GBPJPY - ENTERED Intra Day ShortAnalysis still the same as earlier but TEFA got validated by breaking the 50 EMA with a shift candle.
Trade immediately went into profit, no drawdown :)
SL 25 pips
TP 35 pips
Gbpjpytrade
GBPJPY Low risk buy tradeGBPJPY rallied very sharply past few days back, breaking out the short term downtrend line, price action is so far retesting this trend line, with signs of compression, momentum is supporting the view as well so I am dipping my toe into the water to see if it works for me. Watch this market carefully.
Trade Safe!
GBPJPYEXPECTING GBPJPY TO MOVE TO THE DOWNSIDE . IT BOUNCED YESTERDAY OF THE 50 PERCENT FIB LEVEL EXPECTING IT TO FAL FOR A TOUCH OF THAT FALLING WEDGE
GBPJPY time to add into short positionsWe shorted GBPJPY earlier last week and i am looking to add into shorts, since market tried to reach highs but couldn't sustain and broke down, in my opinion GBPJPY still got more potential to downside move towards lows around 143.28. If you have your trading strategy look for short plays.
Trade Safe my friends!
LONG GBPJPY ON 4 HOUR TIME FRAMEMy buy order has been activated. I will be taking profit at the 50% fib level.
GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c.
The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c.
if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.
GBPJPY shortWe notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
GBPJPY short speculationGBPJPY is in a bearish trend according to our indicator.
Selling either at CMP or after a minor pullback.
GBPJPY Buy Buy TradeGBPJPY Buy Buy Trade: A Buy Trade Is Looking More & More Attractive With This Pair As I See A Trend Reversal With This Pair. A Perfect SL Is Around 148.8 Level (Lets get them pips)
GBPJPY testing major resistance, potential drop!GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to major support at 147.50 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (89,5,3) is also seeing major resistance below 96% where a corresponding reaction could occur. We’re also seeing bearish divergence vs price signalling that a strong reversal could be approaching.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
GBP/JPY - 400 Pips Short OpportunityGBP/JPY does not seem to have the force to go up higher. It can potentially break it's current support and head further down. Sell the breakout!
GBPJPY DivergenceGBPJPY has been in an up trend channel for a while and all the while the indicators have not confirmed the move. As you will notice the MACD and the RSI have been making lower highs while the price action has been rising. This is the definition of divergence or non-confirmation which suggests that the rally will soon come to an end. A lot of times knowing when the actual high is upon us is the hard part thus making it difficult to execute a trade with confidence. That is where the rising channel comes into play. Price has made its way to the upper part of the rising channel and is finding resistance which if these levels hold will provide a ceiling from which price can move lower. At this point the risk to reward appears to be favorable for a short trade given the price action that we saw on friday. So long as price can stay below the recent high then I will be targeting the lower trend line.
GBPJPY Head and Shoulders and Bullish CypherGBPJPY Head and Shoulders and Bullish Cypher
H4 Chart:
Bullish Cypher Completed at 147.990.
150.008 is the Fibonacci Retracement 23.6%
H1 Chart:
Head and Shoulders pattern will be completed at 150.100
Both charts point out 150.100.
Breakout and close above 150.100 will take the price 151.300 and 152.200. Extented target is 153.200
GBPJPY LONGAGAIN !! WE HAVE COME TO A NEW TRADE. I SEE A LONG SETUP FOR THIS TRADE. AFTER HITTING THE FIB 78.6 LEVEL THIS TRADE WILL FALL LIKE A NIAGARA FALL ! LETS TAKE THIS TAKE
GBP/JPY SHORT based on a descending channelIt looks like it might be time for GBP/JPY to come down a bit again. There is an extremely well-respected descending channel and potential flag on the 4 hour chart.
TELL ME IN THE COMMENTS SECTION WHAT YOU GUYS THINK ABOUT GBP/JPY CURRENTLY!
PLEASE NOTE: I am starting a compound challenge where I will attempt to turn $20 into $10,000 by doubling my account (while risking 50%) for 9 straight trades. This is why my take profit is set where it is. In reality I would be looking to TP at the bottom of the channel but if price rejects at the previous low it would create a triple bottom and would likely break the channel on the next move upwards. Only time will tell.
PLEASE ALSO NOTE: I don't use stop losses unless I am locking in some profit. Therefore what I will be looking for is a 4 hour candle close above the current descending channel to signal a break and an exit for me.
G/J At A Critical Point There is a 1-hour descending channel currently which makes it appear to be a good short opportunity at the moment. However I will wait for it to break the current uptrend on the 5 min. chart before I enter a short.
The higher time frame charts are indicating a possible long entry as well so if the channel is broken it could be a very good opportunity to go long on G/J now.
Wait for confirmation to trade.
For best case scenario:
1. Wait for a trend break either way
2. Wait for a kiss of the previous trendline and/or a close below the low of the breakout after a pullback.
GBP/JPY - 300 Pips + Short OpportunityGBP/JPY does not seem to have the ability to push higher up and it's very possible that it may continue it's bearish trend further low as soon as the current support breaks.
As always, invest after your own analysis and money manage properly!
Let me know what you think/your opinion in the comments.
Happy trading!
GBPJPY VIEW We have two view on gbpjpy
First Gbpjpy make head and shoulder pattern , if hold right shoulder then sell from below and tp is 148
2nd view is if break right shoulder and upper trendline ,
then this pair going long first tp is 152.70 and tp 2 153.50 and tp 3 is 155
Good luck and trade with care
Asad ullah
Potential Head & Shoulders on GBP/JPYIf this pattern completes, the daily zone (green area) where the breakout occurred recently will finally be re-tested. Look for a candle to close below the pink zone on the 1H chart or the blue zone on the 4H chart in order to short the pair down to this area. The rule of thumb for trading a H&S pattern is the distance - in pips of course :) - between the head and the neckline is how far down you will set your take profit.
What is your analysis of GBP/JPY currently?
GBPJPY two short ideasHarmonic Pattern Formed. Will wait for pullback to finish before shorting. Best case would be near the main trendline.
