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Gjmafia

Trusting your Analysis.Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant I missed out on hundreds of pips on such a simple trade. I also re-entered at different prices, this is a lesson learnt as every time in doing so, I am only increasing my potential for risk. Had I kept my sell at 161, my open risk would've been miniscule compared to my sell at 160.500. Listen to your brain, it's okay for a price to jump around, just have patience, before entering the trade you should try anticipate any fluctuations and at what levels, this will help you understand if your position is on track or not. And don't get FOMO, as you are only increasing your potential for a loss. It will be more beneficial for you in the long run. A bad trade is a bad trade.
by HBSPG
GBPJPY H4 ANALYSISPrice is still bullish and rallied today 100+ pips. Support was found at 160.50 level. Possible rejection around 162.50 if price wants to push higher towards the previous supply zone. I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma. There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower. This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol Trying to focus and cancel out noise/distraction. I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
by MrVizions_421
GBPJPY H4 AnalysisPrice has been bullish for the past 6 days and looking to test a daily supply zone from June 16th and previous days in June, possibly testing higher. I'm a seller by nature so I'm looking for price to show STRONG bearish candle to trigger sellers in the market long term. Rsi is overbought and attempting to retest highs. A minor rejection at 155.25. Don't think that will hold for long. Will focus on Higher on time frame analysis. Less noise. I have to be patient and execute my strengths. Wish I could have caught that buy! GJ aka the dragon Moves!!!! lol Risk Management. Happy Trading.
Short
by MrVizions_421
BULLISH PENNANT LOOKS TO ME LIKE A BULLISH PENNANT HAS FORMED AND HAS BEEN BROKE ON GJ. I MARKED UP THE TOUCHES WITHIN THE PENNANT WITH THE 5TH TOUCH BRAKING THE PENNANT GIVING ME CONFIDENCE TO TAKE THE TRADE. PRICE MAY CONSOLIDATE UNTIL LONDON OPENING. PRICE HAD JUST MADE A HIGHER HIGH ON THE 4 HOUR CHART BREAKING A SUPPLY ZONE I HAD PREVIOUSLY MARKED UP & PREVIOUS POSTED THIS GIVES ME CONFIRMATION TO HOLD MY PREVIOUS TRADE. I ATTACHED TO THIS POST I DON'T GIVE SIGNALS JUST SHARING MY IDEAS :) HAVE A GREAT DAY TRADERS !
Long
by spiritualfx