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...
With GJ still being bullish and breaking back above the previous high with bullish structures I did decide to go long for a potential 1:3rr with stops just below structure. The daily candle is currently at a pullback candle but we COULD end up catching the new daily bullish candle if price decides to flip from here. At that point all time frames would be bullish...
Price shows a previously played out double top and all we're looking for here is a small retest trade of the neckline area. If we get get another bounce of our intraday trendline, we can enter a small long position. 🙏🏻
We're looking at the possibility of further declines after the ABC close. The drop could be a retracement.
If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only...
GBPJJPY has been forming a bullish trend for long period of time. I believe this trend may continue. if you think the analysis is right, Ride the trend with me
GBPJPY chart: we're watching the pullbacks. We set the first Fibonacci from the high value to the lower value of the pullback. Then, we follow the new bullish consolidation up to the target of the 1.618% Fibonacci level. After that we have the second pullback, which was shorter by about 340 pips. We set the second Fibonacci from the high to the new low. The result...
GBPJPY BULLISH FORECAST AND ANALYSIS GBPJPY know (189.650) price going down (189.568) and target (188.886)
I expect gbpjpy to sell massively from that zone..It's in a resistance zone
Gj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time. Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips). TP1: 191.500 TP2: 191.800 * Where has the market moved since I entered my trade? Slight Profit * If I looked...
- Previous Day candle closed Bearish. If we are looking for buys we will take on until resistance formed on 19th nov 04. - If we are looking for sells we take on until 30th april 03 and tp 2 13th Feb 24 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 too volatile instrumental which are too fast reach target if proper analysis.
💎Buy GBPJPY @ 190.5 - 190.3💎 Sunday 03/24/2024 07:14 PM EST 189.9 StopLoss —> 190.55 BreakEven+ TakeProfit 1: 190.7 TakeProfit 2: 190.9 TakeProfit 3: 191.1 TakeProfit 4: 191.3 TakeProfit 5: 191.5 TakeProfit 10: 192.5 TakeProfit 20: 194.5 TakeProfit 30: 196.5 Richard Eyo ~The Wizard 🧙♂️
GBPJPY Makes a bat harmonic, after the recent massive climb, now is the time to potentially think about longing GJ towards 195 with some TP along the way, JPYX Broke the low and is now retesting, in theory its time for GJ to rip again next week, as always manage your risk and trade safely, we believe in 100 trades not 1. Enjoy the weekend
Gbpjpy is trending is buy making w pattern It's going for buy