GBPJPY Short Trade Ideahere is my analysis on GBPJPY,
entered the sell on the 15M Timeframe, risked 0.5% on this trade personally, but if the momentum continues I will look for scale in opportunities.
my scale in positions will be posted also.
please let me know if you have a different look on this pair, love to collaborate with other individuals / send me a direct message!
Gj
GJ a short term analysis 🦐GJ on the 4h chart after the test of the weekly support one more time moved higher to the dynamic resistance area at the 160.000 zone.
According to Plancton's strategy if the market will satisfy the condition we can set a nice long order for a higher high.
Being the last trading day of the week it might be risky to open positions.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GJLooking at it on 15 min and it looks like a sell will prevail but ZZOOOOMM OOUUTT and you will see that is not the full picture. As part of it, the 1 hour there is an inverse H&S which has started forming. Just waiting for the break of the shoulder line before going forward and taking the trade. Till then stay watching and waiting.
GJ 4hr analysisGJ will keep going up. As you ca, see, price has formed a double bottom on the 4hr chart. Price ranged for a few days, because it was at a resistance. Yesterday we finally broke above that resistance and we are currently testing it as a support. I expect more buys, lets be patient and check the lower time frames for entries
Bearish Bias on GBPJPYThe pair has been ranging in the bearish channel, making series of highs and lows.
Currently the price just made a double / flat top at the upper wall, the reflecting a Higher Low at the stochastic indicator (revealing a price Divergence)
A sell trade can be anticipated for anywhere and target the support wall of the channel.
GJI did find my entry and entered, still running. Moving my SL into profits as it is not my creation but my playground.
We have rules and we stick to rules as hard as possible. No changing or we get hurt and expect more. Harder than ever there might be a pullback so we prepare by not donating back to the market.
🙂🙂🙂🙂
GBPJPY LONG BIAS (SWING IDEA)Hello everyone!
I have updated my GJ chart. I have realised that there was a clear sell missed on the LTF, where the white POI zone is marked.
However, GJ is going to test a crucial Demand zone and i will be looking to Swing trade this once i see LTF confirmations on my chart!
The buy target is very much realistic. As on monthly, GJ hitting 184 is very possible in the next year or two.
Any questions, Ideas, or objections please comment down below or DM me :)
Take care traders!