Gbpjpysell
SELL AFTER PULLBACK FOR GBPJPY We saw this pair break bearish yesterday and break the trend line i have plotted. You can see price broke below that and retraced at support. Price is currently at 50% of that bearish breakout. We MAY see price break lower as divergence is also evident. Having said that, we may see price retest that trend line before a potential bearish move. If price re tests the trend line and moves bearish, our take profit will be adjusted accordingly.
Entry - grey price level
Stop loss - red price level
Take profit - green price level
Risk management - 1% risked on trade
Risk to reward 1:2
Hit that follow button :)
GBPJPY, TIME FOR THE BEARS TO RUN?Hello Traders,
After the break on the bigger structure in GBPJPY, we have set our eyes in a potential short position, with a second correction settled, now will be the perfect opportunity to enter, but, before doing so, we would like to see the 3rd touch in the correction, followed by a Doji or some kind of retracement in the 15/30M charts.
We have our eyes set at the 141.00 mark, but to achieve that price we will need to break the support level, all tho, we can make an easy 100 pips by entering the 3rd touch.
If you fail to miss the entry in the 3rd touch, you can look for an entry after the correction is broken, the risk/reward will not be as good, but you will still be able to get a good 1/2!
Best of lucks,
GlobalYouthTrading
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GBPJPY - WEEKLY SWING - 12. MAR. 2019WELCOME TO DACAPITAL-TRADING!
GBPJPY FOREX BREAKDOWN 12 MAR 2019
1 HOUR
Skyrocket in GBP Pairs, greed kicks in to people.
4 HOUR
We need a pullback to the downside, too much pressure!
DAILY
Bullish market need to turn bearish now!
LEVELS
SELL GBPJPY
ENTRY @ 147.110
SL @ 148.640 (150 Pips)
TP @ 144.860 (230 Pips)
RR: 1.50, use half of normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow
We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now...
We see that the M30 TF has broken a level of support.
I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form
OR
it break the support that it is currently at right now... Again retest the broken area and strike!
145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNowGBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow
We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now...
We see that the M30 TF has broken a level of support.
I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form
OR
it break the support that it is currently at right now... Again retest the broken area and strike!
145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.