Strong opportunity on GBPJPY FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591
Gbpjpysignal
GBP JPY BEARS TAKING CRONTOL!!!GBP JPY, I simple trade. I want to put a clean and simple chart , so I decided to just show the directions! However, If you would like to know and learn how we analyse this pair, Please drop up a comment!
At the exact moment this pair looks that will reverse back to 143.604 and then the sellers together will take the price of the pair to South !
However, a clean break of 142.139 will give us indications that we will go directly to the target!
Personally, I want to see the pair re-touch 143.604 for a better entry and of course more Points ahhaha.
All the best!
Trading Protection
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:
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HELPFUL VIDEO TO TEACH YOU HOW TO TRADE:
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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 - 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!