Gbpjpysell
GBPJPY Short RetestThe pair has gone up to retest former support and treating it now as resistance, which is obviously a reason to short the pair. But not only that, this pair has now touched the trendline resistance and the 0.618 zone on the FIB, another reason to short the pair. Overall market projection is Bearish, and lets get those sell orders in with a entry on a nice rejection candle.
GBPJPY Rising Wedge (short)H4 Timeframe
Potential sell on GBPJPY
Rising wedge pattern, waiting for price to break lower trend line before going SHORT
GBP JPY Trend Changed?GBP JPY Has Broken the uptrend Channel from March 2018. An strong bearish trend in Daily Chart as well. i will Short only after the pullback at 151.300 For TGT of 149.400 with the STOPLOSS of 152.213 which gives us Risk to Reward Ratio of 1:2.
GBPJPY ShortPair seems to be starting to form a head and shoulders pattern on the weekly chart. With disappointing CPI and Average Earnings news this week, and risks in Syria which makes safe haven assets like Yen more appealing, GBPJPY is more likely to consolidate in the near future instead, if not drop all the way down to 146-148. This is despite expectations on BoE rate hike this May (which is more likely priced in by now). Setting up sell stop just a few pips below this week's support with TP @148 (base pivot on weekly chart) and SL near this week's resistance @154.
www.dailyfx.com
Daily:
Weekly:
Confidence: B (because of geopolitical risks involved)
GBP/JPY Long Term Sell OpportunityIt seems GBP/JPY almost reached it's resistance. There will be a good opportunity to go bearish the price If the market breakout's it's direction price between 152.048 to 151.283
GBP/JPY Sell OpportunityFrom the Bullish Channel trend. GBP/JPY Reached it's resistance @ 150.380. Now there is a good Opportunity to Sell until price @ 149.000
>> GBPJPY << March 19th >> Long „Breakout“ Setup <<Hey Guys and Welcome,
GBPJPY broke previous week Highs, we are following „Mid“-term Trend with a good RR.
What a bullish rocket with the last H4 Candle will be see a further push upside?? Very good Price action!
Long: 149.414
Sl: 148.893 (50 Pips)
Tp1: 149.916 (50 Pips)
TP2: 150.651 (125 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
GBPJPY respecting ABCD pattern Hey guys,
Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line
Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.
Let's see if this trade goes thru
T/P at 136.42
S/L at 151.25
R:R 3!
Please don't trade more than 2% of your capital
Hope you earn some profits out of this trade
Cheers!
GBPJPY Bearish Shark PatternEntry at D point, 88.6% of XA.
TP 38.2 and 61.8
SL Above X
Use your trade plan to enter & manage trades
GBP/JPY SHORT based on a descending channelIt looks like it might be time for GBP/JPY to come down a bit again. There is an extremely well-respected descending channel and potential flag on the 4 hour chart.
TELL ME IN THE COMMENTS SECTION WHAT YOU GUYS THINK ABOUT GBP/JPY CURRENTLY!
PLEASE NOTE: I am starting a compound challenge where I will attempt to turn $20 into $10,000 by doubling my account (while risking 50%) for 9 straight trades. This is why my take profit is set where it is. In reality I would be looking to TP at the bottom of the channel but if price rejects at the previous low it would create a triple bottom and would likely break the channel on the next move upwards. Only time will tell.
PLEASE ALSO NOTE: I don't use stop losses unless I am locking in some profit. Therefore what I will be looking for is a 4 hour candle close above the current descending channel to signal a break and an exit for me.
Short term sell in GBPJPYShort term sell opportunity in GBPJPY within the corrective structure. Please trade with care.
GBPJPY Short at 149
Our preference: short position below 150.30 with targets at 149.40 & 149.00 in extension.
Alternative scenario: in excess of 150.30, aim for a continuation of the rise with 150.65 & 151.00 in the line of fire.
Comment: the RSI has just hit a bullish right.
Sell GBPJPY Longterm Based on Rising Wedge + H&S PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Sell GBPJPY Longterm Based on H&S Chart Pattern on H4 TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPJPY Medium TermGBPJPY price action contained in a multi-month bullish channel and broke out 2017 highs,I am short GBPJPY at 150.92- i am looking for a bigger swing to play with a target in view 147.63 (38.2% fibonacci retracement/my 1mo moving number) & a prior support turned resistance area. My stop is currently break even now.
