Gbpjpydaily
GBPJPY top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY OHLC (SELLS) APRIL MONTHLY STRUCTUREPlease support this idea with LIKE if you find it useful..
GBPJPY
OHLC
Monthly structure In daily timeframe appears to be long-term sells.
Possible second leg of “M” pattern
Patiently waiting for a TDI CROSS to confirm sells . Also price line and bloodline are both within the Sell pressure zone making this high probability.
Runner Tp must be the “OPEN” which is a consolidated Quarter Level for GBPJPY.
Bearish divergence from last months high to current market price with wicks indicating rejections.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
GBPJPY (D) SHORTHello, on the daily overall we want to see sells for this week but although I will want to see a proper bullish candle close outside the major trend lines for a proper break and retest. But overall the GJ is sited on 50% retrenchment level which indicates a reservation but also structure does it too show. Although I meant expect a small bullish movement before making the overall move.
But either way bears are so ready!
Share with me your thoughts.
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GBPJPY Swing Bearish Setup !!The GBP-JPY is trading in a rising channel
And the husband rises to re-test
The channel's ascending resistance line
We expect a bearish pullback, but because this pair is in an uptrend
The trade will be in the opposite direction of the first
We will have to wait for confirmation of the formation of a bearish pattern to confirm selling to target areas below at 156.000