💎Sell GBPJPY @ 193.3 - 193.5💎 Wednesday 03/20/2024 04:21 PM EST 193.9 StopLoss —> 193.25 BreakEven+ TakeProfit 1: 193.1 TakeProfit 2: 192.9 TakeProfit 3: 192.7 TakeProfit 4: 192.5 TakeProfit 5: 192.3 TakeProfit 10: 191.3 TakeProfit 20: 189.3 TakeProfit 30: 187.3 Richard Eyo ~The Wizard 🧙♂️
GBPJPY with DOUBLETOP with Divergence. Entry Point CMP TP 190.630 SL 193.605
GJ finally found resistance earlier this morning and a huge sell off... Price broke support im waiting for a retest to create a LH to continue to the downside retesting daily resistance it broke earlier in the week
GJ has had a marvellous couple of days since BoJ rate decision, now we are looking a tad over extended, however being a carry trade I have no interest in the short, my focus for more entries is 'if' we get the pullback towards previous high, I will jump in and aim for 195.
GBPJPY idea short position analysis 1hr Pair : GBPJPY Position : SHORT(SELL ) Entry1 : 192.350 STOP LOSS @ 192.650 TP 1 @ 192.050 TP 2@ 191.750 TP 3 @ open ( Trailing SL )
As GBPJPY make all time higher high and retest its all time higher high and rejected from there so it might again making lower low and lower highs according to DOW theory.
GBPJPY is printing double top reversal pattern on 1H time frame my trade plane mention in chart
GBPJPY is in bullish trend showing support at the mentioned level bearish divergence wont play its role here it as swept the sell stops now gonna continue its trend to up side buy at market price
I am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame. I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN. I might change my order to...
- Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 30th july 15 and TP 2 on 16th july 15 bearish candle open. - If we are looking for sells we take on until 26th march 04 daily support. - Wait for 1 hour candle to close above or below zone to enter trade. - We risk 3 - 5% of our capital. Close trades once...
Entry Taken During London Session. 1. Price Rejected from The Major Supply Zone Creating LH's and LL's. 2. Price Created a New LH Indicating Sells. 3. Entry Taken at 15 M Break Of Lows.
Currently GBPJPY is at the resistance trendline of the parallel channel and has formed a double top so I am anticipating a downward move towards the support trendline.
GBPJPY is making a series of of Higher Highs and Higher Lows so if it breaks its previous Higher High it will continue its bullish movement
GBPJPY trending Bullish on 4 hours window Making HH and HL
Sell trade Idea GBP JPY 📉 Price 193.000 TP1: 192.400 Tp2: 191.500 Tp3: 190.500 SL: 193.390 Pullback idea
This Is An Educational + Analytic Content That Will show entry ideas for trades. Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The...
Bank of England release today. No change is forecast, but technically, I would expect liquidity grabs back down to monthly fibonacci support #1 before or during the news release. This trend is still strong going up. I anticipate this pair breaking June 2015 high.