Gj
GJ waiting... Whats up guys, waiting for a clean break of 159.925 on the 1H and depending on the size of the break will determine if i enter on the break or wait for the retest!
However if price fakes us out with structure from the LOD i'll look for buys, all broken down in the vid!
Let me know your thoughts!
90 pip GBPJPY LongGood afternoon traders. A look into this morning's trade.
I am back in front of the charts and ready to take on this year. Let's make some cash.
From last week Thursday, the market was in a consolidation. The resistance zone is as marked out on the chart, this morning in the London open, price broke above this zone on the 30min chart, and retested that resistance as a support giving a perfect retest entry. TP was at the 800ema, however, I decided to hold a bit more and jump out at 90pips. Good start to the week.
Be safe, lets kill it
GBPJPY sellThe downtrend is approaching its logical end.
Price has created two-way liquidity.
Previous low I see as liquidity.
On a higher timeframe, it can be seen that the price is likely to reach the bullish 2H order block that is near Fibonacci extension levels (key level).
So I'm selling till that zone.
Good luck.
GBPJPY Trading Plan - 8/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GJ 2 The Moon: Buy Position 🌕 (Update)GBP/JPY At first i took a sell position for the continuation of current bear trend but i noticed that price is forming bullish structure and zoomed out to a higher timeframe to see that price is being respected on a larger scale. So i closed sells at 159 price,163 is now the new target.
GBPJPY Rise After ThrowbackAs you see in the 4H time frame, price has made a strong breakout on the yellow resistance zone and turned it into the support zone.
After a sharp rise, price closed a long candle above the yellow resistance area. Currently, price is throwing back to the yellow broken area which is around 159.00 - 158.500
However, we should wait for the breakout on the last high at 160.00 to get confirmation of an upside move.
If price was pushed to the upside from the yellow zone and broke the red resistance at 160.00 to make a higher high, I expect a continuation on rising to the green level at 161.500
GBPJPY Trading Idea - 3/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.