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.
Currently in a Long position. Price has been choppy. Price did fall but didn't break previous low so I'm going to hold position and aim for the previous days high into London session. Good luck trading Risk Management#1
Market Analysis PT1/2 (9th April 2024) GBPJPY Analysis On the daily timeframe, Price action has created a daily fair Value Gap. Since the over trend is bullish after creating a bullish Change of Character and a BOS to the upside, I am primarily looking for Longs. What i want to see price action do is to come into the daily Bullish Fair Value Gap and reject...
GBPJPY Analysis On the 4 hour timeframe, price has created a Bullish Change of Character after testing the daily bullish Golden Fib level. This tells us that price action is actually bullish. However, overnight price action created a huge pullback which coincides with a 4 hour bullish breaker block. On the 1 hour timeframe, We can identify a 1 hour...
GJ is on an uptrend for quite a while now creating a new high recent intervention from BOJ and historical rate hike failed to alter the current bullish scenario. looks like its ready to go higher in the coming weeks look for potential buy opportunity carpe diem!
Gj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time. Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips). TP1: 191.500 TP2: 191.800 * Where has the market moved since I entered my trade? Slight Profit * If I looked...
We will continue to follow the 4-hour SAR to the upside until we see a SAR flip to the top, indicating we take profits. We are currently at a 1-hour resistance level. Look for more BUYS with retracements, and the original SAR is the ultimate SL, which would signal a trend reversal. Let me know your thoughts. The Professor
Gj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will...
GJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set...
GJ Head dropped a good +200 pips and now tapped into a main daily demand zone at 188.35 where I was looking for reversal formation. Reversal formation was formed at 9.30 once 30mins candle broke below Doji but then closed as a Bullish engulfing. Price also Broke structure to the upside . Upon seeing I set a Buy limit order @188.500 and was waiting for Pre-Ny or...
GJ had approached a key supply zone and closed on a massive rejection bearish engulfing candle @190.600 zone. I waited for retracment to the 190.500 zone and to also see Break of structure to the downside on the smaller timeframes(5mins) which I saw around 9.30 GBP session (UK time). Upon seeing this entered Sells @190.500 with sl@190.77 (Risking 27...
GJ closed above zone on the 1H and now retraced. Upon retracement was looking to enter buys around 191.10 zone which was further confirmed with an internal BOS on 1min. Once I saw this added confluence entered Buys @191.100 with sl@ 190.87 (Risking 23pips). Aiming for a 1:3 R:R. TP1: 191.75 TP2: 191.97 ...
GJ was had been ranging and now broken above zone and waited for 8.30 candle close above zone (186.57). Upon seeing close of candle at 8.30am UK time I entered @ 186.600 with sl@ 186.35(25pips) . TP1: 187.00 TP2: 187.300 * Where has the market moved since I entered my trade? near entry still * If I looked at the market now, would I...
I think this area has a good potential to go long. Let see what will happen... Good luck.
We have CHoCH in 15min TF and then a pullback and sweep of liquidity and I'll wait for the price to break our high and then wait for a pull back to find an entry. I'll update this idea next week.
GJ on daily has been rangebound for a while now. PD it broke the upper end of the range and it is now set up for long side properly on higher TF. so if in Asia session we get volume in favor of longs we will have 1/2 in favor with HTF confluence.
Good day my fellow traders! Today I broke down GJ, and how exactly we got to where we are today within the market. Watch closely and take notes as I breakdown entry points that I personally took, as well my overall thought process to even build the story that came true! I hope you guys enjoy this video. Follow, Like, and Comment if you enjoyed this breakdown!
GJ is looking bullish, currently retested support.tp1,2 &3 we set and stop-loss in place