Good day my fellow traders! Today I broke down GJ, and how exactly we got to where we are today within the market. Watch closely and take notes as I breakdown entry points that I personally took, as well my overall thought process to even build the story that came true! I hope you guys enjoy this video. Follow, Like, and Comment if you enjoyed this breakdown!
– Previous Daily candle closed Bearish at 180.150 closing above Daily Support formed on Thursday 13th July 2023. – Buys on close above 180.720 targeting 30min Resistance at 181.180, Leaving Runners to the Daily Resistance formed on 17th July 2023 at 181.670. – Sells on close below 179.850 targeting 1h Support at 179.480, Leaving Runners to the 4h Support formed at...
– Previous Daily candle closed Bearish at 180.570 tapping into Daily Support formed on 13th July 2023 around 179.800. – Buys on close above 181.040 targeting 1h Resistance at 181.560, Leaving Runners to the 4h Resistance formed at 182.020. – Sells on close below 180.230 targeting Daily Support formed at 179.800, Leaving Runners to the 1h Support formed at...
– Previous Daily candle closed weak Bearish at 180.900 as price still ranging within the 4h timeframe. – Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390. – Sells on close below 180.750 targeting Tuesday Daily Wick Fill at 180.360, Leaving Runners to the Daily Support...
– Previous Daily candle closed Bearish at 181.260 forming Daily Resistance at 181.670. – Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390. – Sells on close below 181.110 targeting 4h Support at 180.640, Leaving Runners to the 15min Support formed at 180.310. – Overall...
More than enough for the day. We have hit another significant level, therefore there's no need to be greedy. Either close, move SL into TP or move SL to breakeven.
– Previous Weekly candle closed weak Bearish at 181.660 respecting the recent Weekly Resistance formed at 183.170, Friday Daily candle closed Bullish respecting Thursday Daily Support formed at 179.810. – Buys on close above 182.140 targeting previous Daily Support formed on 30th June 2023 at 182.500, Leaving Runners to the 4h Resistance formed at 183.170. – Sells...
– Previous Daily candle closed Bullish at 181.340 forming Daily Support at 179.800. – Buys on close above 181.450 targeting 1h Resistance at 181.760, Leaving Runners to the Daily previous Support formed on 30th June 2023 at 182.260. – Sells on close below 180.800 targeting 30min Support formed at 180.440, Leaving Runners to the 1h Support formed at 180.020. – As...
– Previous Daily candle closed Bearish at 179.800 closing below Daily Support formed on 21st June 2023. – Buys on close above 179.970 targeting 1h Resistance at 180.350, Leaving Runners to the 30min Resistance formed at 180.700. – Sells on close below 179.470 targeting 4h Support formed at 179.120, Leaving Runners to the 1h Support formed at 178.840. – High Impact...
– Previous Daily candle closed Bearish at 181.450 rejecting the previous Hourly Support formed on 22nd June 2023. – Buys on close above 181.900 targeting Daily previous Support formed on 27th June 2023 at 182.330, Leaving Runners to the 15min Resistance formed at 182.590. – Sells on close below 181.100 targeting 1h Support/ Daily Wick Fill at 180.800, Leaving...
– Previous Daily candle closed Bearish at 181.720 breaking out of the Daily consolidation Zone. – Buys on close above 181.870 targeting 1h previous Support formed at 182.300, Leaving Runners to the 15min Resistance formed at 182.580. – Sells on close below 181.190 targeting 1h Support formed at 180.830, Leaving Runners to the Daily Support formed at 180.480. –...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪 After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy. However by looking at the weekly...
A strong retest would have better had it happened before the drag down. I had not yet set my sell stop but had put this on my chart. There I'll wait before entering. The blue rectangle was an area of sensitivity, our channel was showing the pullback/slow down of the big trend. Now we are in a new phase, so we watch for fakeouts and long bearish pressure
We would like to see a break of structure whether upwards or downwards in order to take a trade. The chanel we are stuck in suggest we should expect a break upwards but with refinement and zooming in to see candlestick formations we are seeing a possibility for the downtrend. Either way we wait for break and retest then entry before a definitive forecast is...
– Previous Weekly candle closed Bearish at 182.380 forming Weekly Resistance at 182.930, Friday Daily candle closed Bearish within the Daily Support Range on the Daily timeframe. – Buys on close above 182.650 targeting 4h Resistance formed at 183.090, Leaving Runners to the 30min Resistance formed at 183.450. – Sells on close below 182.020 targeting 4h Support...
– Previous Daily candle closed Bearish at 183.480 forming Daily Resistance at 183.730 as price still ranging within the Daily timeframe. – Buys on close above 183.850 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.030...
– Previous Daily candle closed small Bullish at 183.730 as Daily still consolidating within current Daily Range. – Buys on close above 183.960 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.460 targeting 1h Support formed at...
– Previous Daily candle closed weak Doji Bullish at 183.590 as the Daily consolidating. – Buys on close above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.300 targeting 4h previous Resistance formed at 182.860,...