Gbpjpylong
GBPJPY top-down analysisHello 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 longs 17Aug20221. GBPJPY has broken its previous daily high, indicating large bullish pressure!
2. Entered longs once the pre London price closed above my marked resistance at 162.600.
3. Entered longs during London Open when the 1hr candle formed lower wick to grab liquidity.
4. SL was placed below the previous low of 1hr candle.
5. Target the next 1hr resistance (163.471).
GBPJPY possible buy zone!!GBPJPY (4H) has formed a strong bullish engulfer with a liquidity grab from the monthly support zone. At the same time, there is an inverted head & shoulder have formed on the 4H timeframe. This market is long-term bullish and there is a high probability that GBPJPy continues to rise from this zone to continue it's long-term uptrend.
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GBPJPY - Daily Trade Idea - 17-Aug-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
GBPJPY:Buying dips worthwhile!GBPJPY
Intraday - We look to Buy at 160.40 (stop at 159.50)
We are trading at oversold extremes. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to buy dips.
Our profit targets will be 162.20 and 165.65
Resistance: 162.20 / 165.65 / 168.70
Support: 158.70 / 155.60 / 152.00
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GBPJPY - Daily Trade Idea - 12-Aug-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
GBPJPY - Daily Trade Idea - 10-Aug-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
GBPJPY - Daily Trade Idea - 9-Aug-22GBPJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
GBPJPY Sell opportunity gbpjpy like other jpy pairs make an false breakout out and immediately down to our area
now we are expecting the market can go way down so must catch the wave down
look for bearish confirmations on lower time frames and sell GBPJPY with your own money management
always remember patience eis the key
GBPJPY: Bullish Pin Bar SignalGBPJPY – SPOT: Buying On Retracement Lower To Within The Range Of Long-Tailed Bullish Pin Bar Signal
Price Action: Price moved higher from the Long-Tailed Bullish Pin Bar Signal that had formed earlier this week (We suggested trading on a retracement lower into the range of this signal in the August 3rd members' daily newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the current Long-Tailed Bullish Pin Bar Signal.
GBPJPY D1: Bearish outlook seen, further downside below 164.50On the Daily time frame, prices are approaching the resistance zone at 164.50, in line with the descending channel’s resistance and Fibonacci confluence levels where we could see a reversal below this area to the support target at 156.80. Failure to hold below the resistance zone at 164.50 could see a push up to the resistance target at 167.90. Stochastic is facing bearish pressure from its resistance as well where we could see limited upside before it reaches resistance at 96.70.