So I Made A Youtube Video Here is my prediction for GBPJPY for this week, with the UK economy set to open later on this week, i believe the market will move itself higher in order to kickstart a uptrend before next week when the UK economy will be in full flow.
However before rising i do feel that GJ will touch/kiss 131.500 before then shooting back up to 133.000. This will be a good pair to watch this week, but this may also be said for the GBP pairs throughout this week.
In order to find my youtube video, simply type in SJFXT on youtube and you will see my channel as to where i explain my strategies and how i use them.
Gjlong
GBPJPY LONG, waiting for retest, sign of strengthsGJ has made higher lows, a classic set up of finding strength in the price.
All we have to do is wait for it to break the trend line and previous resistance.
Can either breakout trade or wait for retest, depends on the next coming candle if it has a long momentum candle with large body.
If it ever the price bounced off the resistance or trendline, and breaks off support too, will now find short opportunities.
To Think I Only Started Forex a Month Ago...Probably like a lot of you..
Ive only been trading for about a month, since sitting at home and getting bored pretty much. But i didn't just get into this without knowing anything,
I done my research and took my notes (Didn't buy a course/ don't have a mentor) - Had my first profitable month and also blew my account. All so quick eh?
What can we do?
Regardless, GJ Analysis Above. Let me know what you think.
Thanks :)
Lets Talk About GJ Baby...So This Is One Of My Favourite Pairs.
It's Also The Pair That Blew My Account Last Week.
Now GJ could go one of many ways this week. Let me give you my analysis for this pair.
This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was initiated. So here we can see that just before close a red candle was formed, this may just be a pull back rather than a trend reversal. I have a line where i think the pull back may come up to. But as you can see i also have an arrow that is going downwards, if price breaks this trend line, i believe that this may not be a pullback but instead be a trend reversal.
Heres why there may be a cause for a trend reversal:
- Current situation in the UK is becoming similar to the situation in the US. (i.e Protests & Risk of a Second Coronavirus Wave)
- The government not being upfront with the people. As well as this Brexit discussions.
However as i stated, as the businesses are now re-opening there is a chance for the pound to get back to the 141/143 mark by the end of this week.
Let me know what you think of my analysis, or if theres anything i missed.
Thanks :)
GJ - Falling Wedge pattern???The beast is quite beasty, but still churns out some nice patterns. I'm gonna soil myself (and am sure many others will too) if this thing rocks a break out to the upside. I see a lot of "short" analysis and I always like to assume that if the herd is thinking something, better to think the opposite. Guess we'll see.
GBP/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Buy: 133,200
Stop-Loss: 132,610
Target 1: 133,915
Target 2: 134,190
Target 3: 134,640
Stop-Loss: 59 pips
Risk: 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GBPJPY Daily Chart 600/700 pips movement.GBPJPY had really small volume lately. It is laying in a supply zone at the moment, I believe it to reach the first demand zone that I have traced in the next two weeks. My indicators and my algorithm gave me the confirmations that my opinion about the trend could be possibly correct. Next week fundamentals might play an important role, as UK has the strongest COVID19 strain along with the US at the moment.
GBPJPY long, short term tradeFX:GBPJPY
this time I have an idea for the GBPJPY. In the very short term it should bounce off the 50%/SR/value zone, so it's a triple confirmation for an energy point that should be tested. If it does with a nice price action I will enter a buy looking for 40-60 pips. The only minus in this trade is the day of the week: Friday.
I don't like to trade on Fridays, I don't like to leave trades open over the weekend, I already saw huge losses on Monday due to weekend gaps and stuff, so I prefer to bake my Saturday bbq nice and relaxed.
Happy Valentine's !!!
LG






















