If you are looking at the GBP JPY and wondering why it looks like it does..
Remember it's just one reason ONLY.
Price rejection re occurs because it becomes obvious (just use your eyes) that that certain area is for sellers.
Looking short accordingly on any RE pushes.
Trade type AAA
Reasons for taking this trade:
We hit weekly supply zone.
Liquidity pool above 166.630 has be cleared.
We are at premium price level hence a retracement is inevitable.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and...
Hello guys,As we see gbpjpy is moving bullish and now has reached near to its major daily resistance (167.677 )and there is really good sell opportunity. But as always remember dont enter right now wait until it gives confirmation on daily time frame which i think most probably it will give us at the end of this week or the start of next week than you can enter...
As we can see the price has changed character to the downside, took the IDM and got into the 4H OB we can sell here after a LTF Confirmation (CHOCH, Flip or Single Candle OB etc...)
After hitting the dynamic support level last week, GBP/JPY has rallied quite strongly. Price is currently
just below the resistance level and looking at the momentum, it seems GBP/JPY has a high probability to
reach the resistance level that I have highlighted in my chart.
Traders should adopt a "wait and watch" approach for now and see the price action at...
Technical Analysis for GBPJPY. Price trading at the resistance of bearish channel. Head and Shoulder pattern seems to be forming on H4. I would like to see price drop from here for the rest of the month.
Technical Analysis for GBPJPY. Price trading at the resistance of bearish channel. Head and Shoulder pattern seems to be forming on H4. I would like to see price drop from here for the rest of the month.
GBPJPY it's in a big divergence on the 3M / 5M Chart with the AO and RSI. Chart points towards an uptrend, but the other indicators are showing a big berish movement.
Dear trader this is not financial advice is just my own analysis.
Follow the Sell Area and always use SL.
Let me know if this helped.
Looking at the price chart, we can see price has done a Change of Character, and it is currently pulling back so it can go for a Break of Structure.
I am anticipating the reversal of the pullback at 164.50 - 164.74 region because :-
i. We have an Order Block yet to be mitigated in that region.
ii. We have 50% Fib Retracement level of wave A at 164.60
iii. We...
GBPJPY is showing possible bearish sentiment with recent price action. Price has reached HTF supply zones and is reacting bearish. Price is also making lower highs and lower lows on the LTF. There is a possibility that price may go fill the imbalances before making the real bearish move. This is just an analysis, Trade at your own risk. Watch for the bank...
It's a daily time frame and now trend look's like a making a ADD pattern. So now I waiting a great position. If market make short pattern in 1H or 15min time frame i will enter short position
