GBPJPY breakdown the ascending trendline with doubble top chart pattern, also GBPJPY market take a retracement on trendline then bearish engulfing candle maked so bear trend start with fully confirmation...
GBPJPY SELL NOW 185.30
STOP LOSS ON 186.10
TARGET LEVELS : 183.70 & 182.90
USE PROPER RISK MANAGEMENT SYSTEM ...
DON'T COMPROMISE WITH STOP LOSS...
Dear traders, as mentioned in yesterday's idea, GBP/JPY has run into resistance
in the 4H chart. Price has backed off after hitting the 4H resistance level.
So, if this continues, GJ can fall further to the 183.50 level. My plan is to short
the rallies in GBP/JPY as long as the resistance holds with target at 183.50
GBPJPY made a big move by market makers.
Big order zone is waiting around 186 area. There is a decent chance for a double top and retracement to the 183.5 - 184 area, which also aligns with the 0.5 Fibonacci. From there on a Buy could be possible, I personally would target 186 for TP, and wait for further signals.
The FX:GBPJPY reverses its course after posting decent losses of 0.20% on Tuesday and has risen past yesterday’s high of 185.46, as buyers target the current week’s high of 185.95. At the time of writing, the cross-pair is trading at 185.57 for a gain of 0.22%.
Even though the uptrend remains intact, price action seems overextended, though, in the short term,...
GBPJPY
Pivot 185.100
- If the price is higher than the pivot, Long target TP1 at 185.965, TP2 at 186.777
- If the price is lower than the pivot, short target TP1 at 184.310, TP2 at 183.410
– Previous Daily candle closed Bullish around 185.420 breaking above weak Daily Resistance formed on Tuesday, Forming Daily Support around 184.820.
– Buys on close above 185.670 targeting Daily Resistance formed on 31st August 2023 around 185.970, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.430.
– Sells on close below 185.200...
This is something i would be looking at in the markets right now. If we can get this further break on the 4H TF to the upside we have a clean 4H demand with a handle of 185.000 to look to mitigate and get a smaller time frame conformation of.
Today is the first week of my phase 1 prop firm challenge. I'd like to document the entire journey win or lose, so you see where I need improvement, as well as areas I did well, while in the trade. This way you can learn from my experiences, and fast-track your trading success. There are a set of rules that I stick by when placing my trade and for the sake of...
I have a Bearish Stance on BOTH the GPYJPY and EURJPY...
- Price Divergence Between GPYJPY and EURJPY.
- Price Divergence Between GPYJPY, EURJPY and LBR310 Oscillator.
Entry Scenario #1 - Aggressive
- Enter When H4 Bar Closes Below Today's Open
Entry Scenario #2 - Confirmation
- WAIT! for the Previous Day LOW to be Broken - indicating lower prices ( or it...
GBPJPY, I am expecting Longer Term Down because at this lever weekly POI is there and also head and shoulder pattern is generating here, so my recomendation is to set a trade for minimum 1200+ pips.
sorry guys, my posts recently have been taken down, not sure why anymore.
also i had to prove i wasn't a commercial trader.
i will be quite busy with my real work soon, so i will post less.
looking at this trade at the moment. if some rejection esp with 1hr close in this area, and support to be at our entry on the 1hr close. i will like this trade on 15m to...
So the previous trade, the entry was good, the direction was right, however my stop loss was too tight. I'm currently up for the week so the trades I am taking are surplus trades with minimal risk. I managed to take an L the last trade and lose less than 0.2% so is that really an L ?
This trade is add on to my original trade. It is quite riskier because now I...
As it looks, GBPJPY is ranging between 180.0 and 186.. if it breaks 186.0 resistance then it will test 190-194 as limits. Failure to that it might fall to 172
