GBPJPY BUY | Contraction and BREXIT movementRR is a positive 3.4 and im trading a contraction reversal, no breakout yet. But expecting something good for the UK with BREXIT.
As stated in the PipsMatter community, GBP showing BULLS all across, this is one of those 10/10 setups!
*Full trade detials in my community
Gbpjpybuy
GBPJPY - SELLERS FAKE - 14.05.2019DACAPITALTRADING V2.0:
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1 HOUR
Bearish market structure found support.
4 HOUR
Dropping price need a pullback to the upside.
DAILY
Strong waving market structure with a lot of waves.
DACapitalTrading V2.0
BUY GBPJPY
ENTRY @ 141.780
SL @ 140.430 (130 Pips)
TP @ 144.090 (230 Pips)
RR: 1.70
Use half of normal Risk (0.5%)
(Remember to add a few pips to all levels - different Brokers!)
LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE!
HAVE A GREAT WEEK
ALAN
GBPJPY: Trying a BUY after a Selloff?Like every other X/JPY pairs, GBPJPY too has seen a heavy sell-off this week. President Trump's threat of higher tariffs over the weekend has rattled the markets. And, that has led to high demand in SAFE HAVEN Yen.
Besides, Brexit uncertainties and the UK's political landscape has also contributed to Pound's fall. The combined factors have led to a big decline in GBPJPY.
However, is there a chance of a relief rally in GBPJPY?
We can see that the price is now in the 142.80-143.10 area. In the past, this area has acted as a REVERSAL point for GBPJPY.
So, it's important to analyze how price behaves in this area.
Upon BULLISH PRICE ACTION, traders can look for BUYS at 142.80-143.10 with SL below 142.60.
TPs can be set at 144, 145.20 and 147 respectively.
Possible Long Position for GBPJPYPossible long position for GBPJPY. I predicted exactly where the price would hit the local support line and bounce back up, we will now take this conformation and use it to Buy GBPJPY to the next local resistance line, and after that we may take it to a stronger resistance line. Keep an eye out for updates as I will be following this pair closely. FX:GBPJPY
GBPJPY - PULLBACK - 23. APR. 2019WELCOME TO DACAPITAL-TRADING!
GBPJPY FOREX BREAKDOWN 23 APRIL 2019
1 HOUR
Bearish open below previous week support and long holders sl levels
4 HOUR
Bullish waving market with several pullbacks
DAILY
Good long entrys now after market took out several buyers and support zones
PULLBACK SETUP
BUY GBPJPY
ENTRY @ 145.055
SL @ 144.145
TP @ 146.090
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Avoid getting f#ckedWe can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone.
If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p
But obviously with trading any GBP pairing around brexit you have to be careful and use correct risk management to avoid getting f#cked.
GBPJPY CHANNEL BREAKOUT GBPJPY has been travelling in an descending channel, it had a little fake breakout , but price came back into the channel, retested the inside and has started travelling down.
Price formed an ascending channel on its way up , however it has now broken out to the downside and has come back to retest it , giving us another indication that we should sell.
GBPJPY | Intraday trend tradeGBPJPY has broken above a descending trend line on the 4H chart & below.
Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside.
Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area.
Manage your risk professionally when trading this setup.