Hi everyone. Please refer the explanation in the image. I'm seeing a potential (strong) Bearish setup on its way based on the current market structure.
Target ENTRY at the Confluence Area. TAYOR and let's see how this goes.
HAPPY LABOR DAY!
The pair has held at a major support zone and recently broke above a major downward trend line (yellow). We are predicting an upward trend from this point and we are currently long with take profit set at the green zones. FX:GBPJPY
Price is currently in a bearish trend so I am only looking to sell
# Trend is bearish
# Resistance level met with a pin bar
# 21 SMA pinned by pin bar
# Pin par is the signal candle
Shorting at market price 139.144 with
# SL above the resistance @ 139.965 and
# TP lower down at 137.443 (SL x 2)
As usual, don't bet the farm, always exercise good risk...
Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen.
Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in...
www.tradingview.com recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass...
# Price is around the demand zone
# Bullish railroad track candle pattern printed (buy signal)
Buying at market price 145.318
# Stop loss just below support @ 144.630
# Take profit higher up below resistance @ 146.832
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
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Price has been hanging around the supply zone for a while so I have been looking for clues to short.
We now have a small support that was broken and tested as resistance plus a bearish engulfing pattern has printed
Short @ market price 146.935 and
SL above the high of the bearish engulfing pattern @ 147.935 and
TP at support lower down @ 144.584
Don't bet the...
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex
We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart.
I think here it is...
Right now we are at a possible level of resistance at this Daily Key Level $147.5.
I will be looking for my TP @ 145.5 - Potential Point B - H4 TF
Which is in Confluence with...
GJ - BEARISH - COMPLETION OF 140.777 is HERE! #FOREX #FXPRONOW
Here we go! The Completion of 140.777 is here... Finally lol
We just need a Bearish Engulfing and no F'ery lol and we got it...
180 Pips on a platter ready to be gobbled up! lol
GJ still in a strong downtrend. Anticipating for it to find some support in the 138.6-140 zone.
Posted this chart earlier didnt receive a trigger to buy just yet.
Will update this chart when trade is active.
Re-activating my signals channel. Join for free to see more exclusive ideas:
Hi guys, as you can see in the chart that we are approaching a very major support zone. We have had multiple reversals from this area in the past. We will be looking for long opportunities on this pair in 2019.
Wish you a great year ahead! :)