Get started

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
Long
by TheSignalyst
6
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. ----- 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.
by InkyGrip
18
GBPJPY Potential Forecast | 19th December 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for this week. Trade idea: 1. Price is currently on a downtrend on the lower timeframe. 2. We could see clear bearish orderflow in recent price action. 3. Price could potentially head up to clear the imbalance present marked by the green zone. 4. Will be look for confirmations on M1 to M5 timeframes to enter on shorts at the green zone. Things to look out for: - However, I do notice that price has validated and respected the demand zone at the bottom. This serves as a risk to us as validation of the demand zone could mean for price to continue heading up and without strength to continue down. Hence, we will await proper confirmations like a break of structure before entering shorts at our green zone. All in all, I will be awaiting short confirmations on GBPJPY. Regards, Chern Yu
Short
by Jon_Jones_Junior
9