Gbpjpybuy
Simple trade 0.618 extensionNow Im in short from 140.52 SL 140.77
Pending buy on 133.56
Lets see
Your coment and like welcome! :-)
GBPJPY DOUBLE BOTTOM PATTERN BUY TRADEON THE WEEKLY CHART PRICE HAS TESTED THE 130.008 PRICE LEVEL (PURPLE), TWICE.
PLACE A BUY JUST BEFORE 130.000 LEVEL WITH A STOP LOSS JUST BELOW THAT.
NO PROFIT TARGET. LET YOUR WINNERS RUN.
GBPJPY Bullish Bat382 and 618 targets
2 trades SL on both 134.662 when 382 target hit on trade 1 will move stop to break even on Trade 2
GBPJPY Long - 133.200The Pound has exploded higher on Friday and in my experience after such strong movements comes a decent pullback.
I am bullish on the GBP as we are now trading well above the most important moving averages, aswell as having convincingly broken through the Daily 21 EMA.
I am expecting a retest of the D21 and previous structure found at the 133.200 level before going long, with targets up at 134.200-400, with a long-term 382 fib resting around 134.480.
Stop loss will be tight at around 25 pips with a 100 pip target, giving us a 1:4 risk/reward ratio.
Where next for GBPJPY?Sell the rally, but where to sell?
The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it.
I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade management but this target would mean a break of the upwards trendline that has been in place sine the 22nd August and a potential reversal for longer term trend continuation.
If you're bullish on this pair then you might want to see a break of the previous highs and the Daily 21 EMA, then a retest of structure before going long with a target of 134.470 or roughly 117 pips.
Or you could trade them both? What do you think?
Gbpjpy buy on H4 strong supportGbpjpy seems Strong support around 131.2-130.9 level We advice to buy in range 131.9-131.4 with sl below 130.8 and TP1 133 TP2 134
GBPJPY Hard buy breakout expected for long! Dont miss that!GBPJPY Hard buy breakout expected for long! Dont miss that!
As always, Buy GREEN Sell RED breakout!
GBPJPY BULLISH BREAKOUT SIGNAL CALL.The price finding support area at 139.50. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 140.50 with potential target at 144.30- 145.70.
Potential Bearish Bat on GBPJPYOne can either Trade C to D or The Dpoint of this pattern. we see a respect of red trendiness so be patient and wait on it!
GBPJPY Monthly possible 2618 set up So over the last week or so I have had ideas about getting long and each time I think we have had a double bottom we break structure and push lower.
So taking a step back from teh daily and weekly and having a look at the monthly charts we do have a possible s618 set up happening, this would coinside with the further push lower and also be in or arround teh over sold level on the RSI
GBPJPY 4hr 618 retracementLooking at a bullish view and seeing how we may see a rise.
We have had an impulse leg and 618 retracement, looking at the RSI possible harmonic move could happen taking us up to wards previous structure resistance. This would also be relevant to a B to C leg of a possible Gartley / Cypher
GBPJPY Long it part 2GBP pairs are very volatile due to Brexit, so be careful.
great ratio, best of luck !
GBPJPY LongWe have a broken trend line on a very unstable pair, considering brexit and all.
Don't risk too much on this pair as GBP acts really randomly, but with all that being said, this trade has a great ratio and we have already pulled back and am expecting upward movements to 157-158.
GBPJPY Double Bottom Daily ChartWe have come back down to a previous rear of support on the daily charts.
With the wick on the cuirrent candle we have rejected a push lower and I feel we will see mroe upside during the coming week/s
Good Luck
