- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também...
As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend...
Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it...
GBPJPY Smashed my Take Profits for +240 Pips today, and +594 pips TP for this week and -170 pips STOP LOSS for the week which totals
+423 pips profit, I told you to risk your whole account on it. Please Like and Follow for next weeks analysis.don't miss out FOLLOW OZIWESTFX NOW.
As we can see, GBPJPY brokeout from its resistance area (red area) followed by a nice retest and bullish movement upwards. I will be looking to see GBPJPY testing 23.6 fib level where we can see a short price rejection followed by a continuation bullish to the trend resistance line. Also, there will be a resistance level @ 138.65 where I believe price will travel...
GBJPY currently running at 136.214 and have made a clear bullish momentum towards its next resistance at 137.30 on H4 timeframe.
If it breaches the minor resistance at above blue zone which end on 136.40, then it will be a clear bullish movement. Buyers can hold their trades till next resistance.
Remember : GBPJPY just like most of other GBP pairs (GBPUSD) is on...
Here's an idea on the GBPJPY pair, the pair is currently trading in an ascending triangle within a bigger ascending channel on the D1 chart the ascending triangle could be a signal for continuation on the pair. looking for a continuation to the upside and for the ascending channel to hold and continuation with the bulls.
Buy after market open from Current...
Possible opportunity to buy GBPJPY. Wait for confirmation with H1 close above the Open or VWAP.
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Weak: GBP & JPY
This trade is valid until 2020/07/08 @ 4 pm BST.
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GJ has reached its H4 mitigation level below and from this point it should rally to the either the first tp value or second one before a reversal to the downside. The risk to reward ratio is amazing, you risk 57 pips for a reward of 195-301 pips depending on whether it strikes the first or second tp. Use good risk Management and safe trading :).
If you got any...
As guys you know forex market moves and makes trends in head and shoulder it never move straight in one direction thats why earning from this market is little difficult but if you understand the pattern of how market moves it become very easy to make good profit now gbpjpy will retest its support and than comes down to its previous h4 resistance after this gbpjpy...