WHERE PRICE GOES...WE FOLLOW GBPJPY LONG FORECAST Q2 W21 Y25WHERE PRICE GOES...WE FOLLOW
GBPJPY LONG FORECAST Q2 W21 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Gj
GBPJPY Buy Long , M 15 UnMitigated Demand with Liquidity# GBPJPY Market is verry bullesh In M15 structure is bullesh first *BOS* then *BOS* first BOS is un mitigated with proper Trendline Liquidity so we can BUY LONG with just few pips SL with Best pips of Profit
# GBPJPY : FXCM - M 15 UnMitigated Demand with Liquidity
GBPJPY 1st week of Feb expectation
I am expecting price to retrace lower to the demand zone market out and to take IRL from the lows just above. price is in discount zone so i think it is highly probable that price should react bullish off of that demand zone and we should be going up for the rest of the week.
GBPJPY LONGHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
GBPJPY Longs (Swing Trade)On the 1H timeframe price broke the previous structural high and ranged before trending down. Currently I'm looking for price to react off of the area marked (Green) to look for entries since this is a swing trade. I'd like to see a clear trend shift on the lower time frames before entering to maximize RR and to reduce the chance of getting caught in the noise or wicked out because stops weren't set accordingly.
GBPJPY, possible outcomes?A quick outlook on GBPJPY . Potential opportunities.
GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair.
Scenario 1: SELLS at the break of 190.400 .
We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat.
Scenario 2: BUYS at the break of 191.500 .
We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair.
KEY NOTES
- GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse.
- Breaks above 191.500 would confirm buys.
- Breaks below 190.400 would confirm the trend continuation and further sells.
Happy trading!
FxPocket
GBPJPY SELL IDEAThis is just my idea, if you're just starting out its important for you to stick with your own analyst. I don't care if your setup is dead wrong... Learn from it, adjust and try again.
I'm waiting for a breakout to the downside to enter again.
I have 2 targets inmind:
195.886 and 197.000
Once they get reach, I'll look for breakouts to the downside.
I'm looking at 189.858 for my TP .
Previous entry: 199.500 to 195.886.
GJ buy position on 4h tf;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GJ buy setup;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.