GBP / JPY 156.490 -0.31% SHORT IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE POUND / YEN
* The pair saw a beautiful uptrend which respected structure which is now seeing some signs of weakness at the roof of this structure.
- Short term the pair looking for a momentum shift with the bears possibly signaling a strong bearish momentum on the 4h chart this stands from a reversal pattern that will emerge or a breakout of the trend line and retest of this structure we are currently trading in, a break & retest triggers.
- Looking for short entries on GJ this week should all the rules of the formation be met.
SCALING LOWER TO SEE SOME ENTRY OPPORTUNITIES HERE'S WHAT WE HAVE.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Gj
GJ Long Term TradeGJ Is moving towards to its Supply Area, This week we can either see a reverse from its supply area or its makes a new High this week !
Structure is completely Bullish right now, So we can take a Sell from its Supply Area.
SL is 66 pips so manage your RR according to your Account Balance.
Good Luck for the week !
GJ potential strength incomingYen index is approaching monthly support
this could give us a double bottom
last visited this structure point in Jan 2018
if price holds and moves (JPY index) bullish we can look for xxxjpy sells
if price breaks through i'd expect unmitigated monthly demand to be yen's next downward target however this would take a very long time to fill the imbalance
Me personally am seeing this scenario as bullish on the index therefore bearish on GJ
GJ is approaching a strong resistance
previously rejected 3 times proving to be a strong level at 158.000
i anticipate a slight pull back to 156.500 - 156.800 level before possible push up to 158.00 where i would look for bearish PA (possible sell off)
GBPJPY is in a lasting uptrend and overboughtGBPJPY is in a lasting uptrend and overbought
We expect a correction, RSI is above 70 at 4h time frame.
GBPJPY look for a rejection for a supply zone to short with a bearish divergence
GBPJPY is finishing is bullish correction for a next Bearish movement continuation.
Our Preference: shorts
Targets 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.
GBPJPY Downtrend H4I noticed something during the Valentines day at 14 Feb. Price already show Double Top Pattern & Engulf Sell .
So I sell at 157.25 and add a layer entry sell at 156.95 . TP 1 at 155.40, TP 2 at 153.55.
Follow the trend, I sell at 155.00 and reentry at 155.00 after the corrections. TP 1 at 153.40,TP 2 at 151.50.
Now i entry Sell at 152.900 . TP 1 at 151.500 , TP 2 at 150.500.
I also try to Swing sell position at Monthly Timeframe, I will share it later after this idea published.
Have a great day!
GBPJPY look for a rejection for a supply zone to shortGBPJPY look for a rejection for a supply zone to short
GBPJPY Bearish movement continuation.
Our Preference: shorts
Targets 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.
gbpJpy buy ideaA good way to deal with part of this psychological obstacle is to grade your setups. Please take a look at each of them and assign them a letter grade according to how good or how bad they are. At least this way, you’ll know how prepared or unprepared for a trade you were. It will also help to accept that even an A+ rated setup is no guarantee for success.
GJ outlookHad a break of trendline showing possible momentum shift.
Bearish impulsive PA breaking 155.200 and retesting this level before impulsively pushing down breaking 152.800
Price broke through 152.800
Looking for a pullback to 152.800 and for price to continue bearish or we could possibly break through 151.200 and then look for a retest of that level before pushing towards potential target of 149.000 - 149.500 area
Stochastic oversold
RSI showing wide bullish divergence
GJ - GBPJPY After rejection of previous support (153.5) GJ has created a higher low and is now on the verge of making a higher high.
next obvious resistance is at previous highs (155.2 roughly)
once this resistance is broken, we can expect price to continue its way back up to 157.00 area
let's ride these 200 pips moves all the way!!
my entry: 154.00
sl 153.5
tp1: 155.4
tp2: 156
tp3: 156.7, if GJ continue to buy...
tp4: 157.25
GBPJPY after dropping back down to support we can see GJ is holding strong above its previous low
i am looking to go long on GJ as long as it holds above 155.40
buy GBPJPY
en1: 155.45
en2: 155.60
sl: 155.00
tp1: 156.00
tp2: 156.7
tp3: 157.00
tp4: 157.25, if GJ continues to buy...move stoploss into profit and hold until 157.80
GBPJPY 15/02 POSSIBLE SHORTS TO COMEGBPJPY Techical Anaylsis.
Possible sells to come Will wait for sessions to open with volumes possibly the asian or London.
Currently there is a no trading zone as we are ranging.
waiting for confirmation either a break of formation or a retracement and candles pullback with bull power.
Alerts have been made also waiting for asian session and CPI news tommorow morning which is expected high impact news.
Always use a risk calculator and have a stop loss.
Please like and feel free to comment your opinion as you wish!
RISK DISCLAIMER:
Trading Forex,CFDs, Crypto, Futures and Stocks involves a risk of loss.
GBPJPY SHORTSFrom the Daily all the way to the 15 Minute timeframe GBPJPY is bearish. at this point trend is our friend, we are currently trading under my 8 EMA which also is a confluence to my analysis. previous lower high was just broken with the precious one hour candle that just opened which could be a possibility we see GJ continue down to the 155.200 level .
* simply just my idea *