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Gj

GBPJPY for a lower low 🦐After our previous idea, GJ broke and reached the lower support with some movement to the upside. The market is now trading above a support and according to Plancton's strategy if the market will satisfy the condition we can set a nice short order for a lower low. Being the last trading day of the week it might be risky to open positions. ----- 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.
by InkyGrip
GBPJPY Potential Forecast | 28th November 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts that could potentially play out during NY session. Trade Idea 1) Price have cleared the supply zone and pushed lower 2) Structure has been broken and a lower low and high has been formed 3) Price inefficiency can be seen and expecting price to retrace and clear the H4 high marked by the zone 4) Anticipating price inefficiency to be cleared To look out for: - Price is currently respecting the area of demand zone and this could prevent price from heading lower if it continues to respect the zone. All in all, I believe that price can potentially head lower as mentioned in my GBPJPY set up that I talked about on the 27/11/22. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
3
GBPJPY Potential Forecast | 27th November 2022Hi everyone, today I will be talking about a possible GBPJPY short trade using Smart Money Concepts for the next week. Trade Idea 1) Price has been bullish on the lower timeframe 2) Price is nearing the daily swing high at 169.08 3) It could potentially head up to test the daily swing high and we can find potential short positions off the supply zone above 4) Furthermore, sell-side liquidity has been building at the bottom marked by the liquidity hot-spots To look out for: - Price could potentially tap into the area of imbalance below before headed back up, there could be potential long opportunities there as well. All in all, I believe that price can potentially retest the daily swing high above and will be eyeing short confirmations there. Trade safe guys! Regards, Chern Yu
Short
by Jon_Jones_Junior
14
GJ Drops After PullbackAs you see in the 4H time frame, price failed to make a higher high and created a bearish reversal double top pattern and was pushed sharply to the downside. Currently, price is facing bearish pressure but has approached to the yellow support level at 166.300 and got rejected from it. We might see a pullback around the red resistance zone and if there was any downside push at that area, we can expect a continuation on drop on GJ to the green level at 165.300 On the other hand, price might not have any pullback and breaks the yellow support to the downside and drop straight towards the target. What is your view about GJ? Feel free to share your ideas in the comments.
Short
by Mahtab_Tradia
2
GJPart 3 Textbook sell pattern, straight forward and easy to spot. The build up of price and the steepness of the gradient, further shows us that the "Mighty will always stumble" 🤣🤣🤣not the best analogy but it's the way it makes sense in my head. I'm still gonna WATCH & WAIT, Due to it being year end a lot will happen and affect the whole years trading. How it effects me, is that I try keep busy with other things and this leads to very poor trading decisions as I will only be aiming to close on profit but overly exposed. So this more than ever is time to start the review of the year and just how important it is to stick to my rules.
by Mhangwane1