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.
Gj
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!
GJ Bearish ForcastI can see GJ heading lower over the longer TF. We see it had a strong rejection over the strong confluence area.
What im looking for in the comming week/weeks
Breakout of the bearish channel tells me the fractial is complete and we will now start a bearish drop.
My idea will be invalidated when price breaks above the weekly TL and stays above
COOL BUYGJ is currently in a H4 falling channel. The most recent rejection of support and a bullish impulse was followed by some consolidation below a well-respected zone. I expect price to continue to push toward resistance after this zone is broken. Indications of continuous bullish momentum include a M5 bullish pennant and a M30 tweezer bottom pattern within the bullish pennant. A 38.2% fibonacci retracement was formed from the bullish impulse from support.
GBPJPY Buy OpportunityGBP has retraced heavily against the Yen to a perfect buy opportunity for a long.
Yen has had a strong few weeks having hit a critical resistance level against the USD, and is now at a critical point against most pairs.
The fundamentals support a strong GBP, which is contrary to the dovish sentiment coming from the Japanese Central Bank - the Yen is a low yielding currency that is typically used as a safe haven currency during times of crises.
With the pandemic over most currencies are now gaining heavily against the Japanese Yen.