Gj
GBP/JPY testing second trendline. potenital short.Hello traders how are you all ? Hope you guys are doing well.
So here is my simple GJ 4H time analysis. We have basically two trendline one is lower which is major D1 trendline and second is a 4H and 1H trendline. Price is just testing the 2nd trendline which is obviously showing a good selling opportunity and i had also excuted a sell trade from the same level. If the price breaks the trendline then that will be the differnt scenario.
Have a good day all.
Peace out.
GBPJPY IS BULLISH (long term)FOREXCOM:GBPJPY
Price has continued to bounce but not break through monthly major support zone area (shown above) during the previous weeks and month. We can now expect price to continue in the right direction as we have a reversal of trend occurring. Do your due diligence, NOT FINANCIAL ADVICE & always remember risk management is key.
Stay bless yall and remain disciplined!!
<3
gbpjpy long ideaprice have reached the technical up trend and a strong support zone , while candles are showing signs of retracement and just before we got positive data on gbp currency , all this together makes us believe that gj will start pumping up to farther targets such as 150.05 / 150.88 / 151.93 like shown in chart
GBPJPY ANALYSIS (27-09-21)A bearish institutional trend coupled with a retracement into a bearish order block filling up the liquidity void created, I expect price to take sell side liquidity, continuing it's previous move.
If price breaks the first point of interest, I'll be looking to short at the second POI..
If price remains bullish above both POIs then setup is invalid, I'll be looking to reanalyze the pair.
GBP / JPY Today 10pips trade! **Educational purpose only**
Wait till break this WHITE Lines, After break AND end candle out side of this zones,
Take Buy on new candle. (Buy is high of Zone break candle)
Take Sell on new candle. (Sell is Low of Zone break candle)
IF Market doesn't drive to these zones, Please abandon it after NY session.
I appreciate to see your feedbacks! Thank you.
Technical approach for 3rd week of September 2021 (13-17) **EDUCATION PURPOSE ONLY**
Strategy- (Naked chart)
Per Support or Resistance after break, It can be strong opposite zone for re-test.
Range break.
Head & Shoulders pattern you can see very easily. :) (But we don't consider that, However its good sign for trade confirmation)
Sell stop at : 151.752
Stop loss : 152.363
Take profit : 151.583
Its wide SL and Small TP trade and we can place this for 1% for STOP LOSS (Position size)
GBP /JPY 4H Predicaton!*EDUCATION PURPOSE ONLY*
After 2nd of September 2021, Today GJ price come back to 151.600, Now Buyers and Sellers need recover their losses and I think it will be small consolidation (Not for long time) between 151.350 - 151.780.
If market continue down, Require BREAK AND RE-TEST ON around 151.350 and go DOWN,
If market continue Up , Require BREAK AND RE-TEST ON around 151.780 and go UP!