If this candle closes without strength on this S/R level then it'll start to head back down for a bearish run. Looking for the candle to enter.
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 1st Jul 04 and TP 2 on 21st march 08 - If we are looking for sells we take on until 3rd Feb 05 and TP 2 on 25th Oct 04 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the...
If this bearish momentum candle closes below the S/R level then there's a shorting opportunity here. Scaling in with 1 position. Will scale in with more on a pullback. If it just runs then I'll manage the singe position.
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 192.000 to 191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 192.000 and 191.700, suggesting another area with moderate risk for potential buying...
GBPJPY just sweeped liquidity 196.10 now price is heading to create new high at 197.500 area before price retraces down forming a perfect rising wedge JOIN AND ENJOY
Possible head and shoulders pattern waiting to confirm
Possible head and shoulders pattern waiting to confirm
30m sell printed by Swing Sniper. The price then retraced after signal and formed a new 30m supply zone. Price is currently retesting this zone. Should drop soon. Minimum TP 196.05. TP2 = 194.05. TP3 = 191.65.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
According to Harmonic pattern there is a short term entry for short i put all the nessory points in the chart
As BOE and BOJ are in the mist of changing their monetary policy, I am looking for clues on where to short GJ. I understand that this in not a catching the top type of exercise but a technical analysis where various confluences come into place. At this moment price is bouncing between the .618 and .50 fib levels from the last high before BOJ currency...
Hello,Friends! We are now examining the GBP/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 193.922 level. ✅LIKE AND COMMENT MY IDEAS✅
As we said in our previous idea, the price will touch 196.58, so stabilizing above this level by closing the 4H candle will reach 198.28. For now, the price finished its retest at 196.16 and started the bullish trend toward 196.58 again. Tendency: Long 196.25 Target station: (196.58, 198.28).
In yesterday's trading, the pair's price resumed its upward momentum, moving away from the support to 196.58. so as long as trading above this level will support the price to get 196.58 and above it 198.28. However, any stabilization under 195.99 by closing the 4H candle below this level will support the price's bearish trend. Tendency: Long 159.99 Target...
Possible cpi direction on GBP/JPY a possible double movement a small bullish movement to the upside on the early European section but cpi direction shows a huge bearish direction following the cpi
Entry Taken During London Session. 1. Daily Candle Bearish Indicating Sells over Buys. 2. Price failed to break the Previous Highs. hence Creating A New LH. 3. Entry Taken at 15 & 30 M Break Of Lows.
Hello there Fundamentals: The GBP/JPY currency pair rose to the 197.00 handle, as the Japanese Yen continued to weaken across the board. The UK's labor market figures showed a mixed picture, with unemployment benefits claims rising less than expected and wages growing at a healthy pace. The Bank of Japan's activities reports revealed that the BoJ had intervened...
Price fail to create higher high and start to breakdown, looking to enter short when price return 196.70