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Gbpjpysignal

GBPJPY New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
3
GBPJPY 21/10/2022So we are still ranging in between 169.313 as resistance & 167.574 as support. Also we have a shorter TF resistance level formed in between the ranging zone at 168.667. Now if price closes below the support at 167.563 on 30m TF then we can expect price to continue pushing down to the next support level at 166.972 or all the to 165.601. Similarly if price closes above the recent resistance at 168.667, then price might continue pushing up to the next key zone on the long side at 169.324 or all the way to 170.071 as shown in the chart.
by mightybullcapital
GBPJPY 20/10/2022Price has a recent support at 167.736 which its currently making a break out of & also it formed a resistance at 168.425. Price also just formed multiple lower lows while moving in respect to a newly formed downtrendline as you can see from the chart. Now if price respects the resistance & closes below the support, then we can expect price to continue pushing down in that downtrend to the next Support at 167.037 or all the way to 165.542 support zone as a retracement move after the huge bullish run on HTF.
Short
by mightybullcapital
1
GBPJPY 19/10/2022Price has a recent support zone at 168.400 & resistance zone at 169.337. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next key level at 167.810 or all the way to 167.047. However if price respects the support & breaks out of the resistance, then it might continue pushing up to retest the HTF resistance level at 170.119.
by mightybullcapital
2
GBPJPY 17/10/2022Price facing recent support at 167.073 after creating a new high retesting HTF resistance level at 167.846 while also moving in respect to a HTF uptrendline. So if price closes below the support zone, then we can look for trades on the short side expecting price to push down retesting the next support levels at 166.363 or 165.419. However if continue to respect the support & the uptrendline and makes a breakout of the recent high at 167.846, then we can look for trades on long side expecting price to continue bullish retesting the next resistance on HTF at 168.727.
by mightybullcapital
GBPJPY SHORT WITH 2 CONFLUCENCES List of confluences: 1: Trendline Breakout 2:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
Short
by NDOBObanks
1
GBPJPY 12/10/2022We can see price made a breakout of the retracement move's downtrend channel & came down again to grab liquidity on the support zone at 159.619 then started to face bullish momentum signaling a bullish continuation run on HTF. Now we have a resistance zone at 162.685 which GJ almost retesting, So if gj makes a break & close above the resistance zone on 30 min TF then we can start to look for trades on the long side on shorter tf in hopes of gj coming all the way up to make a retest on the next key zone at 164.405 setting your stop loss below certain structure in 30 min TF.
Long
by mightybullcapital
GBPJPY Buy Signal With Price ActionCheck out the technical analysis-based trade plan for the GBPJPY today. On the 4h to D1 period, the GBPJPY has produced a trend breakthrough, and we are now getting near to major support. We must therefore determine whether the prices for the GBPJPY pair will break through the support or rebound back to the recently formed highs. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by FTSCHART
GBPJPY 4/10/2022Price currently facing rejection after retesting a major key zone on HTF at 165.072 & also facing very recent support at 163.414 while moving in a short tf uptrendline. now if price closes below the recent support then it would be breaking out of the recent uptrendline & price might continue to push down to the next support zone at 161.951 or al the way down to 160.472 as a retracement move on HTF. However if price does respects the recent support & closes above the high at 165.072, then price might continue its bullish run to the next HTF key level at 167.803.
by mightybullcapital
GJ shortMonthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing. On the 4h; there is a spinning top candle followed with a bearish engulfing My confluences for a trade; 4h Breaking previous HL Below emas A heavy bearish momentum breaking the S/R zone The monthly/weekly long wick candles indicating loss of bullish momentum and a high probability of price reversing.
Short
by Ily14
2