GBPJPY - BUY OPPORTUNITYEyeing GJ for a potential LONG from BUY AREA to TP1, TP2 and STP.
TP1 = 50 PIPs
TP2 = 100 PIPS
STP = 200 PIPS
Trade Safe - only risk what you can afford to lose - Risk management is key!
Gjbuy
GJ buy position on 4h tf;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GJ buy setup;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Trading Plan - 26/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect GJ to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPJPY LONG ✅We are at a strong support price may fall to highlighted zone again and bounce up to marked areas, I’m bullish on this pair BUY!!
GBPJPY Strong buy ✅GJ is in a uptrend channel, it is now retesting a broken resistance that is now support, I expect a push of 200 pips to highlighted area. BUY!!!✅
GJ waiting... GJ - Waiting for buys only, either a straight breakout with confirmation, a retest of the 163.650 level with confirmation or a mitigation of the 163.000 with confirmation! Lets see what she gives us!
GBPJPY LONG ✅GJ is retesting a support zone, I expect a push up to the upside toward highlights zones in the next couple days. BUY!!
Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse,
So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF.
Whats your thought?
Waiting.. GJ looking for sells while price is under 161.000, if we get a solid break/retest i'll look for buys, but first I want to see another push up here and the candle to fail closing above the current DH, giving us a nice sell opportunity with a small SL, then aim for the $ as first target then the support and DL
Let me know your thoughts!
Hmm..GJ Price is sitting on the DH, I may take some LTF sells here depending on structure/if price fails to close above previous 1HH/DH, but overall i've got a buy Bias here until that 1H low is broken, lots of buying pressure this week, no need to try trade against it, go with the flow 🏄♀️
Let me know your thoughts!
Waiting for buys GJ if we can break through 167.638 area i'll be looking for buys back to the 1H high following orderflow, if price fails and falls back to the 1H low demand i'll be also looking for buy there, not interested in sells today on GJ, maybe some LTF scalps if we get a retracement but thats it
let me know your thoughts!
GJ buyGJ has formed a double bottom on the 30min and the 1hr chart. The 30min chart has formed the double bottom on a 200ema support. Price went up, came back for a retest to confirm a buy. I jumped into a buy from the close of the previous stick bullish stick...We should go up to 169.683 at least. If you scalp you will catch good pips. Zone to zone trading is the safest on a volatile pair like this. Wait till we get to the zone and see what price does
GBPJPY sell idea 1.5RRLooking at sells however it is very late in the day - best way to handle this is by reducing risk especially as the market is setting up for NFP tomorrow.
Be smart , protect capital. The number 1 rule in the markets is to minimse losses
GBPJPY potential buysLooking at a potential buy here, price action indicates price is waiting to pop like a coiled spring, however it is end of month so stay safe.
0.5% risk.
GBPJPY BUY Potential return of between 7.8 % to 15.6 % GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August)
which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there
has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a
trade which currently stands at a risk reward of about 1 to 8. Potential return of between 7.8 to 15.6 % if you risk between 1 to 2 % of your account on each trade. Targets are set using the Fibonacci tool.
The monthly timeframe trend is in line with the weekly timeframe , which is in line with the daily timeframe creating a high probability trade.
GBPJPY SPIKEPullbacks + Retracement levels+ Demand Zone waiting for confirmation signals. Structure confirms its a strong buy position
GBP/JPY BuysThis pair has had little in terms of high volume price movements during yesterday's London and NY session
We have since had some higher highs and higher lows forming on the 30min timeframe which has confirmed bullish indications
with this is mind, I opted to enter buys once support had formed and the London session had opened
Stop-loss set below the previous candles lower wick so that I am removed from the position should the technicals invalidate themselves
Targets are set at a significant daily resistance region
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.
