GBPJPY Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two key resistance zones hold my short term view remains bearish here.
Gbpjpybearish
GBPJPY: Month-Long Bearish Outlook Revealed!Greetings Traders!
Brief Description🖊️:
The market's movements are governed by smart money, which controls the majority of liquidity. It is not governed by retail traders. They dictate market terms, while we trade patterns they generate. Smart money has two primary objectives: order pairing (entering the market against liquidity) and order booking (scaling out their positions). Due to their substantial liquidity, smart money enters the market against large amounts of liquidity, typically found on higher timeframes. This movement is necessary for them to enter and exit the market, driving market dynamics.
Market Analysis📉:
Currently, on GBPJPY, buy stop liquidity has been taken, indicating that smart money has entered their positions in a premium. The expectation is a draw towards the downside, targeting significant liquidity areas such as relatively equal lows and trendline liquidity. The daily bearish order block is expected to resist price, initiating bearish institutional order flow.
Things We Have Seen👀:
Relatively Equal Lows: These areas possess substantial liquidity, making them attractive targets for smart money.
Sell-Side Liquidity: A significant amount of investments exist at these lows.
Engineered Trendline Liquidity: More investments exist at these lows, increasing the plausibility of the market drawing towards this level to absorb the existing liquidity.
What's Important Now❗:
Stay observant of how the market reacts at these critical levels. Understanding the objectives of smart money can provide valuable insights into potential price movements.
Best Regards,
The_Architect
GBPJPY - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further in the short term.
GBPJPY Short Term Sell IdeaD1 - Bearish divergence.
No opposite signs.
Expecting short term bearish moves to happen here.
H4 - Price has reached a key resistance zone.
Bearish divergence.
A valid breakout below the low at 184.545 would be the validation for this short term bearish view.
GBPJPY H1: Bearish outlook seen, further downside below 165.20 Prices are facing bearish pressure from its daily descending trend line and resistance zone at 166.20 where we could see further downside below this level. On the H1 time frame, a pullback to the resistance zone at 165.20, in line with the 38.2% Fibonacci retracement presents an opportunity to play the drop to the next support target at 163.60. Stochastic is testing resistance at 95.20 as well where we could see more downside, in line with prices.
GBPJPY False Break?currently GBPJPY is trying to form a bullish movement. But I see movement rather than bullish while GBPJPY is not so good from a price action point of view. Then I found that there are 2 Fibbonaci areas, namely 50.0 Internal Retrachment and 1.618 external retracement meeting a minor resistance at 155.414. My assumption is if the price is not able to penetrate the area and false break. Possibly the price will move bearish again to touch the strong support area at 153.138.
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
GBPJPY - Bearish BiasI'm looking for Long term bearish in GBPJPY, Now price inside H4 Breaker block, don't trade blindly in given POI, look for M15, M5 or M1 break of structure and change the POI accordingly and trade
GBPJPY is in Bearish ModeThe market has successfully rejected its both trend line from the top side. Market will fall to our take profit.
GBPJPY is in Bearish ModeBearish Engulf candle has been formed on GBPJPY which is indicating further falling.
GBPJPY REVERSAL FORMATIONAs we can see
gbpjpy has reached the resistance weekly and also rejected
here we go
my forecast for gbpjpy for bearish
we can execute gbpjpy as well after he give us flag on lower timeframe
so the forecast would be like this
share your perspective below
thankyou !
GbpJpy Melting The reason this play should play out because since the beginning of March the Pound has been in a downtrend creating lower high and low prices, And the trend has be verified.
On the daily we have a collection of variables that support the down move .
1st We have market structure creating lower swing points on the daily frame with price currently at a lower high swing , Which signals us opportunity to enter short.
2nd candlestick wise we have a bullish rejection candle closing bearish showing that bulls could not proceed to bring price higher.
3rd we have price rejecting the tools of the 20 ema and the 50 fib, with price also retesting a broken support.
Risk we are looking at around 100 points and seeking a reward of 500. So giving us a 5:1 ratio.
Need Next candle to follow up with bearish momentum to give final confirmation and we in the game for a long ride
GBPJPY MARKET STRUCTURE LINED UP WITH ELLIOT WAVE SETUPThis analysis shows an example of how Elliot Wave forecast used to line up with other technical indicators.
Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart.
As you can see, the blue zone lined up with minor demand/support zone, the third bounce of ascending trendline, and 50-61.8% Fibonacci ratio.
I will keep eyes on it to see how it played out!
What is your bias on GBPJPY? Let's chat in the comment!
Best,
Veejahbee.
Potencial Venta +120 pipsNOTA: El análisis anterior de GBPJPY donde perseguiamos solo +60 pips, se dio con éxito hasta los +70 pips (actualmente). Éxitos a quienes tomaron la entrada!
Actualmente, nos encontramos en un retroceso ascendente de aproximadamente 30 pips. (No operaremos éste retroceso; Solo le mantendremos el seguimiento hasta que se cumpla.) 134.985/135.315.
Una vez terminado el retroceso, ser paciente y esperar entrada a venta en la gráfica (posiblemente se crea un pull back). Al salir de la zona de Liquidez abrimos la venta oficialmente.
Entrada: 135.108
TP1: 134.823 +30 pips
TP2: 134.261 +90 pips
TP3: 133.922 +120 pips
NOTA IMPORTANTE: Luego de obtener nuestro TP3 mantener seguimiento a la acción del precio, ya que nos encontramos cerca de un punto máximo, el cuál sumaría unos +100 pips a lo que actualmente especulamos. En total, tendríamos una venta Aproximadamente +230 pips.
GBPJPY Long Term BULLOn the weekly time frame GBPJPY finally managed to break out from its long time resistance. You can see that in the past years it bounced back 3 times but this week it has finally broken it. This means 160+ is next for GBPJPY.
Keep in mind that this is the weekly time frame providing a long term view. There will be plenty of retracements and small corrections to sell.
GBPJPY Bearish Signals Looking liek a very bearish flag formign here, if we see a close below i expect to see further downside
Bearish Cypher formingSo in my previous Idea I though we had a double bottom form and the potential for a rise, we have now broken structure so Im now looking at the bigger picture and trend continuation
