Gbpjpysetup
GBPJPY LONG - WEEK 17-22thGBPJPY will follow the same trend as GBPUSD. Price will go up then have an extremely nice sell. TRADE GANGGGGGGG
GBPJPY Short trade opportunity! On screen analysis...Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair.
The first target is based on a Fibonacci Retracement level of 0.618
The Second target point is the last Lower Low seen on the Daily chart
The Third target point is based on the Fibonacci Trend Extension level of 0.786
Be patient and always trade with care!
GBP/JPY, Daily Candle closed above the Key Level 132.00This close of the daily candle could expose the price more to the upside. I like this looks good.
GBPJPY M15As long as this short doesn't break the 133.2 area I'll keep the order in in case it drops and hits the sell order.
GBPJPY, SELL on H4- Structure : downtred
- Below previous resistance
- Wait for confirmation
=> SELL
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
Short Setup on GBPJPYThis is a short potential area that we can consider.
If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
GBPJPY, SELL on H4- GBPJPY might reverse it's trend
- We got to see an impulsive move
- Now wait it's time for corrective move and then go up again
- Use fibo 50-61.8% for target
GBPJPY LONGLong GBPJPY.. just started to posting ideas, this one went nice (will provide more fresh ideas from now on)
GBPJPY triangle GBPJPY the price is 127.7 on the lower line of the triangle .
let see if it will be strong enough to send the price up
GBPJPY shortTook this tarde, and hopefully it will test 130.50 level soon. There are some historical levels there.
GBPJPY: BE READY FOR NEXT IMPULSIVE WAVE.Thanks for Taking Interested in my Trading Idea.
GBPJPY: CORRECTION WAVE STARTED READY FOR NEXT IMPULSIVE WAVE.
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
GBPJPY Set to Complete an Elliot Wave Zigzag PatternGBPJPY's chart above shows the corrective move that started from wave (v) high.
The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag.
Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b).
To complete the zigzag pattern a five-wave impulse in wave (c) is needed and that looks to have started now.
The break of the blue line is a good level to take a short entry.
My Idea on GBPJPYI'm looking for a long break on GBPJPY but first I'm seeing the market going side ways all the way to the yellow Zone, I'm still going to keep my eye on this pair we might see the break happening before the Zone. and like always we should respect the reversal patterns they can be a confirmation of the break coming up
