This is just early outlook how I think I could trade this one. I'll wait now for correction of breakout and then hit the short trade. As a break I'll consider any close of 60 min. candle bellow the purple line. my first target will be between 0.618 and 0.764 Fibo ret. Stop will be counted when I'll see how long it takes to break the purple line and how structured...
FX:GBPJPY CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com - Amon Tobin - Bridge ;)
Once EMA have a bearish cross, the best selling opportunities are above EMA(233) Short @166 at trendline
Pin bar rejection from 4hr support level which is also the .618 fib retracement level. Price action is below the kumo, impulsive moves followed by corrective moves show the Bears are in control, order flow seems to be smoothly rolling down in a non-volatile trend. The ichimoku kinko hiyo high lights how ichimoku wave theory makes the next impulsive leg down...
GBP JPY short to trend line, where demand zone awaits, possible break of the of the zone and trend line hitting below 155,500
If the pair pulls back to the 162 area there could be a potential opportunity for a short. Reasons to short - Larger trend is bearish Possible completion of a bearish bat pattern Returning to a major SR level (blue line) The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box) A...
1. ABCD harmonic pattern @160.00 2. 1.414 extension of AB 3. 1.618 inversion of BC 4. Resistance level @160.13 5. Look left for structure -- Manager.A www.rcpforex.com
GBPJPY is expected to sink now. There are many reason why we feel it may sink. * Abandoned baby in daily Chart . * To sink and come near 14.14 levels * Stoch RSI (3,3,14,Close) is un clear. * RSI (14,CLOSE) Is also of the view it may sink. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it...
GBPJPY is expected to sink now. There are many reason why we feel it may sink. * ABANDONED BABY in daily Chart . * To sink and come near 154.14 levels * Stoch RSI (3,3,14,Close) is not in favour. * RSI (14,CLOSE) Is saying it may sink. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to...
It looks like another down leg in formation, as it nears the resistance of the falling wedge pattern. Market seems to take it near 61.8% Fib Correction for the major up-trend basing at around 148 levels.
Risky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering. Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go. Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this...
After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level (1.272 extension). Projected target 2 at 148.00 levels (1.618 extension)
There are many reason why we feel it may SINK * It has not sustained quarterly ..... level. * BEARISH in WEEKLY Chart. * ToSINK and come near 157 monthly target 03 * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is not clear Keeping all the above indicators in view along with the chart pattern...
GBPJPY H1 Forecast: i think this pair is still very bearish. Price will move down in major moves. Therefore i expect small retracement, then further down.
The GBPJPY retraced after tested previous structure support (going up trend) now expect shift on trend to go short Any comments are welcome
GBPJPY is in a downtrend. I'm looking to sell Rallies on this pair. Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top. I just sold at the Double Top and looking for a retest of Previous Lows. Stops - 1 ATR above Double Top Target #1 - Retest of...