The price is currently at @149.155. This is a significant H4 Support area (149.00 - 149.640) which has been tested multiple times in the past making it a great area to look for buying opportunities.
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...
The British pound initially tried to rally during the course of the week but turned around to show signs of weakness especially with the formation of an inverted hammer (a bearish trading candle that may indicate that price has reached its peak) on Wednesday. However, zooming out to the larger perspective on daily and weekly time frame, I have observed that price...
We have seen some bearish moves; Monetary Policy Report, 4 November 2021 gives bearish signs for GBP. now we will see some sell force going to 147 - 149 levels, we can sell for short target 151.700 - 151.400 before some buyers enter at this support level. probably we can see the price reverse but in general the JPY is strong right now.
The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how...
How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and...
This is just an idea and not a signal. Depending on the pattern of the head and shoulders, it can be seen that the situation may continue to decline.
GBPJPY is ahead of a "Make or break" situation as it is facing the Lower Highs trend-line that started all the way back from the 2007 subprime mortgage crisis. As long as it holds, the pair will most likely reverse back towards the lower Support levels. However if the 2007 line breaks, then it will most likely enter a new 1-2 year Bull Phase towards the 205...
Since last week, Japan has big problem again with Corona Delta variant and very common could delay economic recovery in Japan. you check on Daily chart of #CoronaVirus cases in Japan. Just worry it will create false breakout on the chart. Play safe and wait confirmation and do not rush your trade
It has been a while since I looked at this pair from a long term perspective but the temptation in the present contraction in the market can not be resisted as I identify a trading opportunity building up for an explosion! The British pound rallied from the Demand zone during the course of the last two weeks but since the 9th of July 2021, I have noticed that the...
price has been retest and have confirmation time to sell now my target 100 PIPS + good luck
GBPJPY still short trend, time to continue the trend. Here is my entry position
GJ seems create head and shoulders pattern..
signal for entry trading. like and comment below here
As my previous prediction run as welll. To continue the chart on this week. GJ create liltle correction still try reach the resistance.
As i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ... This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000 THIS WEEK...as I said last weeks GJ has reached 155,600 NOW...If we make a parallel between the chart on...
As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top. Trend : Up Signal : Long Scalp ( 153.50-154.65 range) Positional trade # 1: Long above 151.70 ( EMA 50) Stop Loss...