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...
Read text written in the chart.
Strong resistance at 184.000, pinbar candlestick. Should drop to at least 181.247 where there is hesitation and where it probably will go up and retest resistance at 184.000 level again.
Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
FX:GBPJPY BEARISH GARTLEY almost complete, if not completed already at resistance... Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: (eventual SELL option) 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD Short @D Safe trades;
GBP/JPY IS APPROACHING SIGNIFICANT RESISTANCE AT 194.59, OFFERING A LOW RISK SHORT TRADE AS A DOUBLE TOP MAY POTENTIALLY FORM. PRICE ACTION PREVIOUSLY SUGGESTED THE 194.59 LEVEL WAS PROTECTED BY SELLERS, A REJECTION OF R1 AGAIN EXPOSES THE DOWNSIDE OF 190.97 (S1) - A BREAK OF THE SHORT TERM TRENDLINE THAT HAS FORMED WOULD ADD EXTRA CONFIRMATION OF FURTHER...
Short Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of...
Everything on the chart. Maybe it gets a little higher. Two possible trades. SL above previous high. Good luck!
I am looking for a short untill 183 area, which is point 4 of the wolfe wave. From there I would like to buy if the falling wedge in RSI breaksout north. Targeting at least point 5 and maybe even the sweet area in the wolfe wave. Once arrived there I believe we have a lot of pips to be made at the sellof.
I don't place trades off of the daily timeframes but I do watch them on a consistent basis as part of my top-down analysis and GBPJPY has been one that has been in some what of a fight as of late. After easily rallying up into structure it's come to a halt and it looks as if the bulls may be running out of steam. Just look at the wicks, they're trying to push...
SHORTING NOW FOR GOOD 30 PIPS SL. BASIS FOR SHORTING IT IS SIMILAR TO MY PREVIOUS IDEA. THIS IS ALSO THE DEFINITION OF GETTING BACK AT THE MARKET. THIS IS MY SECOND ATTEMPT ON SHORTING THIS. PRICE HAS ALSO MET WITH RESISTANCE AT THE D1 SMA. THIS TRADE HAS GOOD RISK REWARD AS I WAS ABLE TO GET IN AT 177.95. NOT SAYING THAT THIS IS A SURE WIN TRADE. BUT I HAVE...
AS MENTIONED IN MY PREVIOUS IDEA. WAIT FOR BEARISH PRICE ACTION AT THE RECTANGLE AREA BEFORE RE ENTERING A SHORT INTO TREND. SUPPORT TURNED RESISTANCE H4 50SMA RESISTANCE D1 20SMA RESISTANCE SO AGAIN, BASIS FOR TRADING THIS IS BECAUSE ON THE D1 PRICE HAS BROKEN THE TRIPLE BOTTOM AND MADE A NEW LOW. THUS, IT IS ALREADY CONFIRMED BEARISH BIAS AND WE WILL...
SELL AT 176.95 WITH PRESENCE OF CONFIRMATION. ANALYSIS IS WRITTEN CLEARLY AT CHART TOO. SELL AT SUPPORT TURNED RESISTANCE TRIPLE BOTTOM BROKEN, UNBELIEVABLE W1 BEARISH ENGULFING USUALLY WHENEVER I SEE A BEARISH ENGULFING AT W1 I WILL PLACE A SELL AT 50% OF THAT BAR. 176.95 WILL BE NEAR THE H4 50SMA AND 20SMA THIS TRADE WILL STILL NEED CONFIRMATION AND IS...
GBPJPY got rejected at its 61.8% Fib of the 189.71-17549 decline and is looking primed to extend its declines towards the 170.82/168.02 target zone. All that stands in the way of the bears is the 175.49 February low. A confident break of this level will increase the probabilities towards it target zone. Intraday 176.79 is resistance. Bears have the upper hand as...