Gbpjpyidea
GBPJPY trade idea... How to Get a Sniper EntryGBPJPY trade idea... How to Get a Sniper Entry
I missed my entry! Danggit! But I believe there is a teaching moment here. In this video, I would like to share with you how to get
a sniper entry and maximize your risk to reward for bigger profits!
Macro analysis to micro executions.
GBPJPY trade ideaGJ has hit a strong downward TL, finding confluence of resistance there. Shorts here may feed us for the week, my pipples!
I hope you don't mind the longish video, as I like to teach as I give my analysis. I am hoping to help newer traders learn to become independent traders themselves.
Long GBPJPY Long GBPJPY - Swing trade idea.
I have bought GBPJPY at 151.35 as I feel this move lower is now exhausted. No interest in getting too carried away during this risk off mood, however I feel the run has gone a long way and if we had to see the dollar start to fall, that would cause GBPUSD to rally pulling up GBPJPY along with it. On the other hand, if the USD stays bid, this will cause USDJPY buying thus putting pressure on JPY strength and hopefully cause USDJPY to make a decent retracement higher again taking GBPJPY along for the ride.
Long GBPJPY - 151.35
TP - 156.00
SL - 150.70
GBPJPY BUYThis is GBPJPY analysis on 1hr timeframe, the market overall is trending to the upside and came down for retracement last week for a sell and this week the market has been moving to the upside, and i'm expecting it to continue to move to the upside from where it is at a moment, this is ITT's technical analysis trade with a good risk management.
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!
GBPJPY Forming Bearing Pattern As we can see on the GBPJPY daily time frame since last December, the Bull keeps the market up strongly, and the Pound was getting stronger than strong against YEN. After the G7 Meeting and Federal Reserve Meting, the Pond is getting weaker slowly. We are going to open a short position from the current price level.
GBP/JPY New Short Setup Available To Catch 140 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPYAs i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ...
This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000
THIS WEEK...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...
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Gbp/Jpy : Eyeing 157 handle Feb 2018 High ? As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top.
Trend : Up
Signal : Long Scalp ( 153.50-154.65 range)
Positional trade # 1: Long above 151.70 ( EMA 50)
Stop Loss : 150.50
Target : 157 handle
Positional Pending trade #2 : Sell limit @ 156.70-157.30
Stop Loss : 158.50
Target : Open