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Gbpjpy_outlook

GBPJPY Sell IncomingAfter analysing the current market conditions and seeing the longer term price action I believe GBPJPY will drop. Price has been distributing since March 2021 and we have seen price range since then and thus I will be expecting a huge move. Over the last couple of weeks I have noticed price re-distributing as a possible LPSY for market to drop. Overall GBP is starting to weaken and the JPY is starting to gain strength hence why this could accelerate the drop for GJ. Thanks for reading and looking at my chart, leave a like, comment and follow for more ideas. DISCLAIMER: I am not a financial advisor and nor is this financial advice. If you trade this pair with me and make money from this, please help support a fellow trader. My cashapp is on the chart! Thank you for your time.
Short
by Turtlesoup_Maestro
2
GBPJPY: Downside Ready? 🧐I am cautious about selling GBP pairs as the bullish trend is super strong. However, this pair looks like it is ready to make some downside after playing around and trapping both sides of the market. If we clear this level, I will look to join sellers on the pullback. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
23
GBPJPY TRADING PLAN - SELLI am currently in a sell in GJ and I would like to add to the sells when I see a confirmation of downside continuations. If price can break and retest all of the zones then I will add more sells. My tp would swing all the way down, however, I will be taking partials at each zone. My stop loss will generally be 30 pips however looking at how market reacts and price action I will vary my stoploss and may put it above the candle that broke through the zone. A key zone to watch out for a reversal is 152.500. Watch carefully what price does here as it may be a potential long entry if it rejects and provides bullish confirmations. Note that this trade could take a couple of days or weeks so be patient. DISCLAIMER: I am not a financial advisor and nor is this financial advice. If you trade this pair with me and make money from this, please help support a fellow trader. My cashapp is on the chart! Thank you for your time.
Short
by Turtlesoup_Maestro
2
GBPJPY 1000+ pip sell?!?!We are seeing a wyckoff distribution schematic forming where he have liquidity to clear below. I think we are at a potential last point of supply and would like to see the price drop over the next few months. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Short
by Turtlesoup_Maestro
1
GbpJpy- 153.50-154.00 is my buy zoneAfter it has reached a high at 158, GbpJpy has started to drop but let's not be fooled, this is just a correction to the recent leg up. Also, the overall trend is strongly bullish so, the safer way to trade is on the buy side. From the technical point of view, between 154 and 153 there are a lot of indications of support including horizontal support and Fibo 50% That being said, i will look for buy signals in that zone with a target around 160
Long
by Mihai_Iacob
29