Gj
GBPJPY SHORTS - 150 PIPS!I'm predicting GBPJPY shorts down to 154.500 this week.
- Price has created a double top on the weekly timeframe, the overall trend is bearish.
- Price has made a massive corrective move to the upside the past two weeks.
- Price will now continue it's bearish trend.
- Price will find support on the daily 50 EMA at 154.500.
GBPJPY almost finishing the second corrective movementAfter a Bearish impulse we have a bullish correction for a continuation of a bearish movement.
Targets on Chart
Be carefull, patient and discipline.
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. Only you can be responsible for your trading.
Good trades to All.
GBPJPY GJ is still consolidating in this perfect weekly zone.
rejecting the price level 153.6, GJ has manage to make it back to the top of this weekly zone.
if price continues to remain bullish watch the price level 157.3
looking to sell back down into the weekly consolidation zone. if price breaks 157.3 I will remain on the sidelines with no entries
GBP / JPY 153.096 -0.61 % LONG 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 has been trading in a ASCENDING channel just tested the base of this structure, awaiting a double bottom/ or any other confirmation as we might enter a strong bullish rally.
- Short term the pair looking for a momentum shift possibly signaling a strong bullish momentum on the 4h chart this.
- Looking for long entries on GJ this week should all the rules of the formation be met.
lets see how it goes
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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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GBPJPY - 2 reverse ideasGBPJPY - 2 reverse ideas
Wait to short near Daily resistance (near 157.20-157.30 zone) , but only if you see rejection there, or wait for the breakout level 154.758 (sell stop pending order on chart)
Targets on Chart
Be carefull, patient and discipline.
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. Only you can be responsible for your trading.
Good trades to All.
GJ Bearish Bias, Daily Rejection, Looking for 153.5 on HTF'sWe have the first london session of the week go bullish
but nd up pulling back hard, back below 155 Psychological level on HTF's
I'm looking bearish, we have bearish market structure on this intraday chart
Anticpating USD strength as well, JPY being a safe haven, I expect them to move in unison
GJ for SellGJ hit resistance line on 4hr chart and at white MA line. This is where big action about to start. Plus, M sign just pre-defined on TDI and Stoch. Bam!
Beware - GJ just bounce on 50% fib retract area on 4hr like previous one so expect some spike up candle before it head down direction.
Trade at your own risk! Get the money and bank it!
GBPJPY 4Hr Analysis, week 4 2022 We may come up to 155 on the Daily
We may Respect 154.500 Since we just closed below that
price point during the Pre-NY 4hr Candle.
I don't like it a whole lot, Staying out for the Time being
I had just taken a 5:1 RR position that got stopped out,
Trading in Line with my bias, Bearish , Due to the Daily/Weekly TF's
I'm still looking for a retest of lows, at 153.8 and 153.5
GBPJPY 4Hr Analysis, week 4 2022Neutral
we have fomc news in4.5 hours which has historially had some affect on this pair
it appears some fomo sellers got caught during
asian session yesertday. I caught buys as the daily candle closed
bullish rejecting our weekly zone.
Probably best to wait until fomc and then possibly trade with your bias
trading news is risky
GBPJPY 4hr Analysis, Week 4 2022Daily Market structure is Bearish
4hr Market structure is Bearish,
Weekly momentum has spilled over from
last week. Fear continues to plague the Stock Indexes
No reason to be a hero and call a bottom in the market
Probably smart to relax and continue trading with the trend
GBPJPY 4Hr Analysis. Week 4 2022 Jan-23Market Structure is Bearish on the Daily TF, just as we started last week as well
This mixed with Yen News from Last Monday Jan -17 , My bias is Bearish on this Pair
Looking for a pullback to 154.700 for continuation sells
I believe there is a very good probability that price will come down 50 Pips
to 153.500 at some point during the week
GJ Shorts GBP/JPY looks like its in for a ride on the trend line break. Followed by this we have retraced 61.8% into 156.700. With this in mind and a combination of market structure forming lower highs and lower lows I do expect multiple rejections on 156.7 forming a lower high bringing in an opportunity for shorts into 154.5. in order for this to be valid, as mentioned we need candles to remain below 156.7 and a strong bearish candlestick closure on the 4HR tf.