GBPJPY seems BullishThe market of GBPJPY taking support on it's trendline. I believe it will obey it's support and will go more upside.
Gbpjpylong
0207 GBPJPY wkly plan sidways bfore new highHello traders,
GBPJPY made a good trade for us last week with Reward to risk rate higher than 4.
2906 GBPJPY broken channel for sellers with RR>4
Just a simple broken channel strategy.
Now taking back wkly chart to review, this pair's price action just a simple sideways movement above wkly EMAS. It would finish sideways on wkly chart soon to make a wkly breakout to new high, up to 173.30.
The big pic ABC wave (orange) on wkly chart and the purple ABC wave on 4H chart are different. They provide different idea to trade.
On wkly chart, you should wait for a breakout signal to follow buy.
On 4H chart, you can buy when price pull down to make a correction, and target resistance zone . After breaking the resistance zone , you can follow the idea on wkly breakout strategy to trade.
So your trading timeframe will define your trading timing.
Anyway, I would prefer to buy this pair next week and make 4H plan first.
Good luck!!!
LESS IS MORE!
GBPJPY | DOWNWARD MOVEGBPJPY has broken its rising support and moving downside. We have immediate horizontal support ahead we bulls may show some relief bounce.
A break below the horizontal level will be all over for the bulls and a bearish trend will prevail.
Trade your levels accordingly.
GBPJPY break below cloudGBPJPY lost more than 100 pips in today's Asian session on a strong yen.
Testing 200-MA if break below more downside eyes
GBPJPY Set UpsWorking on not overtrading and sticking to my plan. I'm up 8% on my funded account, however, I leave too much money on the table by either over-trading OR not trusting my trades to hit TP. My analysis continues to improve.
Price action will determine which of these trades to take.
GBP Set UpHere there are 3 opportunities on GBP. Price Action will determine which one of these 3 set ups I take :).
GBPJPY - Bullish with bearish opportunitiesWeekly:
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 triple topped on the daily time frame, hasn't broken the high of 168.710 or the neckline low of 161.727, the daily candles are in a weak bullish up 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 is slowly making its way back up to key supply areas highlighted in red
Price has retested the 164.646, and since then has continued to go up in a tight regression channel inducing prospects to take a position.
Trading Plan:
For now I will be looking to enter positions on the up trend retracements and looking for a short scalping opportunity on potential 'long squeezes' in major supply area's highlighted in red.
Long and Short scalp positions if timed correctly and managed sensibly can be profitable. Managing risk is key.
Green arrows are accompanied by long tool, red arrows are not accompanied by short tools as this is not my main focus but an opportunity to watch out for.
GBPJPYPrice in uptrend. Hidden divergence in place and price near lower trend line. SL below the HL. Target area defined. Similar picture on EURJPY.
GBPJPY - Daily Trade Idea - 28-Jun-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 UpWill wait for one of these paths to fulfill before looking to buy or sell GJ. Nice and simple. Let's see how the day goes.
Lets Take It Calm & Easy!Possibility of this happening. Just wait on price to do what it's supposed to do at the specific time. Be patient and use good money management skills!
GBPJPY A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 167.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
GBPJPY - Daily Trade Idea - 27-Jun-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: Bullish Inside Bar + Pin BarGBPJPY – SPOT: Buying On A Breakout Above The Bullish Inside Bar + Pin Bar (Combo Setup)
Price Action: Price formed a Bullish Inside Bar + Pin Bar (Combo Setup) overnight.
Price moved higher from the Inside Bar Pattern that had formed earlier this week (We did not consider trading this pattern).
Price moved higher from the prior Bullish Fakey + Pin Bar Setup that had formed late last week.
Potential Trade Idea 1: We are considering buying on a breakout above the Bullish Inside Bar + Pin Bar (Combo Setup).
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal (Which is a part of the prior Bullish Fakey Setup).
GBPJPYSHORT ,strong supply area GBPCAD SHORT ,strong supply area
Sell at the supply area take profit on the trend line.
Then buy on the touch of the trendline to continue with the uptrend
GBPJPY long - 6/22/22confluence to new 4hr stucture, a better fib placement is made with clearer levels. Lots of wicks of the 1 hr support and 50% fib area. Structure to the upside.
We could be long for the rest of the week GBPJPYHi Traders,
Today I take another look at GBPJPY, Price has dropped as expected in my previous post, But I have gotten stopped out before the drop. Looking At price, I believe the move is now done and we can expect a continuation to the upside.
Based on the 30-minute timeframe we have bounced off support and started moving bullish with all the current 30-minute candles closing as bullish candles, price has now met a minor level resistance at 166.600. If we are able to break above I will be looking at an easy Buy setup to 167.8.
Price could continue to make new highs But I will be happy with a 120 pip trade.
Be safe in the Markets.
Renaldo Philander
GBPJPY long - 6/22/22GBPJPY has overall bullish market structure with a pullback and several wicks rejection on a daily support and and .382 fib level.
GBPJPY buyGBPJPY touched the bullish trend line signals entry buy
GBPJPY touched the bullish trend line signals entry buy
GBPJPY touched the bullish trend line signals entry buy
GBPJPY - Daily Trade Idea - 22-Jun-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.
2106 GBPJPY buy breakout to 168.61Hello traders,
No doubt that GJ is on a bullish trend right now.
Price already breakout the recent high and possible to test next level.
Simple and buy this breakout with stop loss just a little be lower than low of last canlde.
Good luck!!!
LESS IS MORE!
