FX:GBPJPY Time for a correction? link below Safe trades;
On FX:GBPJPY , as you look at 4H chart, it is clear that the market moves sideways. There is no direction bias. The price is going close to 17th September High, where the price bounce is expected. The big institutional order mostly placed on key zones, so why not follow big guys?! There is a valid bat pattern, which gives the signal where to go short. Also, we...
FX:GBPJPY BAT : Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD CYPHER : Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD SHARK : Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100%...
On FX:GBPJPY , the market moves sideways on 1H bars. There is no clear direction bias. We all know that when the market moves sideways, it could be opportunity for Harmonic Pattern traders. It is a resistance level at 186.13. It is also X leg of this potential Bat Pattern. The market were close to that level few times but it was rejected as many times. It is...
FX:GBPJPY Bearish Bat and Gartley Pattern issues : Point B forged between the 50% and the 61.8%... Bat pattern point B 38.2% - 50% Gartley pattern point B 61.8% - can't touch the 78.6% Point C both valid... Point D for Bat pattern @ 88.6% XA - incompleted Point D for Gartley @ 127% ext AB or 78.6% XA - completed Targets for both: tp1 @ 38.2% AD tp2 @ 61.8%...
We have a very nice potential bullish bat pattern on FX:GBPJPY . Our stops should go below the red zone and targets will be fibs 38.2 and 61.8. Fibs 38.2 is very nice level due to structure (look left). Besides keep an eye on todays news. Avto_T Green Luck -------------------------- Pre Launch Survey Facebook Page Facebook Group Twitter
we have a very nice Bat pattern on FX:GBPJPY which is almost completed. Stops must go below the structure level 184.22, look left and check it. And our targets are 38.2 and 61.8 fib levels with the confluences of very nice key levels. Be aware that price has a high momentum, let it calm down and then go long. Besides we have a very nice confluence of weekly S1...
On FX:GBPJPY , there is a clear uptrend. Price makes higher high and higher low. Uptrend also well-confirmed by 2 Trendlines, which consider as a Channel in this set-up. Those trendlines are dynamic support and resistance. Price smoothly respecting trendlines, and it is more likely that it will do it again. It gives us a nice opportunity to go long. In my...
Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to...
FX:GBPJPY BEARISH GARTLEY almost complete, if not completed already at resistance... Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: (eventual SELL option) 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD Short @D Safe trades;
Today on FX:GBPJPY we have very interesting setup. So, first of all we have triangle, which is going to breakout down and go reach 193.01. Here @193.01 we have nice structure zone which can be hold and price could rally up straightaway of after little consolidation. Dont forget that there is a weekly PP as well. The second opportunity here is the potential bat...