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Gj

Trusting your Analysis.Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant I missed out on hundreds of pips on such a simple trade. I also re-entered at different prices, this is a lesson learnt as every time in doing so, I am only increasing my potential for risk. Had I kept my sell at 161, my open risk would've been miniscule compared to my sell at 160.500. Listen to your brain, it's okay for a price to jump around, just have patience, before entering the trade you should try anticipate any fluctuations and at what levels, this will help you understand if your position is on track or not. And don't get FOMO, as you are only increasing your potential for a loss. It will be more beneficial for you in the long run. A bad trade is a bad trade.
by HBSPG
GBPJPY shortGBPJPY is overgbought. Our preference: short Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss. Only you can be responsible for your trading. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage. Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
Short
by miketiger
2
GJ LONGbased on my analysis there is a high probability of GJ continuing bullish. my technical confluences; the bigger trend is bullish on the daily. price is making structure and broke the previous support and resistance on the 4h and its trending above both ema's which indicates a strong bullish trend. then I went to the 1h for an entry signal. I got in into this trade as soon as the price broke the zone wth a momentum candle on the 1h ( i trade the breakouts) after the price started ranging due to lack of liquidity. sentimental confluence; 77% of retail traders are short so ain't a no better time than this to go long. my RM: RISK;1% RRR; 3.1 SL: bellow previous LH TP; previous swing PS; I have an 80% probability of this trade turning into a winner, always think of probabilities. no trailing stops I am letting the trade play I managed my risk and that is what matters. protect ur capital then make money.
Long
by Ily14
2
GBPJPY H4 ANALYSISPrice is still bullish and rallied today 100+ pips. Support was found at 160.50 level. Possible rejection around 162.50 if price wants to push higher towards the previous supply zone. I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma. There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower. This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol Trying to focus and cancel out noise/distraction. I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
by MrVizions_421
GBPJPY with divergencesGBPJPY have some with divergences. Now still bullish, but if Divergences will be activated we will broke 160.75 turnpoint, and GJ will become Bearish. Wait for confirmation Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ DISCLAIMER ❗ This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss. Only you can be responsible for your trading. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage. Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
Short
by miketiger
GJ break down analysis I'm currently looking for a buy opportunity in this pair, ultimately because of change of volume and trend towards the upside, now with that being said, you will see here I have two trend lines on the bottom and top showing on the 1hr TF but its set on the 10 min TF right over a current imbalance that's going on. So, I'll wait let market tell me what it wants to show me after a break happen on either trend line and ill follow up with updates or even a trade idea hopefully and we get this show on the road. Stay tuned...
by JoeIdeas