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.
Gbpjpysignal
GBPJPY Up Move Rejected - Consolidation Channel Entered. SELLGBPJPY showed a sudden, strong upward move some hours back, but the upward move seems to have lost strength around the current levels of 132.950, which is a strong resistance level for the 1H chart. I see this pair now entering a consolidation channel, hovering between 132.950 and 132.750 levels. I would go short on this pair for the near term, placing a take profit level around the 132.750 levels and wait for a clear trend to show.
GBPJPY short position in near termAs can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
GBPJPY, SELL on H4- Structure : downtred
- Below previous resistance
- Wait for confirmation
=> SELL
GBP/JPY, Update on the pairGBP/JPY fell down like an apple from a tree and smashed our 1st Take Profit. 2nd Entry was closed manually when it reached the first structural Level on H4 Timeframe.
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
BRITISH POUND / JAPANESE YEN (GBPJPY) DailyDates in the future with the greatest probability for a price high or price low
BRITISH POUND /JAPANESE YEN (GBPJPY) WeeklyDates in the future with the greatest probability for a price high or price low
GBPJPY bullish trade ideaAS we can see on 4H , there was a nice pullback , so now we can expect a bullish price action and start taking it to the new longs
GBP/JPY BUY: Retrenchment Expected GBP/JPY is pressured and it's a historical low. Momentum are still down but the rebound is expected t0 130.40 area, as long as 126.65 holds as support.
GBPJPY long trade ideaPlan : resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY long trade ideaPlan : trendline breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBP/JPY long/buy idea almost 800 pips move...in the name of ALLAH who is most merciful and the master...
we take trading as a business... not a gamble...
calculated approximate risk to reward ratio...
GBP/JPY long/buy idea almost 600 pips move...in the name of ALLAH who is most merciful and the master...
we take trading as a business... not a gamble...
calculated approximate risk to reward ratio...
GBPJPY: BE READY FOR NEXT IMPULSIVE WAVE.Thanks for Taking Interested in my Trading Idea.
GBPJPY: CORRECTION WAVE STARTED READY FOR NEXT IMPULSIVE WAVE.
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
GBPJPY short trade ideaPlan : trendline & support level breakout --> wait for price to bounce off from horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
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
GBPJPY buy on H3Plan : wait for price to bounce off from horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPJPY is on bearish continuationPlan : wait for prices to bounce off key resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
