Get started

Gbpjpytrade

GBPJPY Short (Sell) Trade Daily SetupSimilar to GBPUSD, this pair is making it's way closer to a strong sell zone. In fact, there are two sell zones in close proximity. On lower time frames (2H + 4H) we can see price has been slowing down, accumulating buy orders and pushing up towards these key levels. From the two supply zones, the lower one is weaker and both are untested. Keep an eye on price action on lower time frames for any indications of a potential change in trend. We may not drop, we could fall into a range first, in which case, I will update with further charts.
Short
by AEFX786
1
GBPJPY 800 Pips/8% Account growth expected will it reach 145.00?GBJPY ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Price above Point of control-Volume profile 2️⃣ Bounce from lower trendline 3️⃣ Broad weakness of USD, Positive brexit talks 4️⃣ 138.00 Dynamic support and resistance 5️⃣Bounce from 134.00 Key psychological level 6️⃣ 135.00 will Acted as strong support 7️⃣ Technical support - Bull 8️⃣141.500 will acted as key reversal-bearish 9️⃣ July high-Immediate resistance-Alternative bearish entry 🔟 Possible swing target-145.00 psychological level #️⃣ Overall bullish trend-Within converging triangle pattern —————-❇️——————- 📉 Technical bias-H4-Bullish Price is around 50,100,200 Exponential moving average 100,200 Exponential moving average will act as support-Bull Relative strength index - Reached 60- Still it has some room for the bull MACD -Turned green and well above signal line, oscillators pointing upward Stochastic - Reached 75- overbought condition short term fall back expected Ichimoku cloud -cloud is still green-Price is above the cloud-Middle line support Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 136.000 psychological level 142.600 August month high 139.730 July month high 136.050 50% Fibonacci retracement level 140.00 Major psychological level 136.400 Possible entry- Bull 141.500 Trendline resistance/Alternative bearish entry —————-✳️——————- Bullish entry #poundr #gbpjpy Entry price - 136.400 Take profit 01 - 138.400 (180 PIPS) Take profit 02 - 141.500 (475 PIPS) Take profit 03 - 145.000 (800 PIPS) 🚫 Stop lose 135.400 ⬆️ 6.3% Growth expected ⤴️ Account growth .73: 6.3 ✅ Risk reward ratio 1 : 8.5 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
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 rhf_fx
GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by rhf_fx
2
GJ Analysis 30/09/2020Today is the first Asian session of the new month. We have some decent options for GJ tonight. 1) If the current level is held we should see GJ move up to resistance at 136.450 2) If we see a break of 136.450, wait for support to form on lower timeframes to validate buys to fill a 35-40 pip range 3) If we do not hold the current level or we break it later tonight, we can look for sells under the support at 136 looking to tap into the levels around 135.750 where we formed support in NY.
by rhf_fx
GBPJPY Long Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, Buys will have high validity once markets cross over EMA and we have it acting as Dynamic Support. 3. Markets have Bounce off our Golden Fib Zone an Psychological level @ 133.000 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of rejection to place Buy order 5. I will be buying at current Price Level @134.500 Safe SL @ 133.000 80% Partial TP @ 137.00 10% Partial TP @ 138.000 Remaining Trade TP @ 140.000 Only 5% risk will be taken for this trade
Long
by Mafora