Hello Traders,
Here we have a
GBPJPY long trade idea. If you like this idea please show your support!
GBP
This trade idea is based off the fact that the Pound (GBP) is reaching a weekly low since the end of September 2021. We are expecting some strength as this is approaching a structure level & this will give us a double bottom reversal pattern indicating we are expecting a possible reversal which we do not want to miss!
This GBP weakness can be seen across other GBP pairs, for example
GBPUSD below :
In the chart above you can see a very long wick in the candle indicating less seller and more buyers in the market, this is key indication of a potential reversal as we can see a lot of weakness in the trend and price is struggling to push down any further. This may be another pair you want to consider taking a look at as this also has a very similar potential toGBPJPY
JPY
However the Japanese Yen (JPY) is also very weak pushingGBPJPY higher. This can be seen across many JPY pairs.
For exampleUSDJPY below :
As you can see the price is at the bottom of a channel similar to GBPJPY which indicates we are expecting JPY strength. This is also another pair you may want to consider to trade as this is also in a similar position to GBPJPY and would be heading in the bullish direction.
If you want to improve your trading, do not hesitate to send me a message!
THANKS!!
Please trade with caution and make sure you set your stop losses and focus on 1 or 2 pairs! Happy Trading 😁
Be sure to check out my other ideas below!
Here we have a
GBPJPY long trade idea. If you like this idea please show your support!GBP
This trade idea is based off the fact that the Pound (GBP) is reaching a weekly low since the end of September 2021. We are expecting some strength as this is approaching a structure level & this will give us a double bottom reversal pattern indicating we are expecting a possible reversal which we do not want to miss!
This GBP weakness can be seen across other GBP pairs, for example
GBPUSD below : In the chart above you can see a very long wick in the candle indicating less seller and more buyers in the market, this is key indication of a potential reversal as we can see a lot of weakness in the trend and price is struggling to push down any further. This may be another pair you want to consider taking a look at as this also has a very similar potential to
GBPJPYJPY
However the Japanese Yen (JPY) is also very weak pushing
GBPJPY higher. This can be seen across many JPY pairs.For example
USDJPY below :As you can see the price is at the bottom of a channel similar to GBPJPY which indicates we are expecting JPY strength. This is also another pair you may want to consider to trade as this is also in a similar position to GBPJPY and would be heading in the bullish direction.
If you want to improve your trading, do not hesitate to send me a message!
THANKS!!
Please trade with caution and make sure you set your stop losses and focus on 1 or 2 pairs! Happy Trading 😁
Be sure to check out my other ideas below!
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.