The over trend is still bullish on the long run, but i expect price to pull down to the inscribed section, and even lower before the push up. Hopefully, we get entry during London session tomorrow. What's your thought? Follow if you found value ❤️
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
- Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 27th july 15. - If we are looking for sells we take on until 04th may 24 and tp 2 18th dec 03 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 price reverses to opposite...
GBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower this year, for a higher degree wave 4 correction.
Everyone has a weakness... Mine are symmetrical structures, because they are points of liquidity! Once you find a good entry pattern, buumm let's go !!! It all depends on your perspective... Keep it Simple!
On previous post i said GBPJPY reached decision point, now it seems decision made and it will go higher.
💥💥💥Good morning guys!💥💥💥💥💥 It's a new trading week. On chart we are looking at GBPJPY for a Buy trade. NOTE : If support @ 190.360 hold, we will see a push to 192.300 else we wait for retest of 189.00 Price level.
Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 191.147. The above observations make me that the market will inevitably achieve 187.678 level. P.S The term oversold refers to a condition where an asset has...
Gbpjpy is in an uptrend zone and it has broken our psychological level and retested so we are going for long.
Currently, the GBP/JPY selling area stands at 191.328. It might be prudent to consider setting take profit levels at 191.00, 190.00, and 189.00 to capture potential gains as the market moves downward. It's also advisable to set a stop loss at 192.30 to mitigate potential losses if the market unexpectedly reverses its course. Always monitor the market closely and...
If you had taken the trade idea early you would be stopped out. Momentum is slow 191.57 we had a double rejection (Double Top) Don't be bias and stick to a direction, stick to market movement and direction. Wait for the close of the next hour and candlestick confirmation (Evening star, dojis, rejections) in order to determine whether we are stay up or faking...
Looking really good for a sell we have seen some liquidity come in and we should be seeing price move to the down side
GBPJPY 30MIN R:R = 4 DBR ZONE : This zone is calculated by supply and demand method
Hello traders, GBP/JPY pulled back 300 pips from the highs at 193.50. However, the dynamic support level on the 4Hour chart has prevented further declines. As you can see in the chart, 190.40 level has held well so far. In view of the above, if price tests the support level again, we would consider buying GBP/JPY@190.40 with Stop Loss placed below 190 and TP at...
GBPJPY Outlook for the Day! DOUBLE THREAT: Daily price closed with a bullish momentum. I am anticipating a buy first as price is retesting the Weekly swap zone (RBS) & H4 buying breakout zone. Target: I am targeting a buy until the H4 resistance for a selling continuation. Action: We start off with the buy until price collects higher resistance of H4 for a...
The LTF setup gives more precise level when we set OP or TP. But always remember to do multi-timeframe analysis to get a bigger picture of the market trend.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 191.88, which is a pullback resistance that aligns with the 50% Fibo retracement. Our take profit will be at 190.36, a multi-siwng low support level. The stop loss will be placed at 193.41, a swing-high resistance level High Risk Investment Warning Trading...