Long bias on GBPJPY @ 7/11/22Today’s expectation is explained in the chart.
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Gbpjpylong
GBPJPY Intraday Buy SetupHey traders, here is the intraday buy setup for GBPJPY. Don't just enter a buy on the retest and wait for candle rejection. If you guys like my analysis please hit like👍 and follow. Thanks.
GPBJPY - Horseshoe patternTrading Plan:
Horseshoe pattern - I am waiting on price to reach 165.000 to enter a long on the retrace in the golden pocket, as always I look for scalping opportunities in the main supply/demand zones, I just use S/R flip strategy for this.
Weekly:
Price has double topped on the weekly time frame, hasn't broken the high of 168.710 or the low of 155.609, from a macro perspective price is technically still in an up-trend
Daily:
Price has broken neckline low of 161.727 and has been in a retracement ever since, until price closes about 165.000 I will still say it is a retracement as opposed to a reversal. A close below 155 - 160 on the daily would be ideal to change the overall macro trend
Lower time frames:
Price has attempted to double top the 167.855 however fell short on the second rally up at 167.444. Price continued down reaching low of 160.367 however no break and close below 160.
The impulse wave down from 165.00 to 161.500 is currently being corrected, price does appear to be making a slow bullish retracement to 165.
Price formed a descending broadening wedge which is a reversal pattern, it has played out to the target, now I am awaiting more data to confirm a solid reversal (close above on the 4hr 165.000)
GBPJPY LONGif the price break the resistance we will visit the green areas
TP 1
GBPJPY ==> 174
TP 2
GBPJPY ==> 185
SL in 159
GBPJPY - Daily Trade Idea - 11-Jul-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 Set UpsThese are the 3 scenarios that I see on GBPJPY. Bias is to the downside, however, candle action will decide.
GBPJPY Long AnalysisHey traders, here is the analysis for the GBPJPY. If you guys like my analysis please hit like👍 and follow. Thanks.
GBPJPY-LongGBPJPY market is moving in downtrend channel. While in recent downtrend we can see bullish engulfing. So looking at the position i am looking for buy move with two possibilities that i have mentioned.
GBPJPY going upAs you can see , pair made same pattern on exactly same levels.
It made HnS on 30 min chart , wait for neckline break
Trade safe guys !
GBPJPYGBPJPY- Could see it formed H&S pattern. It will travel towards the marked Target zone.
Disc- This is only for learning purpose only and not a trading recommendation.
Gbpypy Bulish Invert head and shouldersback above we are bulish
target 134.35 trade at your own risk its a idea
Long bias on GBPJPY @ 7/7/22Today’s expectation is explained in the chart.
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GBPJPY - Descending broadening wedgeWeekly:
Price has double topped on the weekly time frame, hasn't broken the high of 168.710 or the low of 155.609, from a macro perspective price is technically still in an up-trend
Daily:
Price has broken neckline low of 161.727 and could be due for a short term retracement given consecutive days in the red. A close below 155 - 160 on the daily would be ideal to change the overall macro trend
Lower time frames:
Price has attempted to double top the 167.855 however fell short on the second rally up at 167.444. Price has since continued down reaching low of 160.367 however no break and close below 160 for now.
Price appears to be creating a descending broadening wedge which is a reversal pattern, it may play out to the target as a retracement or it could be the start of a bullish trend.
Trading Plan:
For now I will be looking to enter long position and as always will be looking out for a short scalping opportunity.
GBPJPY - Daily Trade Idea - 7-Jul-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.
DONT MISS ITfound good setup on GBPJPY for long . stick to 15 pip stoploss and use proper money management.WISH YOU ALL THE BEST.dont forget to like and follow me it motivate me to keep sharing my personal entries to public
GBPJPY Set UpsWould love to see GJ tap into support, but I will wait for the 4-hour candle to close. If I see rejection, I will buy to resistance.
GBPJPY - Daily Trade Idea - 5-Jul-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 Testing Cloud BaseGBPJPY showed a minor pullback of more than 150 pips from its Friday's low of 161.56
The near-term resistance is around 164, holding below 21-EMA
GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full will be released this month!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
