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Gbpjpyshort

GBPJPY 1.04% Return Trade ClosedGood Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me looking at it Question 2 - Who was interested (at that time)? Buyers were interested at that time Question 3 - Where were their stop losses? Stop losses would have been right below the highlighted levels (purple circles) & below the purple horizontal line (break out buyers) Question 4 - Have those stop losses been taken out? Yes I believe Stop losses would have been taken out already on GBPJPY (Red X) Question 5 - Did the set up make sense for me to pursue? Yes I believe it made sense for me to pursue this trade given the information I had When I woke up GBPJPY had a moved a massive 1:7.55 RRR, considering the fact that I risked 0.25% on this trade that would have meant had I closed at that RRR I would have taken home about 1.88% on this trade BUT, as you can see where I closed it, GJ had already pulled back a significant degree and in fear of it pulling back more and taking away more profit from me, I decided to close it (plus I'm going to be really busy today so I don't have the time to actively trail my stop as it goes further (which I do believe it can) My broker also shows a gap (I use ICM, whereas FXCM (tradingview) does not show a gap, which means manipulation is occurring somewhere in this area I closed the trade at 1.04% Return, doesn't sound like much but do the math on it from a much bigger account and tell me if you think it is worth it Plus I literally have been having an excellent week where I haven't lost any trades for the week, I'm on fire this week, let's see if I can keep it up I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader Downvote\don't Boost if you didn't read this post and didn't try to understand OR Upvote\Boost if you did read this post and did try to understand *Why don't I show my lot size?* *How much money I make is no where near as important as HOW I took the trade*
Long
by Brandon_evo4
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
1
GBP/JPY Sell idea from the resistance LevelGBPJPY's strong uptrend has run into a roadblock recently. The level of 190 is proving to be a hard nut to crack for the GJ bulls. Technically, the price has reached the top of the price channel in the GBP/JPY daily chart. Fundamentally, with the interest rates in Japan being so low compared to Britain, the Japanese Yen is inherently weak against the British Pound. So, this needs to be kept in mind too. That being said, if there is bearishness around the 190 level, there is potential to sell GJ@189.50-190 with Stop Loss above 190 and TPs at 187.185 and 181 respectively.
Short
by KaltoireCapital
GBPJPY Sell OpportuityMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPJPY for the upcoming week. JPY News this upcoming week. I'm looking to short. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx
3
GBP/JPY at Crossroads: BoJ Meeting and Economic PressuresGBP/JPY at Crossroads: BoJ Meeting and Economic Pressures The GBP/JPY pair finds itself in a state of indecision as it hovers within the confines of Friday's trading range. With support around the 179.000 area and resistance at 189.000, market participants are closely monitoring the reaction of the market after the monetary policy meeting by the Bank of Japan (BoJ). After the BOJ Meeting,Today, the Bank of Japan opted to retain its ultra-easy monetary policies, indicating a willingness to observe whether wage hikes will sufficiently contribute to sustaining inflation at the 2% target. While maintaining a cautious stance, the central bank expressed increasing confidence that conditions conducive to phasing out its substantial stimulus measures were slowly aligning, noting a gradual rise in the likelihood of the economy achieving lasting 2% inflation. BoJ Meeting Anticipation: Investors are gearing up for potential market shifts as they await the outcome of the BoJ meeting. The recent challenges faced by the Japanese economy, including slower wage growth and a New Year's Day earthquake, have cast a shadow on its overall economic outlook. These factors provide a compelling case for BoJ policymakers to consider maintaining an expansionary monetary policy stance. Market consensus suggests that there will likely be no adjustments to the Yield Curve Control (YCC), and the easy monetary policy is expected to remain unchanged. Inflation Concerns in Japan: Despite consistent underlying inflation in the Japanese economy surpassing 2%, BoJ policymakers remain cautious about the sustainability of inflation above the 2% target. The limited contribution from the labor cost index has left policymakers unconvinced about the persistence of inflationary pressures. UK Economic Worries: On the other side of the trade, the Pound Sterling faces its own set of challenges. Concerns about a potential technical recession in the United Kingdom have heightened as households grapple with the impact of higher interest rates set by the Bank of England (BoE) and persistent inflationary pressures. These economic hurdles contribute to the uncertainty surrounding the GBP/JPY pair. Technical Analysis: From a technical perspective, the price action illustrates a ranging market or channel. The pair oscillates between support and resistance levels, currently trading around 188.12 with a red candle at the time of writing this article. This range-bound behavior suggests a cyclical pattern of rebounding from support to resistance and vice versa. Trading Strategy: With the price testing the upper end of the channel, traders may consider a cautious approach. A potential trading setup involves watching for another rejection at the resistance zone of 189.000, anticipating a move towards the lower side of the channel. As always, risk management and a thorough analysis of market conditions should guide trading decisions. Conclusion: As the GBP/JPY pair grapples with uncertainties after the BoJ meeting and economic challenges in both Japan and the UK, traders are advised to stay vigilant. The monetary policy decisions from the BoJ will likely play a crucial role in determining the pair's direction. A prudent approach, considering technical and fundamental factors, will be essential to navigate the complexities of the current market environment. Our preference Short positions Below the 191.000 with targets at 185.000 & 180.000 in extension.
Short
by FOREXN1
11
GBP/JPY SELLGJ from last Friday had induced into supply and showed rejections to head down. This morning also created a fake out for early buyers and now looks to continue down for the real move. Upon seeing this and 15min close below zone as additional confirmation I entered sells @188.400 with sl@188.66( Risking 28pips). TP1: 187.75 TP2: 187.55 TP3: 187.25 * Where has the market moved since I entered my trade? In slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? calm, Confident * What do I like about this trade ? Playing out as anticipated * What do I dis-like about this trade now? nothing * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Short
by mrachaw
GBPJPY H1 / POSSIBLE BREACH OF THE STRUCTURE 📉Hello Traders! This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ. Keep in touch! Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 186.40, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 185.50 and 185.02, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 186.90. This helps limit potential losses if the trend breaks unexpectedly.
Short
by KABHI_TA_TRADING
2
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
GBPJPY I Pullback within the flag and bullish continuation Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy