Gbpjpybuy
GBPJPY uptrend is likely to continue but be carefulIt looks like GBPJPY's uptrend will continue. However, buyers must be careful and watch the 138 area. The price must stay above 137.80 level, which is the confluence of the 100H EMA and the support level.
If price stays above the support level, then we can expect a continuation of the uptrend to 139.20 level.
I have already bought at 137.85 and currently holding this trade.
GBPJPY and Buy Area (22/7/2020)Buy limit
135.275
SL 134.810
TP1 135.785
TP2 136.280
TP3 136.765
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPJPY and Buy Area (21/7/2020)Buy limit
135.165
SL 134.827
TP1 135.497
TP2 135.880
TP3 136.275
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC, uninstall your App..!
Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPJPY TRADE IDEAGBPJPY - We have a downtrend closing in on the support level. Will be waiting for a break or a bounce from the trendline resistance here. If it is a break and retest I would go Long, I would have 3 TP's: 48 pips, 75 pips & 114 pips and SL would be 20 pips. Small SL because I don't really want to stay in the trade if it goes back into the wedge.
GBP/JPY Wave Analysis
After a strong bull run, the counter is currently in corrective (ABC) mode.
It has completed wave A and is forming its final leg of wave B.
It is now up against a resistive trendline and a break above it can take it higher.
Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.
Possible Bullish Three-Drive Harmonic PatternHi everybody this is an example of a possible bullish three drive harmonic pattern . I want to take advantage of what could be an awesome example of the three drive and share with all of you the rules of this specific pattern. Point A should be the 61.8% Fibonacci retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2. Drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B. This example meets all the requirements.