing from the last OB marked to the upside.
This could be extremely profitable if done correctly.
Risky traders could set an order, patient traders could set an alert and wait for rejections.
Good luck, make sure to like and comment on this post!
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN.
-The pair is trading in that descending channel with significant momentum towards the downside.
- Upon open today we've been in the formation of a bear-flag possibly signalling continuation.
- Targeting both...
GBPJPY is on my selling list again after sideways price action on 6H chart.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
LESS IS MORE!
The British pound initially tried to rally last week but then collapsed on Friday as we saw a major “risk off move” around the world. The new coronavirus variant coming out of South Africa has people selling anything remotely close to being risk-related. It is worth noting that the market breaking down the way it has does suggest that we have momentum to the...
GBPJPY is still making a deep pullback from the parabolic bull run it had back in October.
- GJ is heading down to 152.500 to make a double bottom on the daily timeframe.
- GJ is currently preparing for another huge bullish reversal.
- GJ still has another 100 pips to go before completing it's retracement, this is a swing trade.
- GJ should start heading up...
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND YEN
* looking for trend continuation on this pair.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
GBPJPY - Intraday - We look to Sell at 153.62 (stop at 153.92)
Broken out of the channel formation to the downside.
Price action continued to range between key support & resistance (152.80 - 153.60) although we expect a break of this range soon.
The bias is to break to the downside.
20 4hour EMA is at 153.68.
50 1day EMA is at 153.83.
We look for a...