Gbpjpy_outlook
GBPJPY - Sell biased outlook for 16 Sept 2020Hi all traders,
This is a video analysis on gbpjpy
I hope you like this video.
As always, i have pre-warn some important levels inside.
please take note of these levels and trade safe!
Cheers and thank you very much!
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GBPJPY Weekly OutlookGBPJPY is in an obvious downtrend on the 4H timeframe. Price has pushed and now we just wait for the pullback for an entry with confluence.
3 possible trading opportunities:
-Short entry when price fails to make a higher high
-Short entry at the retest of the previous LL that was broken
-Short entry when the most recent LL was broken and retested
-Long entry when a higher high is made and it retests
GBPJPY - sell biasedHi all traders,
With ecb over and done with.
GJ has actually broken the major trend, so far, there isnt any much retracement happening.
So im expecting a retracement to happen within the next few days.
If it does, look out for the levels being informed.
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**Disclaimer: All trade ideas are of my own personal view**
Cheers!
GBPJPY reversing to FVG for more liquidityAfter previous forecast of GJ, now we are reversing from the strong 140.80 level which is also Hidden base level, now we gonna head to FVG for more liquidity grab for further upside move in upcoming weeks.
Break below 138.3 leve l, will lead us for downside move, but most likely won't happen.
GBPJPY CLOSE TO THE RESISTANCE.ENG:
- Price close to our resistance zone/higher high, we will be looking for a long and a short setup, depending on how price behaves to that same zone.
PT:
- Preço próximo da nossa zona de resistência/higher high, iremos procurar por tanto um setup de compra como de venda.
GBPJPY Last Moves for Breakout As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend...
Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it break the resistance then you're happy to take it as a buy for long term.
Becareful at this point as it can fall once more as well & then it'll breakout... Everyone want to know what GOLD is doing?
I HOPE THIS ANALYSIS GIVES YOU A BETTER IDEA.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
GBPJPY, MIGHT SHORT LATER.**ENG**
- Price moving very impulsively towards our higher high/possible reversal zone.
- We can see that price is reaching overbought levels.
- Looking for shorts at the red circle.
- Only looking for longs if price breaks this zone impulsively.
**PT**
- Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão.
- Podemos também averiguar que estamos a atingir níveis de sobrecompra.
- Procurar por entradas em short na zona do circulo vermelho.
- Apenas procuramos por longs em caso de uma quebra impulsiva desta zona.
GBPJPY Chart analysis and trading planIn the short term, GBPJPY looks like it will reach 139.60 area. After reaching that level, there might be some pullback or a short term reversal.
Right now, the price action still supports the buyers. If you look at the 15minute chart, you can see that Friday's end of NY Session bearish move is a temporary pullback.
So, it is quite likely that GBJPY will reach the 139.60 level. After reaching that level, if we can see some bearish price action, we can consider selling.