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Gbpjpylong

Buy GBPJPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 190.50. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 191.25: This represents the first level of resistance within the channel. 191.61: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 190.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
16
GBPJPY I Bullish breakout and continuation Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4
GJ BuysGj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time. Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips). TP1: 191.500 TP2: 191.800 * Where has the market moved since I entered my trade? Slight Profit * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic, taken outside mu usual time lot * What do I like about this trade ? Good entry, solid confirm on both 1h & 4h * What do I dis-like about this trade now? Nothing * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
GBPJPY LONG Despite BOJ Intervention ThreatI am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame. I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN. I might change my order to Market Buy instead of Limit Buy if I see that GBPJPY buying demand has resumed on the lower time frames, and it is tough for me to buy in at my expected discount price. Shall see. 1027SGT 21032024
Long
by ProfessionalDuckHunter
1
#GBPJPY: Yesterday's idea 200+ pips up| Here is second entry | OANDA:GBPJPY yesterday's idea did the exact same thing as had expected right now the pair is up 200+ PIPS, we are anticipating a small correction in the price, where we think price will bounce back strongly. Wait for price to approach our level and then enter a buy entry accordingly. Remember to use proper risk management and take this idea as bias only. If you do not agree then do not take. Good luck and trade safe.
Long
by Setupsfx_
19
GBPJPY H4 | Breaking out of resistanceGBPJPY is rising towards a pullback resistance and could potentially break above this level and climb higher. Buy entry is at 189.153 which is a pullback resistance. Stop loss is at 188.484 which is a level that sits above a swing-low support that aligns with 50% Fibonacci retracement. Take profit is at 191.317 which is a swing-high resistance High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Long
by Alvard
GJ SellGj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will carry on going down. This confirmed at 2.45pm uk time. I then entered sells @189.00 with sl@189.33 (risking 33pips). TP1: 188.33. TP2: 188.05 * Where has the market moved since I entered my trade? PROFITS * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Confident * What do I like about this trade ? Multiple confluences and good entry * What do I dis-like about this trade now? taking its time * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ?No
Long
by mrachaw
1
GBP/JPY BUYSGJ closed above buy zone (189.15) zone on the 1h at GBP 9.00am Upon seeing this as the stop loss would have to be placed below the 1h candle @188.75 I waited for price to come down to entry range of 189.00- 189.10. Where I entered manually @189.08 with sl@188.75 (risking 33pips). TP1:189.47 TP2:189.75 TP3: 189.85. TP4:190.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Waited for good entry * What do I dis-like about this trade now? Taking its time and choppy * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
British Pound Faces Volatility Amid Economic UncertaintyThe British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank of England's monetary policy decisions, for clues about the pound's future direction. With global economic conditions remaining uncertain, the British Pound is expected to continue facing volatility in the near term, posing challenges and opportunities for traders and investors alike.
by CaterinaGoldTrading
GJ BUYSGJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set a buy limit @188.25. Aiming for 1:3; R:R. TP1: 188.75 TP2: 189.00 TP3: 189.47 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Precise entry * What do I dis-like about this trade now? taking its time, reversal trades tend to do this * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
GBPJPY Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance. Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points. Volume: Look for volume confirmation when the price approaches either boundary to validate the range. Trade Strategy: Bullish Scenario: Consider a long position near the support level with a stop loss just below it. Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable. Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel. Risk Management: Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend. News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
by itmecrypomania