GJ has been interesting to me the last few weeks. It has a dilemma that it is going through. As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards. I...
Market Analysis PT1/2 (18th April 2024) GBPJPY Analysis On the 4 Hour timeframe, price action has created a WCR. This is a vaild WCR as it meets all 3 criterias of: - Range on the 1hr/4hr/Daily timeframe - Range is at least 100-150 Pips wide - More than 2 taps on Each Support/Resistance. Looking at the 1 hour timeframe, price action has created a 1...
Market Analysis PT2/2 (16th April 2024) GBPJPY Analysis On the 1 hour timeframe, price action created a bearish Change of Character after rejecting off a psychological level at 192.700. In the process of forming a 1 hour CHOCH, price also created as 15 minute orderblock that hasnt been tested. I am expecting price to retrace towards the 15 minute...
Market Analysis PT2/2 (11th April 2024) GBPJPY Analysis On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour. In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1...
GJ has broke below structure and closed below zone on 4H timeframe. Also formed a Head n Shoulders and closed below the neck line. Zooming on the 1h we can also see structure broken to the downside and closed below zone. Price retraced and shown rejection @ 190.600 zone by forming a Doji. Having seen price rejecting zone I zoomed into the 30mins and 5 mins where...
GJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.
Going over the current market structure it has rejected the continuation of the uptrend 5 times in my marked up zone.. that being said I think we might be in for a major move down. I have marked my entry below the lows of the liquidity areas and my stops halfway up the highs to minimize risk but still allowing the market to grab liquidity before moving...
gbpjpy has been ranging all week the pair is preparing for a major move likely to the down side the last few daily candles are rejecting the sell zone that i indicated in my previous analysis please check it out below .
hi traders , since the summer gbpjpy has been trading inside a channel on the daily tf . we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation. right now the only comfirmation we have is the close of friday candle that closed as a...
Hello traders, Last week we saw a nice bullish momentum on GJ which took the price to IRL which is a weekly FVG I'm expecting to dig little bit into the fvg to than sell off from there but I'm only considring the entry after a shift on market structure to take an advantage of the down move targetting 178.353 which is the ERL .
Observing a bearish trend confirmed with lower highs and lower Lows on the 4H timeframe. GJ is currently respecting my 4H bearish Trendline in confluence with a 1H Lower High area (Keylevel ). The market has already given us a strong bearish candlestick on the 15-30 minute timeframe. I’m awaiting a break and retest of the 1H key level (support) then I can look...
Hello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪 After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy. However by looking at the weekly...
I would like to see the highs getting souped and then a drop to the eq lows outlined in the chart. We are reaching a huge level in 175.000 and I'd like to see price tap into the level before dropping. Trade safe
Possible short before long continuation. I'm looking to trade the C to D leg. Let me know what you guys think, here are my measurement based on the 4hr chart: X - 168.040 A - 171.073 B - 169.915 C - 170.943 D - 168.391 Comments and critique welcomed!
Looking at the extreme push up, expecting a retrace back down from the 171.2 range, with a sell limit placed to catch the entry. This is the ideal price action entry where price will come to retest the break of the short term trend line and also a previous short term support, that should turn to resistance, and begin to make its way down from there. Price testing...
Wait for price to breakout of GJ range and look to take the trade once candle has closed outside the range.