Gbpjpysignal
TAKE PROFIT LEVELS ACHIEVED & WE LOOK TO GO LONG AGAIN - GBPJPY Hi all,
I have attached our previous analysis below where by price achieved our take profit levels. GBPJPY overall is still looking bullish so we may have another opportunity to enter long again. i will be looking for price to move bearish first to our marked entry before we see a potential bullish impulse move.
Entry, stop loss and take profit levels have been marked,
DO NOT risk more than 2% on this trade.
GBPJPY AnalysisAt the moment GBPJPY is strongly bullish on 4-hour chart. We will expect some bears during the week!
GBPJPY BEARISH 7-9th June (big picture)GBPJPY BEARISH 7-9th June (big picture) Please leave a follow and like if you find it useful and I will keep posting for you guys!
this week will be small/big fall but we'll have other bearish on June:)
FURTHER SELLING POTENTIAL ON GBPJPY Price is currently at a point of support where we may see it retrace to our marked entry point before advancing lower. Entry, stop loss and take profit level has been marked.
Do not risk more than 2% on this trade.
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.
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.
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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
