GJClosed very early so my profit was made early but left the analysis just to watch and clearly we were right. We stay working and looking for new strategies.
THIS STRATEGY IS NOT FOR THE FAINT HEARTED.
😎😎😎😎😎😎😎
Gj
GBPJPY 19/10/2022Price has a recent support at 168.015 & resistance at 168.717. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next Support zone at 167.047.
GJTriggered and still running in profits, I had to quickly freshen up so I couldn't close where I wanted but we still in profit. I'm having to wait for the required target before closing if not It'll close (SL HAS BEEN MOVE TO BE). I'm not a donation company so I do not donate to the market and neither should you.
GJThis week I'm trying a new strategy. It includes RISKING HIGH, LOW RR, 15 MIN SCALP and NO SL.
SO STAY AWAY FROM MY ANALYSIS AND FORECAST THIS WEEK UNLESS YOU CAN AFFORD TO.
Be careful this week, there are quite a few fundamental news which will impact markets.
GBPJPY 19/10/2022Price has a recent support zone at 168.400 & resistance zone at 169.337. And also price made a breakout of the HTF uptrendline as well signaling a possible retracement move in a newly formed downtrendline. Now if price closes below the support, then we can expect price to continue pushing down to the next key level at 167.810 or all the way to 167.047.
However if price respects the support & breaks out of the resistance, then it might continue pushing up to retest the HTF resistance level at 170.119.
4hr analysisLast week, I showed the possible double bottom that former on the 4hour chart, market typically moves in 3levels, on the 28th September, we had the second leg of the double bottom, price pushed up since then.
Sometimes after a 3 level push, interday trading, we either have a reversal, or a continuation. On the smaller time frames, we have gone up 3 levels from September 28, price then came back down for a retest on the 4hr chart, which was a fake reversal on the smaller time frames, if you see last week, I mentioned a possible double top for a reversal, this drop lasted 1 session, and continued up on the 12 October. This began a new 3 level phase on the smaller time frames.
But when we look at the 4hr chart, the bigger picture is showing that we are only at the end of the second leg of the swing/long term trade.
So with this being said, I am still expecting buys, and have jumped into another buy from 168.260 after I had a retest on my support on the 1hr time frame. So for now I will swing this buy until tomorrow or whenever price give a reversal pattern on the higher time frame
Could we be going to test a high structure from 2016???We have not been to this zone since August 2016, and right now there are no structures to the left to stop us from going there. Ifwe get a bigger time frame retest, we could push there before the end of this week. If we get there and break it, we will go up even further. GJ is now pushing up as aggressively as USDJPY is, which is currently breaking record highs.
GBPJPY 17/10/2022Price facing recent support at 167.073 after creating a new high retesting HTF resistance level at 167.846 while also moving in respect to a HTF uptrendline. So if price closes below the support zone, then we can look for trades on the short side expecting price to push down retesting the next support levels at 166.363 or 165.419.
However if continue to respect the support & the uptrendline and makes a breakout of the recent high at 167.846, then we can look for trades on long side expecting price to continue bullish retesting the next resistance on HTF at 168.727.
GJSL was moved into TP earlier so we closed and we are out of the trade. Close your laptop, read a book and enjoy your weekend.
GJSet this Buy Stop Last Night because of the flag I could see. It triggered and because of the slow volatility, I will probably manually close.
GBBJPY at consilidation on supportGJ broke the resistance of 162.545 yesterday, we did get a rest of the zone to become a support, however we are in consolidation for now, though I expect a buy to 164.3385 at least, could go higher, But I mostly trade between zones to be safe. The 4hr stick is far from support EMAs, so it is currently doing a retest also, we will have to see what price does at the support and make a decision thereafter, for now I just observe. Patience will make or break you lol
GJAnalysed this, placed my buy stops and now I will move my SL into profits. I don't run a donation shop so I cannot give back to the market, in that the week close comes near so we might have a lot of volatility coming. FOLLOW YOUR RULES AT ALL TIMES NO MATTER WHAT.
Perfect retest on 15min chart for a buyPerfect retest on 15min chart for a buy, price finally broke above resistance and retested, its about to end as an engulfing going long for a buy signal
GBPJPY sell scalp idealooking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down.
We will see what price does and manage risk based on that.
GBPJPY 12/10/2022We can see price made a breakout of the retracement move's downtrend channel & came down again to grab liquidity on the support zone at 159.619 then started to face bullish momentum signaling a bullish continuation run on HTF.
Now we have a resistance zone at 162.685 which GJ almost retesting, So if gj makes a break & close above the resistance zone on 30 min TF then we can start to look for trades on the long side on shorter tf in hopes of gj coming all the way up to make a retest on the next key zone at 164.405 setting your stop loss below certain structure in 30 min TF.
Market maker went hunting for Sl yesterday, should short todayLooks like the market maker went to hunt for stop losses yesterday. Price formed a wide double top at the level 162.526 on the 1hr chart, As analysed, I still think that price will go down to test the low of last week minimum 156.978 to 155.736 , but we would have to break 159.644 level, retest it and enter after the retest to confirm the move.
GJ😂😂😂😂😂😂😂😂😂😂😂😂😂I laugh because I slept knowing what is a possibility. Due to the lesson we experienced yesterday, we put our SL in profit. So there no loss only gain.
NOW WE WATCH AND WAIT
Levels for trades GJUsing price action and candle formations - you are able to disssect trades in these areas of price.
Possible double top on 200 and 800 ema resistanceWe could see a drop on gj from a strong double-top pattern at the resistance of the 2 strong emas.. If this is a fake move, it will testsupport again and go up, however if price does respect the pattern and resistance, we can go down more even to test the low of last week..We will wait for price to break the neckline of the structure before entries, if not stay out until the picture paints itselfmore clear.
GBPJPY 11/10/2022Price while moving in a beautiful downtrend channel as a retracement move, its currently facing support at 160.465 & resistance at 161.455. if price makes a breakout of the recent low it made on the support then it might continue the retracement move & push down to the next support zone at 159.493.
However if price make a break & close above the resistance, then it might continue to push up to retest the next zone at 162.626.
