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GBPJPY 191.974 -0.61% INTRADAY - SWING IDEA LONGHELLO TRADERS Hope everyone is doing great 📌 A look at STERLING from intra-day to possible SWING 4H GBPJPY * STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range. * The bearish OB has been violated as we traded above it, possibly signalling some bullish moves. * should we reject the range looking to hold GJ swing to the upside. 1H GBPJPY * Not much is different from the hourly but we see that we are not beaking that intermitted low. * significant bullish momentum outside the range will be a signal for me. on the 15M ASIA trended nicely to the down side beautiful price action, probably signaling bad NY AM session but most like bullish signals. * a sweep of the low would have been great but we will see how price moves. * The weekly & daily TF show we are still showing signs of a Bullish move. * GJ took internal range LQ, looking for that external range LQ to be taken. * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
10
GBP/JPY Trade Setup: Short Position on Rising WedgeI've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries: First Entry: At the top of the rising wedge, with an entry at 189.520. Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the pattern. The rising wedge is often a precursor to a bearish reversal, and I'm positioning for a downside move. This two-pronged entry strategy allows me to capitalize on both the potential resistance at the top and the momentum if the wedge breaks to the downside. I'll continue to monitor the trade and update as it progresses.
Short
by CryptoHydro
GBPJPY 187.954 +0.47 % SHORT INTRADAY MULTI TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at STERLING from MULTI TIME-FRAME ANALYSIS GBPJPY 4H TF * Opening bullish on GU good for possible reversal with PO3 rules. * The weekly & daily TF show we are still showing signs of a BEARISH move still. * But seems we may see a push up before continuation with the bears with resting LQ above. * GJ took External range LQ, looking for that internal range LQ to be taken. * We are trading in premium of the move,This is where I would be looking for short entries. GBPJPY 1H TF * As we open Bullish into the 4h FVG because our HTF BIAS (PO3) Is bearish. * looking for confirmations to short before we push up in continuation. * We will see what does the market dish. * GJ not giving clear plan with regards to pd arrays but looking to see UP move to go LOW. GBPJPY 1H TF * We saw a rally with the bulls, strong momentum to the upside. * Looking at the 1H FVG, this is where i would look for SHORT entries this week. * Should this PD ARRAY hold will be SHORT for the GJ intraday. * BASED on the price action served this week doesnt look good this far but we will see. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
5
GBPJPY ANALYSIS [W/B 10/06/24]GJ has been interesting to me the last few weeks. It has a dilemma that it is going through. As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards. I agree that if the upper zone of this POI is broken - we could well see a very lengthy and strong bullish run - especially as on the weekly chart there was a lot of imbalance left over. If we see structural breakdown to the downside I am expecting any of the drawn out TP's to be taken.
Short
by saintprincevvs
1
GBPJPY Analysis (22nd May 2024) Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level. 2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
by CallistoFX
GBPJPY Analysis (22nd May 2024) Market Analysis PT2/2 (22nd May 2024) GBPJPY Analysis On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it. There are 2 scenarios i am looking for. 1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level. 2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
by CallistoFX
GBPJPY Analysis (3rd May 2024) GBPJPY Analysis Currently on the 15 minute timeframe, price is still respecting the 15 minute bullish OB. If price decides to go bullish and break 192.555 with a body candle close, Longs are more likely to play out. I would like to see retest of that level before continuing to look for buys. On the flipside, if price breaks the 15 minute OB with a body candle close, i will be waiting for a retest to continue lower. Confirmations of 5 minute FVG and OB will be needed in order for me to take sells.
by CallistoFX
GJI am staying out of it. It is confusing and that's when it's best to stay away and out of the market. DAILY We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation). 4H Ascending Channel within an ascending channel is what we look for when trying to get sells. Which will give us added information for our case of evidence. With where price is (mid=range) it is better to stay out and stay away. 1H Same as the 4H. Just stay away and stay watching.
by Mhangwane1
GBPJPY - Long Trade IdeaI like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE. The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair model (out of view), which basically also has some EQHs as well. A runner could be left for even higher prices should both targets be hit. The stoploss is discretionary for a better RR as this is the Daily timeframe. The safest option would be the protected low annotated on the chart. - R2F
Long
by Road_2_Funded