Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 193.09, which lines up with the 161.8% Fibo extension Our take profit will be at 191.31, a pullback support level. The stop loss will be placed at 194.98, which lines up with the 161.8% Fibo extension (week) High Risk Investment Warning Trading Forex/CFDs on margin...
As long as the price fluctuates below the green resistance range, a corrective trend is likely. By crossing the support trend line, confirmation of the downward trend will be issued
Daily timeframe has clear uptrend Price currently ranging near moving averages Buy stops at 191.253 Sl at 190.760 or little lower to account for spreads Tp 193.517
We are starting to sell toward the 188.038 level, and since this level cause break of structure a lot of traders will be buying from here putting their stops just below the level( using the smart money concept). But just below this level we have unfilled orders or true demand, the caught traders will allow the unfilled orders to be filled.. for now we sell...
Daily - looks promising to either side. if it holds above **191.213 - 190.515** then we are long biased, if below then we are short biased. depends on how it closes today. Origin - same deal here as daily. if price closes below **191.000** we are short biased and if it pushes up and holds above **191.175** then we can look for longs. need the daily zone to get...
Based on my weekly bias I will be looking for short positions pick your entries on 15m,30m TF
GBPJPY Pivot 191.000 - If the price is higher than the pivot, Long target TP1 at 191.630, TP2 at 192.150, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 190.580, TP2 at 190.060, cut loss if the price is higher than the pivot. ***Please money management***
Hey Traders, Check out this technical analysis on GBPJPY; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the...
OANDA:GBPJPY 4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/2024
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GBPJPY is printing double bottom with bullish divergence on 1H time frame which is indicating reversal so my Entry point is 191.242 Stop Loss is 190.563 and Take profit is 191.926 which is 1:1
GBPJPY ranged for the whole of last week, ranging between 2 prices. We have an area down here where we see 2 days/2daily candles which had 2 releases of high impact GBP news. Following these 2 days we see price start to creep up before JPY news came out and cause the break in structure. We can see we have an uptrend at the moment and GBPJPY is at an all time...
There appears to be no reason to refrain from pursuing a short position, assuming the price action aligns accordingly. This scenario has the potential to evolve into a substantial range. At the very least, I anticipate considerable resistance in this area, and that is without even considering the bearish pressure on the monthly candle. If the price breaks through...
Weekly= Bullish. Daily= Bullish. 4H= Bullish. Price currently rejecting 50% Daily Fib. As long as 4h maintains structure we are still good for buys. If 4h shift's structure wait for confirmation of buys again. Only looking for buys this week.
GBP-JPY - BULLISH Our ascending triangle was broken above, and now the previously resistance zone is confirmed as support zone.
I've been charting with a new strategy, that I've been enjoying to see the results of my hypothetical trades. Due to manipulation, it may vary slightly but I do believe the trend is bearish and I do see some more down side potential :)
When he breaks the specified areas as shown in the chart, it is assumed that he will continue his way towards the goals