Gbjpy
GBPJPY - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Waving market structure.
4 HOUR
Prices at range low, hold long on this one!
DAILY
Sideways market at its lows, high chance to rise now.
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FOREX SETUP
BUY GBPJPY
1ST ENTRY @ 140.160
2ND ENTRY @ 139.780
SL @ 139.120
TP @ 141.310
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPJPY Buy SetupA higher proportion of retail traders are net long GBPJPY which is often a very good sign the market is going to crush them lower, however on the 1hr and 2hr chart there is a good technical buy setup.
Providing price keeps its head above water at the 136 level I will maintain a buy position.
GBPAUD POTENTIAL SHORT Price is currently showing bearish potential. We saw price move bullish into what i would see as a pullback and we are currently at a point of resistance where we may see price break lower toward the our take profit level.
STOP LOSS - RED LINE
TAKE PROFIT - RED LINE
Risk exposure - 1%
RR - 1:2.5
Hit that follow button !
GBP JPY 8 reasons to Go LONG!Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far.
Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME!
1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end of the period.
2. Head and Shoulders pattern on both daily and weekly chart.
3. GBP Index is gaining strenght.
4. JPY Index looks dodgy.
5. Bad Jpy data.
6. 20+ days of downtrend.
7. RSI 14 is on 16 on a daily chart .
8. UK's PM who made the mess is resigning the upcoming week!
GBPJPY approaching support, potential bounce! GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY approaching resistance, potential drop!GBPJPY is approaching our first resistance at 143.39 (horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 139.30 (horizontal swing low support, 100% fibonacci extension, elliot wave structure).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY ANALYSIS WITH WEEKLY & 4H TIMEFRAME1. GBPJPY is looking to either break-out the trendline or continue bounce back downwards.
Either could be in play.
2. We see the inner trendline broke out and re-testing the 150.6
3. Downwards bias for now. Till Further notice.
4. Risk Management Always. Trade with Care.