Gbp-jpy
GBPJPY looking up 🦐GBPJPY on the 4h chart reached the weekly resistance at a confluence point.
After an attempt to break above the price moved back below and is currently testing the resistance area
I can see how after the last impulse the price has tested the 0.618 the 0.5 and the 0.382 Fibonacci levels.
How can i approach this scenario?
I will wait during eu session for a break of the resistance and in that case, i will move on the lower timeframe to spot and entry point for a long order according to the Plancton's academy rules.
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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 Turning sideways until 168.00 breaks.The pair has been consolidating the last 2 weeks after an impressive late March rally. On the 1D time-frame based on both the RSI and MACD indicators, is appears that GBPJPY is entering a consolidation phase that will get invalidated only if the 2.5 or 3.5 Fibonacci extension levels break.
The long-term trend remains a Channel Up ever since the March 2020 COVID melt-down and the application of the Fibonacci Channel, illustrates its potential.
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GBPJPYSo the head and shoulders fail and price is retesting its fresh resistance. I am looking for a rejection and close below previous close and looking for a smaller TF rejection or a reversal candle preferably a bearish engulfing as I prefer trading that particular candle. Time will tell only enter if we reject the marked box.
RISK/REWARD 7.00 average
Entry GBPJPY Sell 08/04/2022Details on chart - entry once price closed strong bearish off the 15m SZ
Entry GBPJPY Buy 08/04/2022Details on chart - entry which shouldn't have occurred if zones were drawn out
JPY BULLISH ✅✅✅✅ Expecting bullish price action on JPY and a trend reversal from bearish into bullish as we have multiple imbalances area aka price ineffiency that price will try to close in the upcoming days/weeks. We have a clear rejection area somewhere around institutional figure 8200 and i think this area will hold as a LOW for a very long time. Buy Side Liquidity as the first take profit area.
What do you think ? Comment below..
GBPJPY looking further up 🦐GBPJPY on the 4h chart reached the weekly resistance at a confluence point.
After an attempt to break above the price moved back below and is currently testing the resistance area
I can see how after the last impulse the price has tested the 0.618 the 0.5 and the 0.382 Fibonacci levels.
How can i approach this scenario?
I will wait during eu session for a break of the resistance and in that case, i will move on the lower timeframe to spot and entry point for a long order according to the Plancton's academy rules.
----
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.
GBP/JPY SHORT 04/04Price very overbought. Prev weekly closed strong bearish rejection. 4hr rejections off 161.000. Sells all day.
GBPJPY - FUNDAMENTALS WITH TECHNICAL BIAS- Today's GOV for GBP. A BALIEY SPEAK is about to take place. It will be somewhat important to us. Then we wait for the change in GBP. This week is nothing special for JPY. So the JPY MARKET goes through the SENTIMENT.
- GBP FEATURE is currently at 1.3111 LEVEL. Also the JPY FEATURE stays at 0.0081 LEVEL. GBPJPY PRICE is up from DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES are becoming UP. It's something special. Also the BONDS PRICES are slightly RED. Also BONDS SPREADS are becoming UP. There is currently no CLEAR DIRECTION in the MARKET. Maybe today is because of Monday. Currently the market has a NEUTRAL BIAS.
- GBPJPY PRICE can be UP to 164.275 LEVEL before UP. Then you can DOWN to 162.88 LEVEL. Focus on breaking the TREND LINE. The VIX INDEX is also special.
MMH POSSIBLE SELLS BUT AFTER...first of we should appreciate the fact that we are at the top of the rend line , which is our daily trendline . in this case that is our dynamic resistance zone , that has been at a pike for the longest time. we see the price fall back to structurer with intensity , breaking through the previous support zone that now is turned into several tests as a resistance zone
secondly we can see a consolidation of price around this area at the current price action. This clearly means that its a zone where lots of traders are willing to sell from. This indicates us that there are presence of STOP LOSSES AND BUY orders .(liquidity)
what we anticipate for the money makers move is to slightly spike it up for the long term sell offs.
now here is the catch. we wait for the spike the later on the break of the lower time frame structure at the current structure . for a possible entry.
GBPJPY, will JPY start recovering?Hey traders, in the coming week we are monitoring GBPJPY for a swing short opportunity around 162 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
