GBPJPY has been consolidating in a narrow range between 185.95 and 184.53 for the past week. Any breach above 186 confirms further bullishness. A jump to 187/188 is possible.
It is good to buy above 186 with SL around 185.20 for TP of 188
GBPJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Previous resistance located at 185.89.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Although the anticipated move...
What are your thoughts? This is what we have on the 1h timeframe, there might be a probability that the market changes direction to the down side.The resistance level can be clearly seen, the market came to retest third times.
GBPJPY is Testing support with divergence on 1hr timeframe
buy on break of LH
TP,SL mentioned in chart
how was my plan , comment your suggestion
Thanks
GBPJPY currently positions itself at the Bearish Shark Pattern. While the pattern is not yet confirmed, aggressive traders might be tempted to seize the opportunity early, either to ride the potential high or out of fear of missing the move.
It's important to note that a shark pattern could offer as many as three entry points.
I'm intrigued to know your trade...
The price can cause pain in the chart by passing the current resistance range and by passing the 78.6% level. In this case, the movement process will continue according to the specified routes
As long as the price is above the green support zone, the continuation of the upward trend will be more likely
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
The International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy...
This is for short term
Marked Possible Buy Zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
market execution sell on this sunday market open trade . H and S trade, Bearish engulfing on 1 hr and 4 hr for confirmation; positive down trend unless we break out of the high which you could just take the inverse trade for a buy. 25 pip target
-PGP :)
