GBPJPY long strategy. This looks to be a day-trade opportunity so there are two positions, one for now and the other for later.
[b ]Whats Up Traders! I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting...
GJ has broke and retested resistance at 139.430 region, which aligns perfectly with the 50.00% fib retracement level. Price has been showing strong rejections at this support level so I am anticipating a continuation to the upside. Currently awaiting market open & a small retracement before entering, for a better Risk-Reward. Targeting - High at 140.400
Hello traders, GJ did a retest on the trendline and currently trying to push and taking liquidity. Be sure to look for patterns and basic market structure. Thanks for reading!
GBPJPY has been longing for a rise & break over Key Weekly Level 140.30 & 142.70. A rise towards those levels are supported by a few confluences. Firstly, we've been in a Daily uptrend since the start of November. (Green Channel/White Median/Left) I've identified a possible Cup & Handle Formation from the 4HR, I'm currently waiting for a closure completion...
68% fibonacci, support level, up trend, touched ema 200, (risk only for this trade 1 or 2%)
Retail traders we're trapped when price broke out of the channel/resistance area. Wait for the break and retest of the H4 resistance before looking for buying opportunities. Expect price to at least fill that wick, id suggest take 80% profits at that level and leave the rest of your position as a runner, stop loss to breakeven. Consider following my tradingview...
hoping that the support level can be respected and we break the resistance level to climb to the top. this is an impulse entry but very small risk so i am happy to take to trade.
I CAN CURRENTLY SEE DIVERGENCE ON RSI BUT I WILL BE WAITING FOR D TO COMPLETE TO CONFIRM DIVERGENCE. FIRST TIME PRICE IS COMING BACK TO THE DEMAND ZONE SO EXPECTING PRICE TO BOUNCE. COULD WAIT FOR A TRENDLINE BREAK TO CONFIRM THE REVERSAL. IF PRICE BLOWS PAST THE (X) & CANDLE CLOSES THEN BAT HARMONIC IS INVALID HAPPY TRADING TRADERS
GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish...
Following up with yesterdays Analysis, GJ is continuing its retest around the $136.72 level. If price manages to close above that level, then I predict price spike to $137.00. To back up that idea I spotted a possible triple bottom formation.(Marked On Chart) Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish...
Good Morning Traders! Upon analyzing GBPJPY I recognized a possible inverted H&S Pattern on the Daily Time-frame. Obviously that signals a possible bullish uproar. So, I started to search for more bullish confluences. On the 4 HR Time-frame I spotted an ABCD Fib Pattern. Price recently found support near $136.40. Following the close on that level, price...
Good Morning Traders! Upon analyzing the $GJ Daily time-frame, I quickly recognized a Pivot Level being tested. So, I crafted a bullish sentiment view for the Daily future price movements. If price manages to close above, I predict a continuation of the previous day bullish momentum. I've found a few potential target levels. First, I expect price to move...