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Hello guys! Today was interesting, hope y'all banked bags on bags 💰😋💥🔥 So Where is GJ Headed? - I am really interested in seeing where it goes next. Comment below if you have any idea.
Great short opportunity for GBPJPY. GJ is showing signs of exhaustion and has failed to break the previous high. They YEN is increasingly bullish against most pairs and GBP currently looks overbought against most pairs. My prediction is that GBPJPY will fall to a first TP at 151.5
If you like this idea, like it and follow me for more. Colour key: Blue = Monthly TF, Pink = Weekly TF, Grey = Daily/4H TF. I'm trying out a new strategy which puts a larger emphasis on the bigger picture i.e. the monthly/weekly trends. As you can see, i've marked out several supply and demand (S&D) zones where price has reacted in the past. I've also marked out a...
First of all, taking a look at the DAILY timeframe, we can observe that the price has printed some serious bearish candles. Moreover, switching to lower timeframes, we can clearly see that the price has rejected the local structure and is now headed to the downside. We are expecting the price to reach the area plotted on the chart
Analysis was done off the daily timeframe. Overall we understand that GJ is in an uptrend. It may take some time to get to our entry box, so be patient. A lot of experience was put into this potential setup. Also, we must understand that anything can happen, however if we were to take a trade this is where it would be. Discipline. Unaffected by the result.
In current uptrend, if respected we should see a push to the upside.
GJ has continued to climb but is also showing signs of being squeezed & slowing down. Daily TF is still bearish and i am expecting further down side at the moment
I like GJ for a short, basing it on a 618 reaction on the daily fib, marked 8 tps its about 500 pip trade. Trying to get back into my markups and perfecting technicals so comment or critique. Thanks.
this is my 3rd sell entry now 153 sl on all of them looking like this is the drop coming now started sellin on the 0.70 fib friday swing trade safe entry after that trend line break and re tests
As we can see from the illustration, the overall market direction is bearish. The price attempted a fake breakout to the upside to catch retail Stop Losses, and it is now getting ready to drop. We will be opening Sell positions and aiming for the target shown on the chart
nice touch of the 50 day ema adding more sells 0.78 fib level stop above 153 first tp 147 eurbgp looks good to buy not taking it myself
looks like the minor trend line is breaking at a good level on the fib retracement this could be a good level to start selling gbp index looks very bearish
If you like this idea, like and follow for more. I believe GJ will drop down 10-20 pips into that upper grey zone, bounce up and reject off of 152.100 before dumping. I reckon it will dump down to the bottom trendline/bottom supply and demand zone. If we see signs of it heading further down, then this may indicate that GJ is continuing a longer term...
GJ continuing on up past TP2. Black Entry hit TP1 Yellow Entry was closed in profit due to my Adjusted SL to make the trip Risk free. Jumped the gun a bit quickly as I believe GJ could potentially ride higher past Blue Entries TP3 close to .973 area. Hypothetical TP4 if you want to continue to adjust your SL and ride this up. Otherwise sticking to TP.
GJ Smashed through TP1 - currently riding momentum to TP 2 & 3 Follow for more!
Looking at current price i see price continuing to the downside during the upcoming London session. Waiting for a retest of the trendline and confirmation on the 1H before executing this sell trade. My first take profit target will be 150.950 respectively.
I have a potential sell here on GJ. Price is retesting this previous support. I'm waiting for a 15m confirmation to get in. tp1 1:5 R/R tp2 1:7 R/R journaling/learning purposes