W: Uptrend, respecting the lows + Bearish divergence D: Price is consolidating + RSI is bullish 4H: Uptrend, price retraced 61.8 and hit -61.8 1H: Uptrend, price retraced 61.8 so far CURRENTLY: I'm looking to see if price will break below and retest minor uptrend then go short to -27 on FIB ~100- 150 pips
Broke the key level now trying to retest and will go long insha Allah.
Inverted cup and handle formation is evident and a short entry can be taken on the break of the handle.
Welcome back! Let me know your thoughts in the comments! **GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
While the sellers are trap short ,wait for price to come down to retest the bullish order block before price continue movie moving bullish to visit the Bearish order block that was created by the big players/Investors .. Remember when everyone are Selling,the market are no longer bearish!!
This is just An IDEA . In GBPJPY DAILY Timeframe have ABCD BEARISH Pattern GREEN LINES are Targets for TP. WAIT until close RED candle. HAVE GREAT DAY .
GBPJPY Expected to hit the levels of 163. if the price breaks the levels of 161.65 then the price will hit 163.26 levels. Risk max 5%. Trade confidence 90%.
JPY Is weak GBP is suffering weakness as well, just waing to for the pull back and the rejection with signs of continuation to look for the Long
Take profits at green lines on bottom However if price breaks thru orange line wait for a pullback and buy
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello, Traders I hope you are well and safe. Today am Discuss #GBP/JPY For a Long. Here is a Full Analysis of #GBP/JPY When the price Touches the Support Zone than a Nice opportunity for a Long. If you have any queries then leave a comment. Thank you Traders For your Support Like and Follow.
Hi everyone ! On the GBPJPY chart, there are indications that a potential downward move could be on the horizon. Price action has been forming a structure that appears to be completing, which could suggest that the pair is poised for more downside. Traders who are considering a short position on GBPJPY as I will, could wait for a confirmation of the downward...
With stronger GBP and weaker JPY, this pair is likely to continue it's bullish run after a brief correction.
Continue to sell this pair and take profits at green lines on bottom However if price breaks thru red line on top wait for a pullback and buy
Continue to sell this pair and take profits at green lines on bottom However if price breaks thru blue lines on top wait for a pullback and buy
The pound yen top down analysis represents a show case of how the market behaves and the amount of opportunities yet to come.
Price has met all criteria for our 'reversal setup' and on top of that, price is hanging around the higher timeframe fib extension and ABCD completion levels. Lets see if ASIA can give at least give us a 2R idea in the bag
FX:GBPJPY Portetial buys if retest Beautiful buildup and break out