GJ has broke below structure and closed below zone on 4H timeframe. Also formed a Head n Shoulders and closed below the neck line. Zooming on the 1h we can also see structure broken to the downside and closed below zone. Price retraced and shown rejection @ 190.600 zone by forming a Doji. Having seen price rejecting zone I zoomed into the 30mins and 5 mins where...
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the...
Trendline broken. Expect Price to test daily OB @ 188-189 area which was the swing low that broke structure. Would like to see at least 50% retracement.
Right now I am in a long GJ trade. The reason for this trade was the liquidity that was created with a bearish push towards a higher time frame demand order block. Additionally, a few more imbalances were created with the same bearish push. Once price reacted from the higher time frame OB i waited for a CHoCH and found my 5M TF OB from which i took longs from....
Potential for a bearish pullback on the GBPJPY pair, which could lead to a price movement towards the support level at 178.00 in the upcoming period from 191.000.
💹 Forex Quick Check: #GBPJPY 📉 Trend: BEARISH 🚀 Action: SHORT @189.550 🎯 TP: VIP ROOM 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #GBPJPY. #GBPJPY Is MAKING RISING WEDGE PATTERN Chances are it will down, where we can find a selling entry and then hold to secure profit. 📊 Time Frame: 1D 📌 Stay vigilant for update
Hey Traders, After UK Data today you have seen a further rise in GBPJPY. The momentum comes as people swap to a GBP bias over JPY. This poses the question; how to manage it and where to potentially short it. It is very important in many cases, especially on YENS that you do not rush in. You can get burnt and burnt badly on significant long term rallies. Watch For More.
Day swing is uptrend => current is pullback dow 4H swing is uptrend => current is pullback dow 15M swing is dowtrend => current is pullbakc up
I would like to see some buy opportunities today. JPY made its pullback propably after some mentioning of ending super low rates by some BOJ representative (which will not happen tomorrow...). GBP looks like it is doing well. So I am still bullish. Upside is so much nicer area to trade into. Again, ideal scenario would be a little fake out to the downside to...
Marking out previous daily levels to see if any correlations in my trading plan (grey lines). Entered a buy at support in H4 uptrend after H1 pullback/retrace has now rejected nicely. Trade planned for 40 pips 1:1 SL/TP - or run higher on TP.
-Previous Day candle closed Bearish. If we are looking for buys we will take on until resistance formed on 8th Jun 15 and TP 2 until 3rd Jul 15. - If we are looking for sells we take on TP 1 order block formed on 22nd feb 24 and TP 2 on 01 feb 17 Jan 05 Support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once...
Following Dow Theory, selling at the 50% retracement
GJ initiated a downward move, breaching the previous day's low at 190.358, but this proved to be a deceptive maneuver, as the bearish sentiment faltered. Instead, the market exhibited resilience, embarking on an upward retracement. Anticipating a bullish resurgence, attention is drawn to GJ's rebound from the key Fibonacci retracement level of 190.599. The...
GBPJPY Pivot 190.620 - If the price is higher than the pivot, Long target TP1 at 191.380, TP2 at 191.820, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 190.350, TP2 at 189.820, cut loss if the price is higher than the pivot. ***Please money management***
– Wednesday Daily candle closed weak Bearish as price continues to consolidate within the 4h timeframe. I’ll be looking for potential Buys above 190.970 targeting 4h Resistance at 191.310 and previous Weekly Support formed on 22nd July 2015 around 191.840. I’ll be looking for potential Sells below 190.310 targeting 1h Strong Support around 189.940 and previous 4h...
As of now, its Already touched their upper level a bit. Now It will come back after touching a resistance which you can see on this Daily chart. If we talk about the weekly trend, then the weekly Resistance also touched and now Trend will Change and market will go down as you can see in the chart GBPJPY You can Short Now From 190.75 And you can set your target...
GBPJPY Bearish due to we can see bearish divergence and last higher low almost break that's why i am going to take short entry here
In this chart, there is clear head & shoulder visible on the chart. we wait for the neckline to break we make an entry. But there is one check list is missing which is DIVERGENCE. which is not spotted so there might be 50/50 chance it will go down.