GJ has been bearish as well for the past week as you can see price was making LH and LL Price had a shift in structure as we can see how it shifted from a bearish market to a bullish market like i have it shown with the blue path tool once price broke out of the descending TL and failed to break below the daily purple structure zone which is a strong key level...
The GBP/JPY fell for the fourth straight day late in the North American session, set to finish the week with losses of 0.44%, below the 190.00 threshold. At the time of writing, the cross trades at 188.98, down 0.31%.
Bullish break of structure + Return to OB. Stochastic divergence bullish.
This Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
- The GBPJPY pair has rebounded strongly since the start of the year and the impact over 178.75. The market registered higher highs and lows, pushing prices 7% up in less than 2 months. The medium-term trend was therefore bullish. - However, the market twice failed to break out its last high at 191.20. This failure led prices to break their uptrend line, as well...
Second Update To The Previous GBPJPY Trade. 1. Price Hit TP 2 for 40 pips. 2. Entry Taken At 30 M HL.
There has been a trend reversal that has already occurred and has been exploited. However price seems to try to recover from the massive downwards movement that has occurred. How we believe the price is still going to go down, we tend to believe the trend is your friend. And we justify our order by a pattern of Double top that has occurred. Sell stop GBPJPY.
Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a
FX:GBPJPY Preference: The GBPJPY currency pair has created a micro-structural level of support at the price point of 188.021. The price has been following a downward trend, with a false breakout above the .236 level on the Fibonacci chart. This indicates that the price may continue to fall. However, if the price manages to break above the trendline and the...
Entry Taken During London Session. 1. Price Created a HH indicating a New HL TO FORM. 2. Entry Taken at 30 M Break Of Highs.
GBP/JPY could fall towards a potential breakout level and drop lower towards our take-profit target. Entry: 188.070 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 188.070 for a breakout confirmation) Stop Loss: 189.198 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement...
GJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade 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 The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello Traders ! The GBPJPY Price Formed a Double TOP Pattern. Currently, The Support Line is Broken. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 186.480🎯
Entry Taken During London Session. 1. Price Created a New LH Indicating Sells over Buys. 2. Price reached the Major Supply Zone and Sellers Took Control. 3. Entry Taken at 5,15 and 30 M Break Of lows.
GBPJPY will come and test the trend line and will move back to bullish.
Big data coming out today on GBP and USD later on. We have nice areas to trade into on both sides (around 35pips which is more than plenty for me). However, I am afraid that the data will smash through everything with no proper setup. In case that market will be calm waiting for US data in the afternoon and "will behave" I have no problem take either side of the...