Hello Traders! As we promised for some Traders, there is the GBPJPY daily detailed forecast by the EWA/EWP analysis! Excuse us for the long wait. By popular demand, we present you, 3 additional video-forecasts within GBPJPY currency pair. GBPJPY - FORECAST! (1-st variant) - youtu.be GBPJPY - FORECAST! (2-nd variant) - youtu.be GBPJPY - FORECAST! (3-d...
Clear breakout and targets.
GBPJPY breaks strong support area around 180.30 and still showing signs of weakness. Entering short with SL above 180 and TP about 178.75
Bonjour, Our "VIP" members took two positions in the GBP/JPY pair on the break of a trendline. They also added another position as price couldn't break through support which held over a two day period. Took profits on half of the position @ 181.27 for a 486 pip gain and are still holding on to the other position continuing to ride the momentum down. The P&L is...
A continuous pattern awaiting breakout.
Entry To find the area where the C move might end. We draw a Fib extension and anticipate the reversal between 1.279 and 1.618. When we have the area, we look left for a green small candle body and place the entry at the open of that candle (184.077). Stop loss Place a stop loss at (184.477) so risk reward is 1:5. In this case, our reward is 196 pips so we...
I think we have a great trade in the works on this pair, the break out and pattern hasn't totally confirmed but it's looking promising.
Bearich Bat Pattern spotted on GBPJPY, we will go for SHORT position with a nice Risk:Reward ratio. Target Profit: 183.20 Stop Loss: 189.00
The GBPJPY has been in a Rising Channel since October. Rising Channels tend to break to the downside. Today we finally got a break & Close out of the Channel on the 4hr Chart. This would be a longer term trade. Stop is 1 ATR above Breakdown Bar. Target is the measured move of the Channel (yellow line).
this was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's...
Time is ripe for this upward correction to end as we have a bearish AB=CD pattern formed. A breakdown of the 184.49 support can be taken as the short trigger. In that case, the target should be the major swing low at 180.69 and the stop loss level should be whatever high the bulls make prior to the breakdown. Good luck, Ali Sharif Azadeh, CFTe
There is a bearish bat pattern completing in the horizon. You might want to check your rules in this setup. See my detailed analysis here. goo.gl
FX:GBPJPY Time for a correction? link below Safe trades;
On FX:GBPJPY , as you look at 4H chart, it is clear that the market moves sideways. There is no direction bias. The price is going close to 17th September High, where the price bounce is expected. The big institutional order mostly placed on key zones, so why not follow big guys?! There is a valid bat pattern, which gives the signal where to go short. Also, we...
FX:GBPJPY Bearish Bat and Gartley Pattern issues : Point B forged between the 50% and the 61.8%... Bat pattern point B 38.2% - 50% Gartley pattern point B 61.8% - can't touch the 78.6% Point C both valid... Point D for Bat pattern @ 88.6% XA - incompleted Point D for Gartley @ 127% ext AB or 78.6% XA - completed Targets for both: tp1 @ 38.2% AD tp2 @ 61.8%...
Technical analysis: •50 EMA rejection •200 EMA rejection •61.8% retracement rejection •Rejection of Key Horizontal Support/Resistance line @ 185.000 •Down-trending Market •Deceleration present •Tweezer Tops candle pattern •GBP/USD and SPX500 are both showing bearish momentum (weakness in the SPX500 often means strength in the Yen as a safe haven) Negative...