We've broken the bottom structure! I've been holding this trade since 31/5/21 and it's been a really lovely and profitable setup to execute. We're about 50-60 pips away from my final TP but i may close out before then, we shall see. I hope to trade more GJ in the future, i've been able to execute some lovely trades on it recently. Updates to follow.
here is a nice set-up for a short coming close now on GJ... its the retest of the broken ascending TL.. along with the retest of yesterdays broken support (now should act as resitance).. and also the 38.3 fib retracement of the move down.. i believe this may at worst go to the larger faint fib 38.2 retrace i have marked on this chart too, so the SL should be...
this set-up is based off the 38.2 fib retrace, landing directly on a old strong resistance turned support. obviously take partials along the way and set SL to BE once in profit.
here we have price coming down to the 200 4hr EMA.. along with the main trend line 3rd hit, plus the key level of the lows to the left.. obviously take partials along the way and set SL to BE once in good profit.
At a major resistance area, plus we have been going up for some time now... Will it head back to the blue trend line or will the bulls power through and take us higher? 🤔
GJ is showing multiple bearish order blocks converging on additional Bear pressure to the downside. Good R:R Keeping it short and clean allowing the market time. Set & forget, safe trading.
Just providing an update to my swing trade: I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and...
Basic Analysis for GJ
✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ ✯✯✯✯✯✯✯✯GJ- GBP/JPY- Weekly Forex Trade Analysis- 06-06-2021 - 06-11-2021✯✯✯✯✯✯✯ ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯Trade Idea Information And Market Analysis✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ #1- Market Trend / Market Bias = Uptrend- The Market Trend Is Up A. Blue Arrow Pointing Upwards... Signaling A...
GBPJPY is at support prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair is holding trendline and structure support currently, and we anticipate upside into the 156.4 level.
Hello Traders! While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the eye signs. Heart in the box - a place to take profits Eye sign - spot to jump in, or watch Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool,...
still a long way off, but its the main target for my swing short, and somewhere ill be looking to enter a swing long. its the 38.2 of the main big fib, and nice KL.. if that KL does break, i see price being able to drop RIGHT down again.. obviously ill be taking profits along the way and setting SL to BE once in nice profit. check out my other ideas for...
this is just one of my trade ideas i see for the next few weeks on GJ.. this one is the first 38.2 fib buy, with KL, whilst it could easily run up and give new highs, i would expect price to move further down before new highs, so obviously take partials along the way at KL's and protect the position with SL to BE fairly soon. you can see my other set-ups in my...
we have been consolidating for some time of GJ now, after a huge move up... my last buy worked perfect, but we are now breaking down on tech, a retest of the TL is a good opportunity to short and run all the way down the to large 38.2% fib i will be posting trade ideas for the way down too.
As i said last weeks ...as I said last weeks GJ has reached 155,600 NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if...