I am seeing a long sell DAILY We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence. 4H We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high....
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 7th august 15 and Tp 2 21st july 15 - If we are looking for sells we take on until 13th august 03 and tp 2 26th march 24 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the...
Entry Taken During London Session. 1. Daily Candle Strong Bullish Indicating Buys Over Sells. 2. Price broke the Downtrend Trendline and Created a New HH's. 3. Price Created a new Support zone Confirming A New HL. 4. Entry Taken at 15 & 30 M Break Of Highs.
Hi traders' structure might be developing bearish, but this is good risky short-term opportunity to the upside. Am expecting price to give us inner structure before the next bearish impulse. Don't rush into impulsive trades, wait for price to come at significant/psychological level in order to execute and be patient. Follow me for more weekly predictions and hit...
I've twice banked pips shorting GBP/JPY from the WR1 pivot this week and as can be seen the price is back at this level. We have a nice tweezer double top on H1 for the previous 2 candles and as SELLERS are clearly prepared to move into this market from this level, it looka good SHORT opportunity. However. The Andean Oscillator is not yet clearly giving a SELL...
Market Analysis PT1/2 (18th April 2024) GBPJPY Analysis On the 4 Hour timeframe, price action has created a WCR. This is a vaild WCR as it meets all 3 criterias of: - Range on the 1hr/4hr/Daily timeframe - Range is at least 100-150 Pips wide - More than 2 taps on Each Support/Resistance. Looking at the 1 hour timeframe, price action has created a 1...
Hello traders, after declining to 190 level, GBP/JPY has staged a remarkable comeback. The support level on the 4Hour chart has held and GBP/JPY is currently up 170 pips from the lows. So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55 Based on the price action, it...
Hello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy. Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In...
This is a counter trend trade, it's using a strategy that has been 70% correct this week, you can judge my previous trades whilst using this strategy for the last 2 weeks. This is a trade idea, however, I believe where I have marked the long position, I should react and have a good short-term bullish intention :)
This is my new strategy, I have been mastering, last week on demo, this strategy, made me $12 000 on demo, the liquidity might be swept, due to friday volatility, that could be a possibility, I'm seeing a break of structure and a break of a low, so this would be a counter trend trade
Please pay special attention to the accurate trend, and colored levels. Be careful BEST MT
The GBPJPY is currently fluctuating within a sideways trading range.
This is purely technical, still looking for fundamental data to support the new uptrend. The will Retail GBP news on 19th, so i will wait for a proper entry and setup later. But overall if i am to take this i would risk just 1%.
GBP/JPY move in uptrend in uptrend channel rebound from Demand zone
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 july 15 - If we are looking for sells we take on until 25th dec 02 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 3-8% of our capital. Close trades ...
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
Could this be a possible sell for GBPJPY? The market is currently reacting to Fib area, ther's been signs of rejection. The lower tf 4HR is showing a chart pattern for sell. Let's see how this will play out.
GBP/JPY is in a clear uptrend. I’m waiting for it to bounce off that support with rsi showing it will be oversold soon if it keeps going down I think it will bounce off support what do you guys think?