Gbpjpysignal
GBPJPY Trade OpportunityWe broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.
GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top.
Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week.
Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout.
This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions.
SPOTTING PATTERNS IN MARKET:
cdn-images-1.medium.com
pbs.twimg.com
HELPFUL VIDEO TO TEACH YOU HOW TO TRADE:
www.youtube.com
www.youtube.com
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
GBPJPY Long swingBearish trendline has been broken and retested creating a possible head and shoulder formation.
set up:
- entry level 0.618 fib 144.044
- S L below QP 142.5
- T K 1.618 fib 152.317
Feel free to comment or add your views.
If you agree to the idea give me a thumb up.
GBPJPY - SHORT OPPORTUNITYPrice reached a strong resistance area and gave us some strong bearish candles. Then it broke the uptrend line and came back up as a correction, giving us now another strong bearish candle. Im going short.
GBPJPY - POSSIBLE H1 50 BOUNCE IN 10 MINUTES!Hey folks,
Quick analysis on GBPJPY as price action is just being so beautiful!
We're looking for an H1 50 Bounce, which is the first pullback to the 50 EMA after 13 EMA crossed the 50.
We're going to enter once price closes BELOW 13 EMA.
Target will be @147.250
Let's see what the next 10 minutes bring us!
Possible Price buying for GJLong Time i've not Updating Anything .
Correct me if i'm Wrong ,
I'm just Sharing :)
GBPJPY shortWe notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
GBP JPY Trend Changed?GBP JPY Has Broken the uptrend Channel from March 2018. An strong bearish trend in Daily Chart as well. i will Short only after the pullback at 151.300 For TGT of 149.400 with the STOPLOSS of 152.213 which gives us Risk to Reward Ratio of 1:2.
GBPJPY Buy and sell IdeasA break above 151.23 invalidation level for my analysis would mean more upside, this could be a nice short opportunity coming if it stays below.
GBPJPY: Descending Symmetrical Triangle & Fall From Major ResistGBPJPY 4H:
GBPJPY formed a symmetrical triangle when the uptrend had been reversed on March 13th.
With price bouncing in between the overall uptrend and opposite downtrend, we can see a breakout in reach within the next short amount of time.
Due to the downtrend passing the 61.80% line of the large move down previously, and then retesting below it, pattern should continue to go down. Symmetrical Triangles typically form right after a change in trends, which has happened recently. Looking to see price fall down to the 38.20% retrace at minimum within the next week.
Entry Point: 147.87
S/L: 148.864
T/P: 146.829
Stop Loss is a high, but once the pattern gives me more confirmation I'll be adjusting that stop loss to about 40 pips above entry. (In case pattern breaks triangle clearly above to pullback before the drop)
Caught It!Who else caught the swing of GBPJPY earlier in the week? Nice little setup down to the 147 level
