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
Gbpjpysell
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 Sell opportunity GBPJPY first broke the trend line than broke a support
now market is going to retest the broken support which become a resistance now
wait for the retest of broken structure and look for bearish confirmation on lower time frames
than sell GBPJPY with proper money management and risk to reward
patience is the key in the financial world
Potential Sell - Retracement! GBP/JPY - Potential sell;
Waiting for price to tap back into the demand that broke LTF structure close to the current HOD or a break of momentum/retest, if we get that with failed highs i'll be targeting the lows!
Was looking good to enter now but was to risky/SL was to large!
Let me know your thoughts!
GBP/JPY Sell 1.6K pip Sell Limit: 162.900-163.100
Stop Loss: 163.200-163.500
Take Profit: 161.900-161.600
Risk/Reward Ratio: 2.1:1
Hedge:
Buy Limit/Stop: 162.900-163.100 * Hedge Entry equal to Initial Trade Entry
Stop Loss: 161. 700-162.900
Take Profit: 163.200-163.500 * Hedge T/P equal to Initial Trade Stop Loss to hedge 100% of losses
P&L:
Potential Profit: 1K - 1.3K pips
Potential Loss: 0 - .6K pips
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GBP/JPY Sell Signals= +1.4k - 2.1k pipsTrade Levels:
SELL LIMIT/STOP: 163/162.4
STOP LOSS: 163.5 - 164
TAKE PROFITS: 160.9 - 161
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GBP/JPY Running In 450 Pips 0Drawdown, New Scalping Entry AddedThis 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.