Gj
SEP FOMC GBPJPY TRADE PLANHello Everyone
This is my GJ Trade plan for this SEP FOMC
1) We can Expect Breakout tonight
FOR BUY
Trade Setup 164 above close
Clean BULLISH BIAS towards
TARGET =165.35
2) FOR SELL
Trade Setup 163 below close
Clean BEARISH BIAS towards
TARGET=162.25
3)Dont stuck your positions in this range
It will be Choppy untill FOMC statements
Wait for clear Breakout!!
GJHonestly confused, especially with the England climate so I've closed all trades and decided to take a backseat.
🔔GJ UPDATE : bearish trend 🔔 Hello traders, I am looking for an opportunity to follow the bearish trend after breaking the demand zone 162.800, the current wave cannot breach the key level of 163.400, and the rejection indicates the end of the correction at the 0.618 Fibonacci level, I think it is an opportunity to sell.
entry 163.30 risk 1/2.8
GJ Buy Setup ✔Hello Traders. This is my setup on GJ for the next week. Everything is shown. What do you think?
Comment below. ✌
GBPJPY 20/09/2022Price currently formed resistance at 164.426 support at 163.907. so if price closes below the support, then price could continue pushing down to the next support at 163.464. However if price respects the support & closes above the resistance, then price might continue pushing up to the next resistance at 164.927 creating new higher high.
GBPJPY Potential Buy OpportunityGBPJPY has a bullish market structure, creating HL and HH.
Retested the 163.000, 50EMA and 61.8 Fib retracement.
All signs indicate a bullish push to the upside from here.
GBPJPY buy ideaanticipating the price herre to move up towards previous resistance,
buys will be taken on close of 30m candle and then managing risk as price continues to move up.
GBPJPY 19/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098 or 164.737.
GJNot a good week, I think this weekend is meant for a regroup and refinement. Need to leave the markets for a bit and reconfigure my thinking.
GBPJPY 16/09/2022Price retesting a key level at 162.687 which is acting as recent support for gj also price has another key level at 163.563 which could act as its resistance since that key level has multiple retests from HTF. Now if price doesn't make a breakout of the resistance & makes a breakout of the recent support then price could come down to the next possible support at 161.901 or all the way to 161.152. However if price respects the support & breaks out of the resistance then it could push up to the next zone at 164.098.
USD/JPY- RISE : long setup today's trade USD/JPY LONG. the pair is still bullish, following the trend from the demand zone143.00.
the US dollar is still strong, especially with waiting for the interest rate hike on September 21.
GBPJPY 16/09/2022As we can see the price just made a breakout of a head & shoulder pattern's neckline & came all the way down to retest the next support zone. now if continues to respect the neckline at 164.707 as its resistance & break & closes below the recent low at 163.922 on 30 mn tf then price might continue to push down to the next support at 163.417.
And if price respects the recent low as its support & makes a breakout of the downtrend its moving in respect to, then it could continue to push up to the neckline at 164.707 or all the way up to 165.928.
GBPJPY 15/09/2022Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement.
However if price respects the recent support & breaks & closes above the resistance then it could continue to push up creating a new uptrend.
GJIt had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house remember that when trading.
GJNot too much to explain but those that see, do. Those that don't I'll come back to explain, kind of caught up with some other things.
GBPJPY 14/09/2022Price retesting a recent support at 164.867 while having a possible resistance at 165.513 moving in respect to a recent downtrendline in 30 min tf. Now if price respects the possible resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615.
However if price breaks out of the possible resistance breaking the downtrend, then it could push all the way to to previous resistance at 165.963.
GBPJPY 13/09/2022Price currently ranging in between a small structure after a breakout of the major resistance at 166.317. now if price makes a breakout of its recent high in that structure then it could continue to push up to the next HTF resistance at 167.928.
And if price makes a breakout of the support in that structure at 166.317 then it can continue to come down as a retracement to retest 165.584.
GJ Double top 4hr, retestGJ has formed a double top in the 4hr time frame at major resistance, price could short to next support, before continuing for the long
GJMarket trend to have a bullish movement. with a proper structure it can reach 167.000 area before it come back to daily resistance level.
GBPJPY 09/09/2022Price made a retest to the support at 164.240 after a breakout of the previous support. now price if continue with furthur bearish move & closes below the support at 164.240 then price could continue pushing down to retest the next support at 163.667.
However if price faces strong support at 164.240 then it could continue pushing all the way up to retest the previous support at 165.127 as its new resistance.
GBPJPY 08/09/2022GJ formed a recent support at 165.129 & while having its next support at 165.129. Also gj facing resistance at the recent high at 166.311. now if price makes a breakout of the recent support then it could go for some more retracement all the way to the next support at 165.129.
However if price respects the recent support and makes a break & closes abpve the high at 165.129 then gj countinue pushing up creating new higher high.
