Gbp-jpy
GBPJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GBPJPY has been overall bullish trading inside the orange rising wedge pattern, and it is currently approaching the lower orange trendline acting as a non-horizontal support.
Moreover, the zone 155 - 156.5 is a strong support zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in orange acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As GBPJPY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GJI did find my entry and entered, still running. Moving my SL into profits as it is not my creation but my playground.
We have rules and we stick to rules as hard as possible. No changing or we get hurt and expect more. Harder than ever there might be a pullback so we prepare by not donating back to the market.
🙂🙂🙂🙂
GJTook this as a tester of whether I needed to refine my skills. Not as much as I thought, yet The entry could have been better.
Now I am waiting for another entry point so that I can add, I got stopped out early because my TP got hit (90% rule).
I have a US100 trade running, so I'll be watching both.
GBPJPY - Video Top-Down Analysis! UPDATEHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GBPJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GBPJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GJ can move lower 🦐GJ on the 4h chart after the test of the weekly resistance one more time moved lower to the support area at the 167.500 zone.
According to Plancton's strategy if the market will satisfy the condition we can set a nice short order for a lower low.
Being the last trading day of the week it might be risky to open positions.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPJPY rising wedge — short idea.Looks like GBPJPY are showing signs for bearish momentum in the market. The pattern is called rising wedge pattern.
Might just place a sell position with 10 pip sl above 160.466 and see how it goes.
Over a 100 pip potential if the price decides to get pulled back to support area.