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Gbpjpysignal

GJ Analysis 06/10/2020We are currently trading in a sizeable 40 pip range, we have two options to enter a trade: 1) If we break below support and form a resistance on lower timeframes, we can look for sell entries for a potential wickfill. It is a decent sized range to fill and profits would be secured early as usual anyway. 2) If we break above 136.275, look for price to form support on lower timeframes before riding price up to 136.600. We have a good range to fill but we need to keep an eye on that wick rejection as it could cause some issues on the way up.
by mcrhf_fx
GJ Analysis 04/10/2020 -- UpdateI had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone. Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe. Support then formed so my next job was to wait for a confirmation for my buy entry, this happened to be when the 5m candle broke above the high of the previous 5m candle. My stops were placed a few pips below the current 30m candle due to it being the last 5m candle before the hourly close. As price broke the high of the previous 30m candle, I secured profits and moved stops to BE, price then ran for 30 pips before I closed the remainder of my positions.
Long
by mcrhf_fx
GBPJPY | MY PERSPECTIVE FOR THE WEEKOver 120pips fetched in my last publication (see link below for reference purposes) as another trading opportunity arises. The British Pound surrendered much of its Thursday gain on Friday to close the week below 141.000. despite this retraction, the possibility of a rally is still paramount as I have found two windows on the chart for buying opportunity. Tendency: Uptrend ( Bullish ) Structure: Trendline | Support & Resistance | Channel Observation: i. Price action has been contained between upward sloping parallel lines characterized by Higher highs and higher lows to make my Bullish bias emphatic. ii. Major Support @ 139.300 - a structure which has been a strong hold for Bullish tendencies since 2016 could open us to a Buy opportunity if price breaks down 140.000level. Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:4 Potential Duration: 3 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPJPY | MY PERSPECTIVE FOR THE WEEKWith over 500pips in our direction since my last publication on this pair (see link below for reference purposes); the GBP/JPY pair broke out of my Key level @ 139.500 on Thursday only for price to Breakdown this level to make an intraday dip to the 139.35 region on Friday which also coincides with Breakdown of trendline insinuating a temporary Downtrend in the following week(s) for me. Tendency: Temporary Downtrend ( Bearish ) Structure: Trendline | Support & Resistance Observation: i. The line drawn under pivot lows emphasizes the prevailing direction of price. ii. Breakdown of 139.500 level after Selling pressure gained momentum in the last day of the week to close under. iii. A retest/rejection of my Key level in the coming week might be a signal to look for in the coming week. Trading plan: SELLconfirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:4 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPJPY POTENTIAL SHORT TRADE SETUPHi Traders, - In the GBPJPY 2H chart above, price is trading within an ascending wedge pattern. - Price made a multi-touch on the upper trendline which is suggesting deceleration of buyers. - I will be watching out for the breakout of the green levels on the chart which will also lead to the break of the ascending trend lines for short entries. - Price has the potential to move lower towards the major ascending trendline on the chart. I'll be watching how this plays out in the days ahead. Kindly support this analysis with your likes and comments. Thanks for reading! Veejahbee.
Short
by Veejahbee
1
GBPJPY Last Moves for Breakout As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend... Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it break the resistance then you're happy to take it as a buy for long term. Becareful at this point as it can fall once more as well & then it'll breakout... Everyone want to know what GOLD is doing? I HOPE THIS ANALYSIS GIVES YOU A BETTER IDEA. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
GBPJPY signal (SHORT)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and put 1 more sell limit order on ~137.25 targets: 132.1 - 131.3 - 130.3 after first target reached move ur stop to breakeven stop: above 138.2 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Short
by trytofeelpositive
3