All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
Wildly guessing the SL here. That's the weak part of my trading, not knowing how far a retracement can go. A tight stop loss might kill a good trade
In the world of trading, liquidity refers to the ease with which an asset can be bought or sold without significantly affecting its price. When a particular price level is tested multiple times, it indicates that there's a significant amount of buying and selling interest at that level. This creates what we call a liquidity zone - a sort of hotspot for trading...
GBP/JPY Analysis Hits the Mark, But a Few Pips Remain: Exciting News to Share! Hey Traders! 📈🔍 Our analysis on GBP/JPY has been spot-on, leading us to some impressive gains. 🎯💰 However, there's still some potential left on the table - a few pips that could make all the difference. 🚀💼 It's an exciting time to be in the market, and I couldn't wait to share this...
Price is at resistance on all major time frame, 4h, daily and weekly Market sentiment is 90% short divergence on the weekly timeframe which give us a much better view of the overall trend stop loss 194.40 which is pivot support for daily time frame Take profits level: 192.825 193.219 193.462 Good luck!! feel free to contact me for any question about my trades.
The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle. The Japanese Yen (JPY) continues to weaken across the broader FX market, prompting increasing rhetoric from the Bank of Japan (BoJ) regarding direct intervention in currency markets to shore up the beleaguered JPY. The BoJ is expected to discuss intervention...
Hello, fellow investors! 🌟 Hope you're riding the waves of the market! 🌊✨ GBPJPY is the star of the show, breaking barriers with gusto! 🚀💰 Here's today's market update: 🔍 *GBPJPY Analysis:* 📊 GBPJPY is in a thrilling showdown between 193.319 and 193.578. 📉🔄 Anticipation builds as we await the breakout! Will it soar to new heights or take a dive? 🤔💥 📉 *Downside...
So far I've had 3 shots to bank TP2... Lets see if its got the legs to get to TP3 on this bear set-up.
- Trade Strategy: Support and Resistance Trading - Key Levels: Resistance at 192.75, Support at 190.37 - Profit Potential: 238 pips (~2,380 USD/lot) Analysis: - Trade Strategy: Sideways Bounce Trading - Key Levels: Identified resistance at 192.75 and support at 190.37 - Profit Potential: Significant profit potential of 238 pips (~2,380 USD/lot)...
!- Double Bottom. 2- Strong Support Zone. 3- Bullish Divergence on RSI 4- Bullish Engulfing Candle. Entry & Exit as on Chart
DID I FOLLOW MY PLAN? Yes I allowed price to break my failed swing! WHAT DID I DO WELL? I entered the correct session & waited for a retest! WHAT CAN I DO BETTER? Flawless Trade! WHAT DID I LEARN? Give your TPs some breathing room! DID I PREPARE PROPERLY? YES! I waited for a confirmation! WHY DID I TAKE THIS TRADE? I saw the trend reverse with the coorelating...
GBPJPY is moving in an ascending channel. The chart reacted to the last 3 touches of the support level with an immediate rebound. The support level is between 50% and 62% retracement levels. We expect a rebound after a retest of the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
Hey all! So, we have a new trade for the challenge! Enter: GBPJPY Short 📉. When viewing the H4 chart, we can immediately notice how the market went straight for the H1 resistance area just to be met with a ton of supply, holding the area as relevant, and after a few more bars, we see a strong rejection, with great chances of closing on a strong bearish note...
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill the imbalance and then rejects from bullish order block + institutional big figure 193.000. Fundamental news: Tomorrow...
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...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 194.91 which is a pullback resistance. Stop loss is at 195.47 which is a level that sits above the 127.2% Fibonacci extension level and the pullback resistance. Take profit is at 194.14 which is a pullback support that lies above the...
Entering late again. Bad risk reward. We'll see how it goes CORRECTION: Stop loss should be a bit lower than the one shown here. I made a mistake. Ideal SL 190.25
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 190.29 which is a pullback support. Stop loss is at 189.88 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 191.63 which is a pullback resistance that aligns close to the...