Gbpjpysetup
GBPJPY - EDUCATION - 28. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Very bearish price action and pressure
4 HOUR
Slowly waving market looking for a direction to break out
DAILY
Very bearish waving market without any kind of pullbacks or bullish pressure.
OVERALL
Looking for a break of previous weeks lows and support zone or weekly highs and resistance area,
prices been bearish for a very long time without any kind of pullbacks. Several long holders have been
taken out and market need to pump shortly. Will update you about all scenarios!
Good luck
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Have a great week everyone!
ALAN
GBPJPY is Doing a Lower Price Push Movement1. Pair GBPJPY has made a strong bullish trend, but not always will this trend persist. The end of this trend is indicated by the formation of a volume divergence on the chart with a yellow line.
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2. This pair must return first to the Fibonacci level retracement which is at level 0.618 (minimum) or can be further to level 0.5
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3. Consolidation of prices will be quite time consuming and may take a relatively long time, so stay patient until the formation of price action is formed.
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4. It is stop out at the price of 148,700
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5. And the last one is the Take Profit price of 145,830
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Conclusion: Signal Strength >>> $$$$$
Recommendation: Sell Limit >>>>> Very Strong
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----- This writing is for education only and does not recommend to buying or selling ----
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment!
At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South !
However, a clean break of 142.139 will give us indications that we will go directly to the target!
Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha.
All the best!
Trading Protection
GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top.
Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week.
Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout.
This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions.
SPOTTING PATTERNS IN MARKET:
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HELPFUL VIDEO TO TEACH YOU HOW TO TRADE:
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DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
GBPJPY 2618 CRAZY 500+ PIPSGBPJPY 2618 price have tried to break above 156 double topped then broke structure to the downside 61.8% fib retracement. 146-148 very strong support but if Cable depreciates and geopolitical tension push investors to the safe heaven assets we may see huge profits and huge moves in that pair. GOOD LUCK
GBPJPY Long Setup (Short Term)Longer term I am bearish on this pair but I do see room to the upside for another 150-200 pips.
This 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.