GBPJPY CONTINUATE DOWNCONFIRMATIONS: HEAD AND SHOUDERS 4H, WAIT TO RETEST NECKLINE, 50% FIBONACCI,POSSIBLE PULLBACK TO THIS AREA.
Gbpjpysell
GBP/JPY TO 136.600GBP/JPY shorts into 136.600, on the daily I see a shooting star with the wick driving into 140.300 before closing lower. If we close like this on the daily I'll keep this short bias.
GBPJPYas you can see we have a strong resistnace line in the weekly timesframe and in the daily we have a slight bullish channel.
the Higher Timeframe has a downtrend and the daily is uptrend BUT, the price is inside the Komu Cloud and Tenken & Kijun Made a Sell Cross.
So my prediction is a Falling to the Downline of Channel.
What is Your Idea? Tell me ;)
GBPJPY DOWNGBPJPY
As per the last analysis the price reach our first entry and now its giving us a second one on the down side, let the price makes its reversal and the make an entry to the down side on the big dotted line to the next level near 139.
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En base a nuestro previo análisis en este par el precio ya hizo la primer entrada y ahora nos esta dando otra posible entrada a la baja después de terminar su retroceso, asi que esperemos a que termine su retroceso y yo hare mi entrada en la linea punteada azul hasta lograr llegar al nivel 139.
GbpJpy at confluence supportIn my last GbpJpy analysis I said that I will sell this pair on confirmation. Since then GbpJpy dropped 100 pips and now is trading just at the confluence support.
A break here should accelerate losses and give scope to my 135 target.
Sellers can try to sell rallies and only a daily close above 140 would change my bearish outlook at this point
GBPJPY, 2hr tf, double top pattern to materializeHello my friends,
Another setup for today is GBPJPY.
It is very clear that a double top pattern formed so we will sell this pair.
The neckline already broken with a solid close below it and this upwards movement is only a retest in my opinion.
Sell GBPJPY 139.15
Stop loss 139.45
Take profit 138.25 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I am holding GBPJPY sell position from 139.15
GBPJPY SELL So GBPJPY broke out of ASIAN SESSION high and i'm expecting it to continue to move to the downside for +120 as my final TP.
GBP/JPY TO 136.600ABCDE move into 136.600. A nice downtrend. Price is are trading below the daily level, so I see a push into the blue daily and a rejection to short the pair.
GbpJpy- sell after confirmationAfter 133 recent low, GbpJpy had a good run and is trading now at around 140.
This represents a strong horizontal resistance and also a psychological one.
I'm looking to enter short after confirmation with a 500 pips target at 1350 zone
GBPJPY - SHORTPrice is at an important area in structure, price could either sell off or go back up. On LTF, there's a possibility that price can form a descending channel which could push price back up but its uncertain because price is forming an ascending channel on the LTF while retesting structure so price can possibly sell off to support. From HTF price possibly is forming an bearish flag, price just sold off from the trend line resistance. - PMGAI
GBPJPY, 4hr tf, pennant / flag pattern to materializedHello my friends,
Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit.
I started to get my edge back and i am going to post more positions for everyone to trade.
My first setup for today is GBPJPY.
To me, the recent sideways movement looks like a pennant / flag pattern and today i finally see price retest those broken support.
We could expect price to continue decline on GBPJPY as the measured objective of this pattern is 275 pips.
Nearest support is arond 136.30 area so we will try to sell GBPJPY and see if price could touch this support.
Sell GBPJPY 137.80
Stop loss 138.30
Take profit 136.30 (3R)
RR Ratio 1 : 3
Use only 1-2% profit
Good luck
GBPJPY: keep monitored it for a possibile shortGBPJPY
Sell Limit 138.0
SL 140.2
TP 131.2
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Trading Kitchen
GBP/JPY Technical Analysis
The counter has been consolidating within a bearish flag pattern after the deep slide.
It hit the upper parallel of the pattern and then made a strong sell-off.
We expect the pair to move lower and break down in the short-term.
GBPJPY Long-term Bearish Trade SetupIn the GBPJPY 4 hourly chart above, the price decline in five waves, it's positively correlated with GU at the moment. A five-wave move is regarded as an impulse pattern, which indicates the direction of the primary trend.
According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse move. In GBPJPY's case, the retracement took the shape of (w)-(x)-(y) double zigzag pattern.
The most interesting thing is that, once the correction is completed the price resumes in the direction of the primary trend. If this count is correct, we can expect the price to start declining from or below the current market price in the days ahead.
Want to know how I will take this setup? Send DM!
Best of luck on the chart,
Veejahbee.
GJ Sells Breakdown 13/11/2020I don't usually take impulse entries but I
have taken a similar setup on GJ 3 times
before already this week and they were all
winning trades
Entry was taken at the point we broke below
the wick of the bearish 30m candle on support
anticipating price to come down to the next
support. I used my usual 2% risk and price
very quickly moved towards target
TP hit and I secured 3.2% account increase
If we flipped bullish I would have managed risk
by closing half of my positions so that if SL
hit I lost less than I was happy to lose.
