We are looking for an optimistic sell on GJ based on a double top that has been long coming. This is definitely not an order by the way. If we see a reversal pattern of any kind that is when can hopefully confirm our sell order. For now let us observe and see what the market has for us.
As we are at the major resistance in GBPJPY and as we can see that once it taps into that resistance zone it goes down till the marked support zone. So, I am anticipating the same to happen again. Target will be the marked support zone.
UNTIL ONE OF THIS HAPPENS, I have to wait in order to get a high RR
4h inducement + HTF POI mitigation What do you think? LQP = liquidity pool Arrows = inducements
Previously, on 4 March 2024, we sold GBPJPY at the 191 level and managed to take 300 Pips profit when price dipped to 188. Since then, GBP/JPY is staging a recovery. Currently, the price action doesn't support any further selling. Also, with FOMC around the corner, we recommend traders to be careful with their trades. However, if price reaches the 191.50-192...
GBPJPY Technical and Fundamental Analysis. The asset GBPJPY is looking in the downtrend if the breakdown will be done in this consolidation area. GBPJJPY will hit near 186.00. For more updates and information keep following me. NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
Hello. I hope all is okay with you. Looking at this pair, in the 30 minutes TF. Reason for trade: * EXPANDING FLAT being formed * Equal lows at the bottom * Order block/gap 189.975 that needs to be taken out * MACD divergence being formed * We need a C WAVE to complete the structure Trade with care
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
- Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 30th APril 03 daily Resistance. - If we are looking for sells we take on until 14th April 03 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...
Bearish Divergence shows the momentum of Bulls is getting low and a possible downward trend is expected. Bearish Divergence plus an AB=CD pattern formation will reverse the trend. I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.400 zone, GBPJPY is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.400 resistance area. Trade safe, Joe.
Whats ur opinions on this trade a took? 4hr was bullish 1hr was bearish I then marked my lows and waited for LQ sweep and BOS on 15m tf Once i see LQ sweep and BOS on 15m tf i waited for 3rd confluence (in this case was a FVG) Once i see buying pressure out the FVG i entered for a nice 1/1.9 RR.
The pair is starting to tired up here with trend line resistance 190.10 area. Stochastic is negative as well. Strategy SELL @ 189.70-190.10 and place SL above 190.65 and profit order @ 188.17 for now.
During the early Asian session on Wednesday, the GBP/JPY pair grapples with selling pressure, hovering around the 190.000 mark. The price action reveals a swing reversal pattern, notably around the 61.8% to 78.6% Fibonacci levels following a double top formation. This sets the stage for a reversal swing trading strategy. Economically, all eyes are on the Federal...
Price reached the 4 hr imbalance mentioned in the other analysis and created EQH which got raided and made a CHOCH to the downside. Price made another EQH before touching the 15 min supply. Looking to see if price breaks this retail triangle pattern.
GBPJPY buy Stop loss and take profit Up to you. I only give you approximate target.
– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around...
After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.