The price is currently trading at resistance levels in all major time frames (4-hour, daily, weekly) Market sentiment is 90% short The divergence on the weekly chart gives us a better idea of the overall trend Stop loss 194.40, which is the fulcrum support for the daily time frame Profit level: 192.825 193.219 193.462 Good luck to you! !
Bearish chart pattern - Two consecutive peaks of similar levels Troughs between peaks A potential reversal signal from an uptrend to a downtrend
I am neutral on the pair, if the price respects the resistance level, we will go short, if the price breaks the resistance level, we will go long and then retrace from the rise date
Bearish chart pattern Two consecutive peaks at similar levels Trough (retracement) between peaks Signals potential reversal from uptrend to downtrend
gbp/jpy i am buying at the are of 1st 15min ob or 1st 15min oderflow up to 1 week fvg target but first conform the trand in 1 or 5 min time to take enter
A glimpse of the GBPJPY in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Uptrend has been going up for too long without a break. Time for some retracement, or possible reversal. Potential for 200+ pips profit
Looking at the 3 months time frame and we can see that we are at a strong supply zone! Also the fibs lining up perfectly. I'll be holding this position for long time since trading higher TF. Bank of Japan will mostly intervene coming days and we shall see a sharp drop by next Friday! We are trading at 2007 levels and extremely overbought.
Re entering this strong uptrend that just don't want to stop going up. I'm assuming this is another retracement, and the uptrend should make a new high.
As price under construction ascending broadening wedge expect to fall pls like for support thank you
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).
Sell when price is HIGH - Buy when price is LOW Good luck.
#GBPJPY UPDATE Hey team we are here to update about GBPJPY. GBPJPY has breaked the main Ascending Triangle pattern. And getting here a good volume. We can see gain here upto 300Pips+ soon. Keep in touch we will update further soon.
OANDA:GBPJPY The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while
The GBPJPY is presently experiencing an upward trend and displaying bearish divergence, signalling a possibility of a reversal in the trend.
Dear Robbers, This is our Day Trade master plan to Heist Bullish side of GBPJPY Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous trap area. Be safe and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot...
According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a strong upward trend will be created by crossing the resistance trend line
Daily chart: GBPJPY is currently in the 194.762 -194.974 key resistance zone from a technical perspective. If the price does not break the 194.974 level, a bearish pattern will be activated. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!