GBPJPY is currently 0n an up trend. looking from the 1hr timeframe, price is heading down to our trend line. after kissing the line it's going to spike back up massively so either you set a buy limit or you wait or price to come down to our trend line. kiss it, before we go long.
Personal suggestion for you
Gbpjpy price trend to continue Buy during session
It is expected that price will continue in the
Buy trend
Note:
Always wish you to manage your capital safe
Take small lots which suits your capital
The winner is the one who sticks with the market
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GBP/JPY
-GBP/JPY have 2 demands under the price
-HTF Price is bullish
-If the demands are startign to get sliced this mihgt be a switchi in trend
-If the price mitigate our demand don't enter without confirmations
GBP/JPY retreated to 189.02 last week but recovered since then. Initial bias is turned neutral this week first. Risk is mildly on the downside as long as 191.29 resistance holds. Firm break of 188.90 resistance turned support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise from 178.32. Nevertheless, decisive break...
daily inverted hammer, EMA and ATR confluence with target level of structure. Await further confirmation in a price closing below prv candle on 4h.
Opinions?
After a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a...
The market tested resistance then formed swap zone. The price created a compression channel. I think that most likely, the price will make an impulse leg down and break through the small range. I expect for the price bounce off the resistance to fix below the range and fall. My goal is to support 189.150
Traders, if you liked this idea or if you have your own...
Due to the market creating lower Highs the probability of GJ going down is high and at the same time we have a continuation pattern which indicates GJ falling.
✅GBP_JPY was trading along
The rising support line but then
The pair broke the support and
Went down so the breakout is
Confirmed, therefore, despite
The bullish rebound and retest
Of the broken support we will
Be expecting a move down
Because we are now
Locally bearish biased
SHORT🔥
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this is my bullish technical idea and price action analysis. now wait for come previews support and resistance zone after trend continue to uptrend you can entry. because overall uptrend. you can see it. however, this is my opinion only no more signal.
Hi traders, as you can the structure of GJ is ready to drop continue going bearish but bear in mind markets don't move in a straight line and I'm expecting inner structure before the main drop. Tune in for more weekly predictions and hit the thumbs up button and follow for more!
The trade has floating 70 pips profit and it can potentially generate over 40 more.
What a great friday :).
What do you think about this trade?
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
-Previous Day candle closed Bearish. If we are looking for buys we will take on until resistance formed on TP 1 8th sep 08 and TP 2 on 10th Jun 15.
- If we are looking for sells we take on TP 1 15 feb 24 and TP 2 on 24th Nov 23 Support.
- Wait for 1 hour candle to close above or below zone.
-We risk 3% of our capital. Close trades once price reverses to opposite...
Two scenarios in my mind. GJ respects the retracement box, and goes down for the imbalance.
Second one is demand exceeds supply. Possible buys at the retracement. This is the only case that SnR could work.
What do you think about GBPJPY?
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
